Review on Terra by RODRIGO REIS
EARTH IN VIEW
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Terra is a interesting project that uses the advantages as a cyptocurrency with the stability of fiat. Terra is pegged in fiat currencies
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Terra is backed by the gigant Terra Alliance, what demonstrate the strong and reliability of the project
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Pros
- Terra is a currency that extracts the good points in fiat and good points in cryptocurrencies to make transactions and storage of value
- Terra stablecoins has low fees in comparation with others cryptocurrencies
- Native token( LUNA) has several utilities as stabilizing the price of the protocol's stablecoins, trade and payments. LUNA holders can help to decide about the future of the project
- LUNA holders will receive rewards based on the amount of LUNA staked
- Token LUNA available to trade in important exchanges. Good market cap and trading volume
Cons
- The token price is low
- Token LUNA needs to get more disclosure and partners
