This week we're joined by Daniel Shin. He is the Co-Founder of Terra Money and previous CEO and Co-Founder of TMON, one of Korea's largest players e-commerce platforms. Today he talks about his success in that area and how that drove him to enter the cryptocurrency and blockchain space with this new project. Daniel was lead to blockchain when looking for a solution to reduce transaction fees paid by online merchants. Not satisfied with just using an existing stable coin, he set about to make his own, which is how Terra was born. Topics discussed in this episode:Daniel's background with TMON and his need to explore new transaction cost-cutting ideasHow Daniel discovered that cryptocurrencies may help reduce intermediaries in the payment spaceTerra's impressive partnerships with some of Korea's largest e-commerce playersThe stability mechanism and the role of the Luna tokenThe role of miners in Terra and the currency's seigniorage modelComparisons to other stablecoins like Maker DAI and LibraThe contingency plans in the event of a catastrophic plummet in demandHow Cosmos formed the basis on which Terra was builtTerra's business model and product roadmap Links mentioned in this episode: Terra on GitHubTerra white paperIntroducing the new Terra ProtocolUse Cases for Decentralized Money (Stablecoin)Scaling SeigniorageTerra Research ForumTerra TwitterTMON Sponsors: Cosmos: Join the most interoperable ecosystem of connected blockchains This episode is hosted by Sebastien Couture & Friederike Ernst. Show notes and listening options: epicenter.tv/301