BlockchainBad speaks exclusively with Terra CEO, Daniel Shin. Terra is a price-stable cryptocurrency designed for mass adoption. Dan and his team are building financial infrastructure for the next generation of decentralized applications. More specifically, Terra is a protocol of money that ensures price-stability by algorithmically expanding and contracting supply. Terra’s Stability Reserve makes a decentralized guarantee of solvency, protecting it from the speculative and regulatory risks that other currencies are exposed to.Terra is backed by Luna, a decentralized asset that derives its value from transaction fees collected on the Terra network. Much like the moon stabilizes the earth’s rotation, Luna is Terra’s eternal guardian of stability. Cryptocurrencies have the potential to transform the financial landscape. Yet, price volatility remains a major barrier for mass adoption. Terra may well be a solution, as it is a decentralized stablecoin set to become a new global currency. Links: &
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06 Intro
0:51 What is Terra?
2:06 Why stablecoins are important
3:12 Seigniorage
5:20 Why a country would use Terra
6:47 How does Terra compare to XLM?
7:51 What is the tech progress?
8:20 The three different components of Terra
8:48 When Terra will go live / Blochain Tech (Tendermint)
9:50 Terra Economy
10:30 How Luna works (mining)
11:20 Enterprise fit
12:05 Security
13:27 Utility of Luna / Terra
18:35 Terra Alliance ($30B transactions / year)
20:00 Mission for Terra
20:20 Legal compliance
25:02 Exchange listing strategy
26:10 Partnerships
28:00 The Raise
29:10 Exchange investors
31:05 Tomochain, Clayton, Ontology partnerships
35:05 ICO / IEO?
35:15 How will Terra be used?
36:50 Terra (TRA) is a stablecoin!
38:45 Is Terra the new BTC?
41:15 Terra ATMs?
44:35 Luna tokenomics
45:30 Summary
Interviewee: Daniel Shin
Dan is the founder and former CEO of TicketMonster, Korea’s leading e-commerce platform with $3.5 billion in GMV. He is also a co-founder and board member of Fast Track Asia, a company-builder that established and sold multiple businesses including Fast Five (office sharing platform) and FoodFly (food delivery, acquired by Yogiyo). Dan is one of the best known entrepreneurs and investors in East Asia, with extensive expertise and deep networks in e-commerce. He has a BS in Economics from Wharton Undergrad.
I have not invested in this project, but may in the future. This is not Financial Advice. #DYOR always.
This was 100% free and I received no financial compensation from the Terra Team for doing this video; not in fiat, tokens or any form on payment. Since several months ago, I decided to do only free content unless legitimate ambassadorships were involved. I believe that sponsored content is not a problem if disclosed, but this was NOT sponsored and there was absolutely no compensation received in any way, shape or form for this interview that I receive. For additional disclosure, I want to let you know that I have not yet invested in this project. This is not Financial Advice. Please #DYOR
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