Introducing Terra Ecosystem

We are excited to share with the SafePal community a series of learn and earn events this month. With the addition of Terra support via SafePal Wallet App Version 3.1.0 the SafePal community can now safely store, manage and interact with their Terra ecosystem assets such as $LUNA, $UST, and Terra ecosystem DApps. Working together with the Terra Foundation, we at SafePal would like to take this opportunity to launch a series of events to educate the community about the amazing projects happening within the Terra ecosystem.

In March 2022, we will have 5 amazing projects take part in learn and earn events along with a charity relief fund to support displaced refugees later this month. The curated projects will be providing the SafePal community with new innovative DeFi solutions that exist primarily on Terra. Many of the projects are built around the utility of Anchor protocol, $UST, and $LUNA. The SafePal community will have an opportunity to explore DeFi, GameFi, Launchpad, and NFTs within the Terra ecosystem this month so stay tuned to Twitter.

Not only does SafePal support the ability to swap cryptocurrency assets onto the Terra network, but users can also buy $LUNA directly using fiat from within their SafePal wallet. In the future, SafePal will be integrating the Anchor Protocol pool within SafePal Earn to allow users to further explore the dynamic ecosystem built around the Anchor protocol directly within their SafePal Wallet. 

5 Terra ecosystem projects have been curated by the Terra foundation along with the SafePal team to be presented to the community. Orion MoneyAngel ProtocolDeviant FactionStarTerra, and INK Protocol. Make sure to stay tuned for the upcoming learn and earn events this month to learn more about these excited Terra ecosystem projects. 

About SafePal

Founded in 2018, SafePal is a cryptocurrency wallet that aims to provide a secure and user-friendly crypto management platform for the masses. Being the first hardware wallet portfolio of Binance, SafePal is now serving more than 4.7 million users across the globe. SafePal provides hardware wallet and software wallet product lines, all paired and managed through the SafePal App, where users can easily store, manage, swap, trade, and grow their crypto wealth. SafePal has not only supported 15 languages, 30+ blockchains, 10,000+ tokens, and NFT support, but also integrated with Binance DEX, Binance Spot Trading, and all DApps on Ethererum, Terra, BSC, Solana, Tron, Polygon networks, and many more. 

About Terra

Terra is an application-specific blockchain built on the Cosmos SDK and Tendermint consensus. The Terra protocol deploys a suite of algorithmic, fiat-pegged stablecoins underpinning a thriving DeFi ecosystem like Anchor Protocol. LUNA, the native staking and governance asset of Terra, absorbs the short-term volatility of Terra’s stablecoins, with Terra’s stablecoin (e.g., UST) demand a function of demand for Terra’s DeFi ecosystem — accruing value to LUNA via seigniorage

Disclaimer

Risk Warning

Cryptocurrency investment and using smart contracts are subject to high market risk. Please invest and do your own research cautiously. SafePal will make the best efforts to select high-quality crypto projects for SafePal, but will not be responsible for your investment losses. Appreciate your understanding.

Not Investment Advice

The SafePal GiftBox service offering does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the article’s content as such. SafePal does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Non Endorsement

The appearance of a third party in SafePal GiftBox does not constitute an endorsement, guarantee, warranty, or recommendation by SafePal. Do conduct your own due diligence before deciding to invest in any third-party projects or use any third-party services.