prithvijayaraju

miniproject2 - extracredit - Terra analysis

Nov 27, 2022 - BUSINESS DEFINITION: Background: Terra is built using Cosmos blockchain technology and is a payment platform used for algorithmic stable-coins. LUNA: Terra's blockchain native token to pay for transaction fees in the Terra network. UST aka TerraUSD: Stable-coin of the Terra blockchain. Its value is pegged 1:1 to the US dollar, making it an ideal medium of exchange. Relation between LUNA and UST: UST is a stable-coin that is supposed to stay at $1 at all times, while LUNA is a regular crypto that is burned whenever new UST are minted.