Terra Token is another fast rising coin in the cryptocurrency market today.
On this article, we are going to review Terra.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
Luna is the native staking token recognized by the Terra protocol. Through its role in collateralizing the mechanisms that secure the price-stability of Terra stablecoins and modulate the incentives of validators, Luna serves as a foundational asset for the entire Terra network and ecosystem.
There are 419,366,567.37 LUNA in supply.
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Pros of Terra
- A lot of investors are ‘flocking’ to invest
- It is now listed on Coinbase
- They are fully decentralized
Cons of Terra
- The coin is still under development
- Multiple issues with its synchronizations between ledgers
Is Terra Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear and most have also given up.
According to research, Terra is not a scam coin. It has been listed on top cryptocurrency wallets like Blockchain, Binance and lots more.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Terra on the comment section below. Don’t forget to rate and leave a review.