Since late December 2021, Terra, one of the growing list of metaverse cryptocurrencies, has shown encouraging prospects.
Its current price is USD 81.22 as of March 9th, 2022, up 0.53 percent from the previous day.
The spotlight is now on Terra, which, according to CoinMarketCap listing, is still ranked in the top ten (now at #7).
If you’ve ever wondered what Terra Luna is, today we’ll take a closer look at the Terra World Blockchain Protocol.
What is The Terra World Token?
Terra is a price-stable and growth-driven blockchain technology with the primary goal of achieving price stability via decentralized financing (DeFi), which is achieved through steady mining incentives for Terra-based cryptocurrencies.
To put it another way, Terra-Luna aims to maintain its purchasing power unlike other cryptocurrencies like Bitcoin.
Daniel Shin and Do Kwon began developing Terra in January 2018 with the goal of increasing the adoption of Blockchain Technology by focusing on cryptocurrency price stability.
Terra has already made its way to the US dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights eight months after its inception.
Terra World Token (TWD) was created three years later, in November 2021, and it, too, operates on Terra’s blockchain.
Terra World is a Metaverse based on the Terra Luna ecosystem that enables anybody on the platform to own different digital assets, including buildings, land, and even companies, through virtual offices using non-fungible tokens (NFTs).
TWD had already sold 999 NFT Lands by February 26th. The platform is still offering prospective landowners the opportunity to acquire their Terra World Land Parcels for about $2,500. 181,603 lands will be issued.
At the moment, Terra World only supports two tokens on its Metaverse. The $TWD Tokens, a native utility bought the open market, and the $MFW token, a mining mechanism that rewards users with TWD tokens.
To obtain a fully digital experience from the Terra World ecosystem, you’ll need a Terrachain wallet account.
A user will utilize his preferred NFT to access all Terra World rewards, including Terra payments, airdrop activities, endorsements, and other community engagements in the Terra metaverse.
Where To get Terra World Tokens?
- Find Terra World Token on your preferred cryptocurrency wallet, such as Binance
- To make your purchase, choose a platform.
- Due to varying degrees of security and liquidity, be wary of the platforms you choose.
- Purchase Terra World Token on your preferred platform: If you need to buy Terra World Token. You’ll need first to establish a crypto wallet that supports TWD, then buy the first currency and use it to buy Terra World Token on your preferred platform. Terraswap is a service that we suggest during your first TWD purchase.
Why is everyone so enthralled with Terra World?
Terra World has supplied numerous employers, business people, and others in its ecosystem with a Virtual Space.
This helps them to engage in digital co-working to achieve their business goals regardless of time or location.There’s also the notion of Gamification.
It enables people on the TWD metaverse to make some money while participating more with the Terra world environment.
Most crucially, as discussed elsewhere in the article, it is very much feasible to hold different digital assets in the Terra World ecosystem through NFTs.
