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Terra Community Passes Spend Proposal 491 To Fund Partnership With OpenOcean

Twitter icon  •  Published 2 वर्ष पहले  •  Hassan Maishera

The Terra team announced via Twitter on Wednesday that its community has passed Spend Proposal 491.

The Terra team announced via Twitter on Wednesday that its community has passed Spend Proposal 491. The proposal was designed to fund Terra’s partnership campaign with OpenOcean, a decentralized exchange aggregator. Terra said the funds will be used for a trading competition to increase awareness of Terra to OpenOcean's 400,000 users and the campaign is expected to launch in two weeks. 

Terra is an algorithmic stablecoin platform operating on a Proof of Stake (PoS) blockchain infrastructure built with Tendermint.

LUNA, the native token of the Terra ecosystem, is up by more than 2% in the last 24 hours and is trading at $95.33 at press time. 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.