Terra is a blockchain protocol that seeks to create price-stable global payments systems using fiat-pegged stablecoins. The protocol uses a reserve currency called LUNA, which algorithmically stabilises the basket of fiat-pegged stablecoins that it utilises for facilitating programmable payments and open financial infrastructure development.
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Initially launched as a free airdrop to the Solana community on Christmas Day 2022, BONK's adoption has since grown parabolically to emerge as the true community coin of web3
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