The Terraverse Has Landed
Astro Hounds is the first metaverse on Terra, offering AAA+ quality graphics, charming dog avatars and an immersive gaming experience
We are more than a game — we are a journey 🧙🏻♀️
And we choose our journey to be on Terra 🌙
So why Terra?
Maybe we are getting ahead of ourselves. Let’s start with what is Terra.
Korean born Terra is an open-source and decentralized blockchain platform for algorithmic stablecoins, that are pegged against traditional fiat.
The strong team behind Terra — spearheaded by the impressive duo Do Kwon and Daniel Shin — secured a $32 million investment from major cryptocurrency exchanges such as Binance, OKEx, and Huobi. With nearly $18 billion in total value locked, Terra is now the second largest DeFi protocol after Ethereum.
Why is it special?
The most impressive feat of Terra’s engineering is its stablecoin and how this relates to its native token $LUNA.
This comes from the ambition and mission of Terra: they are devoted to solving the following problems:
- Money as a method of payment. We need it to work as a way to purchase goods and services and to receive payments in turn. 💸
- Money as an interest-generating asset. 🤑
- Money as a way to invest. 💵
Terra blockchain therefore offers many stable coins pegged to their respective currency (UET — EUR, KWT — KRW), the most famous and notable being UST, pegged to the USD, to make then applicable to daily life.
$LUNA is Terras native crypto token and it is used for staking, governance, and collateral for the stablecoins. Therefore the stablecoins and LUNA can be seamlessly interswapped — together making up the terra ecosystem. Like yin and yan, UST and LUNA are the earth 🌎 and the moon 🌕 — one cannot live without the other. There is really no other blockchain that works like this.
So now that is clear, why are we building on Terra?
- Terra is built onto the Cosmos chain and therefore uses Cosmos SKD to deploy its smart contracts, as well as its proof of stake mechanism. This means that Astro Hounds can therefore benefit from the Cosmos smart contracts and implement smart contracts across all transactions which occur on our metaverse 🧬
- It is also fast and cheap: with a speed of 10,000 transactions per second and gas fee costing between 0.3–0.6UST — (not depending on LUNA) 💰
- It is also non collateralized, meaning that it can grow indefinitely. This algometric approach makes it more capital-efficient and dApps can scale faster 🚀
- The algorithm that automatically adjusts Terra stablecoins based on its supply and demand as well as the strength behind the LUNA UST interactive ecosystem, stabilises Terra as a blockchain — and positions it only for growth 📈
- As mentioned, Terra aims to disrupt traditional banking through a massive adoption of stablecoins and DeFi. It is possible that Terra may become the backbone for payments and financial services — completely changing the face of how society works. This only confirms the stability and long term growth of Terra, as well as matches to Astro Hounds futuristic goals and visions of being a future oriented platform 🌐
- Its decentralized state means that it can never be shut down — Astro Hounds will therefore never be shut down . Play on Hounders! 🎮
References:
https://learnterra.io/
https://app.anchorprotocol.com/
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