What Is Terra World Token (TWD)?

Terra World is the first NFT metaverse that provides a distinct remote work environment for business. Metaverse is a transcendent virtual space that allows users to interact with blockchain technology and cryptocurrency. Terra World is designed in a way that attracts workers, startup founders, and people who seek low-risk investments. According to its whitepaper, Terra World is a gamified metaverse wherein users can create individual characters to perform various activities within the ecosystem. Messenger service allows community members to launch airdrop events and sponsorships easily. The accounts are created using the Terra chain wallet in the Terra ecosystem.

Terra World runs on the Terra blockchain. Terra blockchain operates with various currencies and functions, like the cryptocurrency Luna, Terra's stable currency, and different DeFi apps. Terra seeks to provide high speed and low fees by adopting DPOS. Delegated Proof of Stake features a voting and delegation mechanism that makes blockchain networks more efficient. Terra World aims to use the Terra blockchain in providing a transparent payment and reward system, concluding in a revolutionary metaverse for work.

The growing change in work patterns of adopting remote work, combined with increased digitized telecommunication, has increased the success of the metaverse world. Terra Office has turned out as an advantage here as it allows a team to work efficiently without the pressure of paying office rent. The aim is to enable anyone to start a business regardless of the individual’s background, age, or capital.

Furthermore, these offices can be redecorated and customized using the TWD token. TWD is the governance utility token of Terra World. TWD can be used for transactions like NFT sales, payroll contracts, and office functions within the metaverse. According to the vesting schedule, when a work contract is made, the staked TWD tokens are locked-up and paid to the job seekers. TWD tokens simplify wage and salary contracts between job seekers and office owners.

As per its whitepaper, Terra World can expand to include real estate purchases in the metaverse using NFTs.

History of Terra World Token (TWD)

The total supply of Terra World tokens is 2,500,000,000 TWD; the distribution is as follows:

• Investors 30.8 percent

• UST-TWD LP Reward 5 percent

• Community Marketing 10 percent

• Luna Staker Reward 5 percent

• Metaverse Reward 18 percent

• TWD Stake Reward 1 percent

• MINE Stake Reward 1.2 percent

• Team and Employees 20 percent

• Treasury 8 percent

• Adviser 1 percent