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Cryptocurrencies:  7,531Markets:  31,824Market Cap:  $405,659,928,05624h Vol:  $96,909,563,441BTC Dominance:  62.3%
Market Cap:  $405,659,928,05624h Vol:  $96,909,563,441BTC Dominance:  62.3%Cryptocurrencies:  7,531Markets:  31,824
Terra

Terra (LUNA)

$0.309152 USD (1.76%)
0.00002263 BTC (-2.77%)
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  • Market Cap
    $119,540,151 USD
    8,750 BTC
  • Volume (24h)
    $5,309,658 USD
    388.66509400 BTC
  • Circulating Supply
    386,670,756 LUNA
  • Total Supply
    998,321,772 LUNA
  • Tools for Terra

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About Terra

Terra price today is $0.309152 USD with a 24-hour trading volume of $5,309,658 USD. Terra is up 1.76% in the last 24 hours. The current CoinMarketCap ranking is #83, with a market cap of $119,540,151 USD. It has a circulating supply of 386,670,756 LUNA coins and the max. supply is not available. You can find the top exchanges to trade Terra listed on our crypto exchanges page.

What Is Terra (LUNA)?

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2020, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund's Special Drawing Rights basket of currencies — and it intends to roll out additional options.

Terra's native token, LUNA, is used to stabilize the price of the protocol's stablecoins. LUNA holders are also able to submit and vote on governance proposals.

Who Are the Founders of Terra?

Terra was founded in January 2018 by Daniel Shin and Do Kwon. The two conceived of the project as a way to drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability. Kwon took on the position of CEO of Terraform Labs, the company behind Terra.

Prior to developing Terra, Shin co-founded and headed Ticket Monster, otherwise known as TMON — a major South Korean e-commerce platform. He later co-founded Fast Track Asia, a startup incubator working with entrepreneurs to build fully functional companies.

Kwon previously founded and served as CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. He has also worked as a software engineer for Microsoft and Apple.

What Makes Terra Unique?

Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.

Terra has established a number of partnerships with payments platforms, particularly in the Asia-Pacific region. In July 2019, Terra announced a partnership with Chai, a South Korea-based mobile payments application, in which purchases made using the application on e-commerce platforms are processed via the Terra blockchain network. Each transaction is subject to (on average) a 2%–3% fee charged to the merchant.

In addition, Terra is supported by the Terra Alliance, a group of businesses and platforms advocating for the adoption of Terra. In February 2019, the company announced that e-commerce platforms from 10 different countries, representing a user base of 45 million and a gross merchandise value of $25 billion, were members of the alliance.

Learn about Tether, the most popular stablecoin by market capitalization.

Learn about Zilliqa, another cryptocurrency project seeking to revolutionize the payments sector.

Want to better understand stablecoins? Read an in-depth guide on Alexandria, CoinMarketCap's online educational resource.

Stay up to date on the ways stablecoins are changing the payments industry with the CoinMarketCap Blog.

How Many Terra (LUNA) Coins Are There in Circulation?

Terra has a supply of 1 billion tokens. If this number is exceeded, LUNA is burned until it returns to the equilibrium supply level. New LUNA tokens are minted through the protocol's algorithm, as needed, in order to maintain the price of Terra stablecoins.

LUNA was first made available for purchase in a private token sale for initial investors, which included the investment arms of major exchanges such as Binance, OKEx and Huobi. The sale concluded in August 2018, and as a result, Terra raised $32 million. Of the 385,245,974 LUNA minted for the sale, 10% was reserved for Terraform Labs, 20% for employees and project contributors, 20% for the Terra Alliance, 20% for price stability reserves, 26% for project backers and 4% for genesis liquidity.

How Is the Terra Network Secured?

The Terra blockchain is secured using a proof-of-stake consensus algorithm based on Tendermint, in which LUNA token holders stake their tokens as collateral to validate transactions, receiving rewards in proportion to the amount of LUNA staked. Tokenholders may also delegate others to validate transactions on their behalf, sharing in any revenue generated. Terra also offers additional guidance to validator nodes on the best practices for helping to keep the network secure.

In May 2019, shortly after Terra's mainnet went live, blockchain verification and penetration testing firm CertiK completed a security audit of the network. It examined its economic model to test against market manipulation, its architecture and its coding language. CertiK found that the "modeling and mathematical reasoning" of the Terra network were "considered sound," although it would not comment on the blockchain's performance.

Where Can You Buy Terra (LUNA)?

Terra's native token, LUNA, is listed on several cryptocurrency exchanges — including Huobi, Bitfinex and Upbit — where it is available to be traded against fiat currencies, stablecoins and other cryptocurrencies.

Are you interested in buying LUNA or other cryptocurrencies such as Bitcoin? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.

Terra Price

Terra Price$0.309152 USD
Terra ROI
-81.86%
Market Rank#83
Market Cap$119,540,151 USD
24 Hour Volume$5,309,658 USD
Circulating Supply386,670,756 LUNA
Total Supply998,321,772 LUNA
Max SupplyNo Data
All Time High
$1.83 USD
(Jul 26, 2019)
All Time Low
$0.119867 USD
(Mar 13, 2020)
52 Week High / Low
$0.334389 USD /
$0.120116 USD
90 Day High / Low
$0.334389 USD /
$0.289293 USD
30 Day High / Low
$0.334389 USD /
$0.289293 USD
7 Day High / Low
$0.327893 USD /
$0.300705 USD
24 Hour High / Low
$0.318538 USD /
$0.303524 USD
Yesterday's High / Low
$0.318538 USD /
$0.303524 USD
Yesterday's Open / Close
$0.304186 USD /
$0.309150 USD
Yesterday's Change$0.004964 USD (1.63%)
Yesterday's Volume$5,285,969 USD
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