Terra (LUNA) is a decentralized blockchain protocol that allows its users to create stablecoins. The Terra blockchain enables instant spending, saving, trading, or exchanging of Terra stablecoins.
The Terra (LUNA) protocol uses a combination of open market arbitrage incentives and a decentralized Oracle voting system to create stablecoins pegged to fiat currencies. Terra combines the censorship-resistant, tamper-proof infrastructure of Bitcoin (BTC) with the price stability and widespread adoption of fiat currencies to offer fast and affordable settlements. Various stablecoins are created on the Terra (LUNA) network through smart contracts.
Terra (LUNA) uses the Delegated Proof-of-Stake (DPoS) algorithm as its consensus mechanism, an efficient and democratic version of the Proof-of-Stake (PoS) mechanism.
Terra is supported by the Terra Alliance, a consortium of businesses and platforms that support the protocol's adoption.

The Terra (LUNA) protocol consists of two main tokens: Terra and LUNA.
Terra are stablecoins pegged to the price of fiat currencies. Users create new Terra tokens by burning LUNA tokens. Stablecoins in the Terra (LUNA) network are named after their fiat counterparts. For example, one of the base Terra stablecoins is pegged to the IMF's SDR and is called TerraSDR. Terra's stablecoin pegged to the US dollar is called TerraUSD. Since the primary value of stablecoins comes from their stable price, the Terra protocol maintains the price of Terra stablecoin by ensuring supply and demand are always balanced.
The LUNA token is the native staking token of the Terra protocol, absorbing the price volatility of Terra. LUNA tokens act as collateral for all Terra stablecoins. The more Terra is used, the more valuable LUNA becomes. LUNA tokens are used in governance and mining within the Terra ecosystem. You can have a say in the protocol's future by staking LUNA tokens. Users also stake LUNA tokens to validators who record and verify transactions on the blockchain in exchange for rewards from transaction fees. Transaction fees in the Terra protocol are also paid with LUNA tokens.

The Terra (LUNA) project was founded in 2018 by Do Kwon and Daniel Shin of Terraform Labs.
Do Kwon, also the CEO of Terraform Labs, is known for his investments and ventures in the blockchain field. Daniel Shin is known as the founder and CEO of Chai, a significant payment company in Asia, alongside the Terra (LUNA) project.
LUNA Token Statistics
The maximum supply of LUNA tokens is 1,000,000,000. The distribution of LUNA tokens since its launch on July 26, 2019, is as follows:

Terra (LUNA) is a decentralized financial infrastructure and blockchain protocol introducing unique concepts and theories. The Terra (LUNA) network allows the creation of stablecoins. Its blockchain is unique because it can host numerous algorithmic stablecoins.
Terra aims to mitigate many of the current issues faced by the largest stablecoins, one of which is centralization in the market. Terra seeks to reduce this centralization. Unlike its competitors, Terra's protocol operates across multiple blockchains. The network also aims to remove technical limitations on stablecoins through its open financial infrastructure.
One of the leading features of the Terra network is interoperability. The network is designed to operate on multiple blockchains. Currently, Terra works on Solana (SOL) and Ethereum (ETH), but the team indicates the network will expand to other blockchains.
Terra is also development-focused. The network allows developers to create smart contracts in Rust, Go, or AssemblyScript.

The Terra (LUNA) whitepaper, published in April 2019, can be accessed here. The LUNA token whitepaper is authored by Evan Kereiakes, Do Kwon, Marco Di Maggio, and Nicholas Platias.
The whitepaper states, "Bitcoin's high price volatility is a significant barrier to its adoption as a medium of exchange or store of value." It emphasizes that the Terra (LUNA) project is designed to overcome this major barrier.

LUNA tokens can be bought and sold through reliable cryptocurrency exchanges. It is also possible to trade LUNA in TRY pairs.

What is Terra (LUNA)?
Terra (LUNA) is a decentralized and interoperable blockchain that enables users to create stablecoins.
On which blockchains can Terra (LUNA) operate?
Terra (LUNA) currently operates on the Solana (SOL) and Ethereum (ETH) blockchains.
What is the difference between Terra tokens and LUNA tokens?
Terra are the stablecoins in the Terra network; LUNA is the network's governance and utility token.
What is the supply of LUNA tokens?
The maximum supply of LUNA tokens is 1,000,000,000.