Dear Kambria Community, we are pleased to announce a new strategic partnership between Kambria and Terra!
Terra is building a decentralized stablecoin that will power the next-generation payment solution, paving the way for mass adoption of cryptocurrencies. The protocol ensures price-stability by algorithmically expanding and contracting supply and makes a decentralized guarantee of solvency through a collateral token called Luna, which protects Terra from the speculative and regulatory risks other cryptocurrencies are exposed to.
Through our partnership, we will work to implement Terra’s Cross Chain Stability Mechanism to provide a stablecoin solution on the Kambria platform so that decentralized applications (dApps) running on Kambria may provide services more suitable for mass adoption.
“Terra looks forward to working closely with Kambria, the first blockchain platform designed for frontier technology like robotics and AI. A stablecoin solution is necessary for businesses and developers to easily collaborate and offer mainstream applications to end-users. We are excited to provide such a solution to Kambria and collaborate to further drive adoption of blockchain technology,” said Daniel Shin, co-founder of Terra.
“Kambria’s partnership with Terra demonstrates our commitment to building a long-term and stable infrastructure for the expansion of robotics, AI and other frontier technologies,” said Thuc Vu, Kambria’s CEO and Co-founder. “Terra’s technology will be instrumental in our path towards mass adoption and increasing usability for everyday users of our dApps.”
Kambria is an open innovation platform that enables and incentivizes collaborations in R&D, manufacturing, and commercializing of advanced technology. With Kambria, we are changing the dynamics of innovation through collaboration and open source, where developing strong communities is a key component.
Terra is designing a price-stable digital currency that will power the next-generation payment network on the blockchain. Terra partners with an ever-growing alliance of global eCommerce platforms to bring blockchain’s benefits such as low transaction costs to merchants and everyday consumers. By bridging the gap between digital currencies and real-world application, Terra aims to evolve into an open platform for innovative financial dApps and grow the real GDP of the blockchain economy. Founded by a team of business, finance and blockchain experts, Terra has offices in Singapore and Korea. For more information, go to https://terra.money/. Follow us on Telegram @terramoney and visit our blog for regular updates: https://medium.com/terra-money.
If you have any questions about our project or our team, please feel free to contact us via email at firstname.lastname@example.org or to message us through Telegram (links below). We always love hearing from you! And if you are not yet a Kambrian, please join our community to get updated news, and the scoop on our upcoming events.
The Kambria Team
KAT is a token used on the Kambria platform.