What is Terran Coin (TRR)?
Terran Coin is the native token of Terran, which is an NFT minting platform and marketplace. The platform is specifically tailored to meet the needs of projects that are looking for more cost-effective NFTs. With its Dual Delegated Proof-of-Stake (DDPoS) protocol, it's capable of processing up to 300,000 transactions per second (TPS). Furthermore, all NFTs minted on Terran Chain conform to the NSTA_602 standard, which has improved scalability and security.
Terran's purpose is to expand the concept of NFTs so that individuals, not just companies, can benefit from it. The objective is to make it easier for people who are unfamiliar with blockchain technology to get involved with NFTs. To this end, Terran strives to be a premier platform for minting and trading NFTs.
The TRR crypto asset is the native utility token of the Terran Chain. The latter is a network on which Terran runs. Though the TRR token also exists on Ethereum and BSC networks. On the live Terran Coin price chart above, you can find the latest TRR price.
Use Cases of TRR Tokens
The TRR coin is primarily used for covering gas and minting fees.
Besides that, in order to mint NFTs using the NSTA_602 NFT token standard, users must have a certain TRR balance in their wallets.
Also, with an eye toward making Terran Chain fully autonomous in the future, it is planned to make TRR a governance asset that will allow community members to take part in important decisions. Additionally, TRR will also be used as a fee for the development and implementation of smart contracts.
Don't forget to check the Terran Coin price chart. Since it features the current and the previous TRR price, it's great for making a thorough price analysis.
Who Founded Terran Coin?
Andrey Y.Tsygankov is the founder of Terran Coin. He monitors Terran's operations and works to develop novel, disruptive approaches to the project as a business prospect research expert.
Andrey is joined by Sergei Kuratov, who serves as Terran's Chief Technology Officer (CTO) and oversees blockchain development. With over two decades of IT experience in project management and e-commerce, Kuratov works diligently to create top-notch blockchain solutions for the company.
Moreover, Abhishek Majumdar acts as the Chief Marketing Officer and Blockchain Advisor with expertise in consulting. He concentrates on finding innovative ways for long-term success while developing strategies for accelerating Terran’s marketing plan.
TRR Tokenomics
The max supply of TRR tokens is 10 billion. The distribution plan of these tokens has not been made publicly available. The fixed supply means that no more tokens will be minted in the future. This means that the token will become more scarce, which might increase the TRR price.
