Who is Terra Alliance?

The Terra Alliance is a group of 15 eCommerce companies based around East Asia. Established by Daniel Shin and Do Kwon in 2018, Terraform Labs has an extensive background in eCommerce and finance. Shin is a graduate of the Wharton School of Economics and has established several other successful companies in various sectors.

What is Terra Alliance e-commerce?

The Terra Alliance is a group of e-commerce businesses and platforms from around the world pushing for Terra adoption. Businesses within the Terra Alliance have a combined value worth tens of billions and more than 45 million customers across the companies. What is the difference between LUNA 2.0 and LUNA Classic?

What is the New Terra network based on a new governance plan?

The Terra network has been divided into two chains based on the new governance plan. Terra Classic with Luna Classic tokens (LUNC) will be the old chain, whereas Terra with LUNA tokens will be the new chain called LUNA 2.0. The old LUNA will co-exist with LUNA 2.0 rather than being entirely replaced.

What is Terra & how does it work?

Terra was founded in 2018 by Do Kwon and Daniel Shin and launched its mainnet in 2019. Kwon and Shin built Terra to offer users the stability of fiat currencies while harnessing the power of blockchain technology for settlements that were faster and cheaper than traditional payment solutions.