How to download Terra Station Wallet on Desktop

 


The Terra protocol is the leading decentralized and open-source public blockchain protocol for algorithmic stablecoins. Using a combination of open market arbitrage incentives and decentralized Oracle voting, the Terra protocol creates stablecoins that consistently track the price of any fiat currency. Users can spend, save, trade, or exchange Terra stablecoins instantly, all on the Terra blockchain. Luna provides its holders with staking rewards and governance power. The Terra ecosystem is a quickly expanding network of decentralized applications, creating a stable demand for Terra and increasing the price of Luna.

Terra and Luna
The protocol consists of two main tokens, Terra and Luna.

Terra: Stablecoins that track the price of fiat currencies. Users mint new Terra by burning Luna. Stablecoins are named for their fiat counterparts. For example, the base Terra stablecoin tracks the price of the IMF’s SDR, named TerraSDR, or SDT. Other stablecoin denominations include TerraUSD or UST, and TerraKRW or KRT. All Terra denominations exist in the same pool.

Luna: The Terra protocol’s native staking token that absorbs the price volatility of Terra. Luna is used for governance and in mining. Users stake Luna to validators who record and verify transactions on the blockchain in exchange for rewards from transaction fees. The more Terra is used, the more Luna is worth.


How to download Terra Station on Desktop

This tutorial walks you through the process of using Terra Station, the official desktop wallet for Terra.

Install Terra Station

1.  Click the Terra Station download link for your operating system:
2.  Open the downloaded file and follow the instructions.

Create Wallet
  1. Open the Terra Station desktop app and click Connect.
  2. Click New Wallet.

3.  Type in a secure wallet name and password.
4.  Confirm your password. 
5. Using pen and paper, write down your 24-word seed phrase exactly as it appears. Number each word to make verifying easier.


❕❕❕Anyone with your seed phrase can access your money, and there is no recourse for someone stealing your seed phrase. To protect your seed phrase, consider the following tips:
  • Never save or store your seed phrase as a digital file on any device.
  • Always write down your seed phrase with a pen and paper.
  • Store the paper with your seed phrase on it somewhere safe.
  • Never give your seed phrase to anyone, not even support staff.

6.  Verify your writing to make sure every word is spelled correctly and in the right order. If you numbered your phrase, it can be helpful to verify it backward.

7.  Check the box ensuring you wrote down your seed phrase, and click Submit.

8.  Confirm your seed phrase by typing or selecting the correct words in each prompt.


9.  Click Submit


Congratulations! You have just created a Terra Station wallet.

How to receive the token from Exchange, How to Swap, How to Stake and Withdraw, and How to Send, will be posted in the next days.


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