In 2018, Terra was co-founded by Do Kwon. Terraform Labs is the company behind Terra and Kwon holds the CEO position.
Do Kwon, formerly a founder of a wireless mesh network startup constructing decentralized applications, defined how Terra can flip those issues into a possibility to build cash from the ground up. One part of Terra’s cost contributions, bills, in essence, replaces the complicated payments value chain, including credit card networks, banks, and charge gateways, with a single blockchain layer. It could provide merchants with a substantially cheaper transaction fee, saving them money that they can reinvest in something else.
Besides, in concert with the efficiencies that Terra has supplied payment channels for both merchants and clients, it maintains to steadily provide infrastructural improvements and tools for the foundations of laying down a credibly impartial, distributed, and significantly transparent ecosystem.
On May 8th, 2022, UST lost its fixation on the dollar, erasing billions of dollars from Terra’s ecosystem and dragging the cryptocurrency market down.
On March 23rd, 2023, Do Kwon was arrested in Montenegro.
Starting on 01 January 2024, and goes for the next 365 Days.
Every day remaining equals 10 CryptoTeka Tokens multiplication.
58 Days Remaining.
580 bonus CryptoTeka Tokens.
Get Notifications on the Top 1000 Cryprocurrencies every 10 minutes.
Get on our contact list, and we'll keep you up to speed.
The latest Crypto news and expert insight sent to your inbox for free.
Subscribe for push notifications.
Free Crypto push notifications to your computer or phone.