TerraCredit - Decentralized Payment Platform

WHAT IS TERRACREDIT?

Credit is A cryptocurrency that aims to be a decentralized digital payment solution to the worlds unbanked adult population, which is an estimated $50,000,000,000,000.00 (Fifty Trillion Dollars) Market.

Terra has designed Credit (CREDIT) to offer free and fast Blockchain-based payments. Credit employs Proof of Stake which allows any user to become a block producer. Block producers support the network and get rewarded with new coins for doing so, this function replaces traditional mining which is expensive.

TERRA VISSION & MISSION

The Terra Foundation’s ultimate vision is to see Credit become a leading Cryptocurrency in the Crypto-economy. One that is functional, developed, widely used, driven by it's users and adapting to their needs.

We see Credit as a viable replacement to cash and a rewarding option that is attractive to new users. We hope that Credit will be a tool of change in the lives of its users, allowing them access to a new financial system that is better for them.

Terra’s vision extends beyond this Golden age of humanity and thousands of years into the future. We expect that the Credit Blockchain will outlive all of its current users and knowledge of its benefits will be passed down from generation to generation.

Our mission is to develop Credit into a force unto itself, much like Bitcoin is currently. We have identified several traits that we believe a Cryptocurrency needs to not only be successful but to achieve mass adoption. And they are Transparency, Decentralization, Sustainability, Security, Feasibility, User-friendliness Integration.

Credit was born to embody all of the above traits while still having the flexibility to improve and adapt to an ever-changing Financial and Crypto environment.

Another important aspect of the Credit mission and a reason for Credit’s creation is the introduction of Cryptocurrency into the lives of new users.

It’s been proven time and time again that Cryptocurrency is a life-changing catalyst of financial freedom and change in people’s lives and Terra wants to expose as many people as it can to the benefits of using Cryptocurrency in daily life.

One new user is one step closer to a complete Crypto-world, and at Terra we believe that we have the potential to add a substantial amount of mileage toward this goal.

CREDIT USAGE

Credit has been designed as a digital payment platform, a decentralized solution to cash. Credit's most important function is as a medium of exchange to facilitate digital transactions.

In order for Credit to be a medium of exchange, it must be a store of value. If Credit could not be stored over time and still remain valuable, it would not be adopted as a medium of exchange. Credit is stored in wallets and can be staked to support the network and earn new coins as a reward. This ensures that the storage of Credit generates tangible value to the holder over time.

Within the Terra ecosystem Credit will function as a unit of account, providing a common measure of the value of goods and services being exchanged. This will enable both buyer and seller to make decisions about the value of the goods or services on offer.

International payments are instant and have virtually no cost. The transparency of the Credit Blockchain ensures public accountability of all transactions as every coin can be traced to its creation.