# What is Terra Land?

The Terra Land project is a **global transactional platform** **designed for selling either entire real properties or in parts, utilising blockchain technology**.

Terra Land facilitates fractional real estate utilizing **Terra blockchain** and the TerraUSD **(UST) stablecoin**. This allows using crypto coins that near-perfectly shadow the US Dollar, while remaining entirely on the blockchain.

Every transaction gets recorded on the blockchain, and can be verified by anyone interested. For this purpose we utilise smart contracts which create a trustless environment where the reliability of a party is not relevant to the safety of every transaction it facilitates.

In June 2020, the project was favorably reviewed by VC Impera Alfa Fund, which resulted in obtaining a grant from the National Center for Research and Development (European Union Grant) for launching the MVP platform.



