Review on Terra by LUIS RIVERO R

Name: Terra
Item: Terra
Rating: 1

September 19, 2020

Payment platform and decentralized economy mainly focused on the Asian public.

This is a platform of shared resources based on different assets to support its commercial value, its main utility is being a payment and exchange currency.

Now each stable coin is backed by LUNA, this cryptocurrency is what keeps the Terra network moving and generates the necessary financing, it is also required to validate transactions since mining in Terra is by proof of participation, so it is required to run validator nodes on the network.

What makes this project interesting is its payment platform since it is linked to real banking services, which allow thousands of people to carry out this type of P2p operations by linking their bank accounts and reducing the prices of the transactions to the maximum, although it is only limited to some countries in Asia.

In general, it is in the midst of the great receptivity of the DEFI, we will wait to see which ones will fulfill this true role of shared and decentralized economies, I consider it a good time to invest in this asset, its price is low and its volume of trade is really high, you must also take into account that its usefulness and value will depend on its success in use.
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Updated 3 years ago

Rating changed from 4 to 1

In short, this project has lost the most important thing, the support of the community. Basically, no one trusts this project anymore, and its support and algorithm were not enough to maintain the price of its main cryptoactive UST.

Now, according to its developer, they are making plans to revive the project, a matter that is really complicated, it only remains to wait in the coming months and find out what this project really is.

UST a stable currency with the US dollar could not withstand a bear market, now it leaves a lot to think about this type of asset and how safe they are.
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Pros