Average rating : HIGH
Terra is building a decentralized price-stable cryptocurrency that will gain usage as a means of payment at massive scale through an alliance of large commerce partners across the globe.
It will then leverage its scale and network effects to facilitate the development of unbounded financial dApps, growing the real GDP of the blockchain economy.
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|Accepts:||Private-sale/pre-sale bonus:||no info/ no info|
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|Team:||9 persons||Crowd-sale token price:|
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Terra Money is a very interesting project and is very strong in certain areas, however there are a number of key issues that potential investors need to pay attention to. Firstly, it is still early days and there is no MVP or roadmap, and secondly, the team are not even sure which blockchain to launch host their project on and have mentioned a number of possibilities. As a result, this could be a long term project with no significant developments taking place until well into 2019. Furthermore, no hard cap has been set, and the information produced by the team has been spread out across various press releases highlighting the project’s early stage and as a result much of the information contained within this review may be subject to change.
Having said that, Terra has a strong use case, as the blockchain economy still requires reliable decentralized stable currencies, and a range of dApps and blockchain projects that operate internal marketplaces will have a need for a universally accepted stable coin. In addition, due the uncertainty surrounding Tether, the top exchanges may choose to list Terra which would result in a significant appreciation in the value of the Luna token. The fact that Binance Labs, OKEx, Huobi Capital, and Dunamu & Partners, the investment arm of UPbit operator Dunamu have all chosen to become early stage investors makes the latter point seem to be a distinct possibility.
In addition, Terraform Labs has also attracted funding from a host of blockchain funds, including Polychain Capital, FBG Capital, Hashed, 1kx, Kenetic Capital, and Arrington XRP Capital. This shows the team are building something substantial, and the core team members are solid performers, with Terra well positioned to take advantage of a powerful business network. Co-founder Daniel Shin’s Ticket Monster already has a valuation of over $1 billion, and 9 million annual customers, while the Terra Alliance generates $25 billion in annual transaction volumes and has over 40 million customers. This will allow Terra to be integrated into a network of merchants and consumers across Asia almost instantly, and the team are aiming to replicate the model that worked extremely well for payment platforms like AliPay and PayPal, which grew by adopting the existing customer bases of TaoBao and eBay respectively. As a result, Terra is a project to keep track of, and while it may be a slow burner, a sensible hard cap and reasonable metrics will make this an attractive proposition for potential investors.see more