Terra - Our mission is to free people from the hidden fees embedded into everyday payments. We strip away these inefficiencies by harnessing the power of blockchain technology.
While many see the benefits of a price-stable cryptocurrency that combines the best of bothfiat and Bitcoin, not many have a clear plan for the adoption of such a currency. Since thevalue of a currency as a medium of exchange is mainly driven by its network effects, a successfulnew digital currency needs to maximize adoption in order to become useful. We propose acryptocurrency, Terra, which is both price-stable and growth-driven. It achieves price-stabilityvia an elastic money supply, enabled by stable mining incentives. It also uses seigniorage createdby its minting operations as transaction stimulus, thereby facilitating adoption. There is demandfor a decentralized, price-stable money protocol in both fiat and blockchain economies. If such aprotocol succeeds, then it will have a significant impact as the best use case for cryptocurrencies.