Is there a way to earn rewards for holding or using Terra coins?
Yes, there is a way to earn rewards for holding or using Terra coins.
The Terra project has a two-tiered reward system that incentivizes users to hold and use the coin. The first tier of rewards is called the Staking Rewards Program. This program rewards users who stake their coins in the Terra blockchain by providing them with additional coins.
The amount of rewards depends on the amount of coins staked and the length of time they are staked for. The second tier of rewards is called the Transaction Rewards Program. This program rewards users who use their coins to make transactions on the Terra blockchain by providing them with additional coins.
The amount of rewards depends on the amount of transactions made and the size of each transaction. Overall, these two reward programs provide an incentive for users to hold and use their Terra coins, thus increasing demand for the coin and helping to drive its value up over time.
