Terra is known as the price-stablecryptocurrency, which got focused on empowering the next generation of thepayment network. It is eight months since Terra has got launched.
Terra tweeted that the cryptocurrency is “The next-generation payment network and grow the real GDP of the #blockchain economy.”
Thecurrent annualized reward rate of Terra is up at 17.54%. The rewards come from the transactionfees. Taxes and seigniorage in thenetwork also contribute to the rewards. About 22.39% of the total token supplyis already participating in the rewards.
CryptoSlate tweeted: “Stablecoin protocol Terra (@terra_money) surpasses one million users in less than nine months (via @EmsleyJonnie)”
Sydney Ifergan, the Crypto Expert, tweeted: "Congratulations to #Terra on achieving the 1 million User Accounts Goal in nine months of the blockchain genesis. Good Start and miles to go TERRA (#Luna) . "
Terra have planned a lot for 2020. They are expanding to support more ofDeFi. Further a lot of cool partnershipsare to be achieved this year.
Terra Tweeted: “Want to get some #Luna and #Terra to start 2020 right? Now you can easily purchase with your credit card.”
Year 2020started for Terra with Chai getting live in CU, the biggest of Korea’sConvenience Store. The token has beenshowing a steady growth and no one have been talking about it. It worked like a ticking time bomb and theyare continuing their moves strategically.
The Terra Blockchain Consensus is achieved through Tendermint. The investors choose to participate in staking, or they join by delegating. To earn a passive income, there are two options with this token. One is with staking rewards, and another is with Delegating LUNA.
Delegationof Terra (LUNA) is done considering parameters like Annual Reward, Adj. Reward,Lock-Up Period, Complexity Rating, and Risk Rating.
Delegatingis very easy and secure, and it is done within just a few minutes inside theWallet. Running a validator which ranksone in the top 100 or delegating to one of such validators is profitable.Rewards are obtained depending upon the transaction volume in the TerraEconomy. It is a lot of responsibility to run a validator node; therefore, it isgood to stake by delegating the LUNA.
LUNA andTerra are different. Terra is a stable coin Protocol. Luna collateralizesTerra, and it does not have the properties of Terra. Exhaustive details areavailable in the Terra Station Delegation Guide.
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