Terra is known as a price stable cryptocurrency that focused on empowering the next generation of the payment network. It’s been eight months since Terra launched.
Terra tweeted that the cryptocurrency “is the next generation payments network and is increasing the real GDP of the #blockchain economy”.
Terra’s current annualized reward rate is up 17.54%. The rewards come from the transaction fees. Taxes and seigniorage in the network also contribute to the rewards. About 22.39% of the total token offering is already participating in the rewards.
Terra Cryptocurrency has hit the 1 million user target
CryptoSlate tweeted: “The Terra stablecoin protocol (@terra_money) surpasses a million users in less than nine months (via @EmsleyJonnie). “
Sydney Ifergan, the crypto expert, tweeted: “Congratulations to #Terra on reaching our goal of 1 million user accounts in nine months after blockchain was born. Good start and miles to TERRA (#Luna). “
Terra has a lot planned for 2020. They are expanded to support more DeFi. In addition, many cool partnerships should come about this year.
Terra tweeted, “Do you want to get #Luna and #Terra to get 2020 off to a real start? Now you can easily shop with your credit card. “
2020 started for Terra when Chai went live at CU, Korea’s largest convenience store. The token has shown steady growth and no one has talked about it. It worked like a ticking time bomb and they strategically continue their movements.
Terra staking out
The Terra Blockchain consensus is achieved through Tendermint. The investors choose to participate in the participation or participate by delegation. To get a passive income, there are two options with this token. On the one hand it is about setting rewards and on the other hand it is about delegating LUNA.
Terra (LUNA) is delegated taking into account parameters such as Annual Reward, Adj. Reward, Embargo Period, Complexity Assessment and Risk Assessment.
Delegating is very easy and secure and takes a few minutes inside the wallet. It is profitable to run a validator that is in the top 100 or to delegate it to one of these validators. Rewards are received based on the volume of transactions in the Terra Economy. Running a validation node is a huge responsibility. Therefore it is good to delegate the LUNA.
LUNA and Terra are different. Terra is a stable coin protocol. Luna secures Terra and does not have the properties of Terra. You can find detailed information in the Terra Station Delegation Guide.
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