Terra Wallet - Luna Crypto Wallet

Terra is a decentralized blockchain platform that has brought several unique concepts and ideas to the crypto market. The uniqueness of the platform is that it is a full-fledged ecosystem, including a mechanism for providing coins (stablecoins) and maintaining the exchange rate, blockchain oracles and smart contracts that automatically process transactions on the platform.

The main goal of Terra is to create a global and efficient payment system based on decentralized technologies to ensure fast and cheap transactions, including cross-border payments. Terra is fundamentally different from other platforms offering stablecoins in terms of compatibility: the platform operates on several blockchains, which provides a higher degree of decentralization. To achieve this goal, Terra uses the Cosmos SDK and Inter Blockchain Communication (INC) technology.

Terra is capable of processing hundreds of transactions per second, and it takes about six seconds on average to confirm transactions. The average cost of a completed transaction is only a few cents.

Terra is supported by its own cryptocurrency - LUNA.

LUNA is the native token of the Terra ecosystem and a fundamental asset for the entire ecosystem.

The LUNA token acts as a dividend-paying capital, because the toxin holders who hold their LUNA receive 100% commission for the transaction generated by the stablecoin payments. This feature helps to enhance the network effects of Terra and increases the spread of stablecoins.

How to make money with Terra: where to start

LUNA staking is the easiest way to earn money for those who want to invest in tokens. Since LUNA is a stability mechanism for Terra stablecoins, platform validators and their delegates are entitled to receive rewards for ensuring the security of the network. Moreover, it is not necessary to become a validator yourself to receive awards: you can delegate tokens to any active validator in the Terra network by paying a small commission.

The Terra wallet mobile application is one of the validators in the Terra network that you can choose to delegate to LUNA. We are a reliable stacking provider trusted by a large community, and we support the largest PoS platforms, carefully selecting only promising projects such as Ethereum, Cosmos, Cardano, Tezos and many others.

If you are a beginner and do not know how stacking works in Terra, check out our simple guides on delegating LUNA tokens in the Terra wallet mobile wallet.

Terra Wallet users have full control over their private keys and can store all Terra stablecoins in the LUNA wallet.

In addition to the simple storage of LUNA and TerraSDR, the Terra Wallet allows you to:

View all past transactions and browsing history depending on the category;

View all validators ranked by the return of delegation, and view information such as the number of votes, self-delegation, commission, working hours, etc;

Selection of a validator and delegation of LUNA tokens to receive passive income from rewards for placing bets and transaction fees;

Viewing the history of awards;

Easily switch between different Terra assets;

Participate in the on-line management of Terra by voting and / or submitting proposals.

Our support is always in touch and ready to help 24 hours a day.