LUNC

Terra Luna Classic price

LUNC
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1.6/5
TokenInsight
1.6
01/17/2023
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USD
USD
$0.000099110
-6.76%
1h
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Terra Luna Classic price live data

The current price of Terra Luna Classic is $0.000099110. Since 00:00 UTC, Terra Luna Classic has decreased by -6.76%. It currently has a circulating supply of 5,795,042,713,158 LUNC and a maximum supply of 6,790,924,082,524 LUNC, giving it a fully diluted market cap of $572.43M. At present, Terra Luna Classic holds the 89 position in market cap rankings. The Terra Luna Classic/USD price is updated in real-time.

Terra Luna Classic price performance in USD

Time periodChange amount%Chg
Today-$0.00001 -6.76%
7 days-$0.00002 -16.21%
30 days$0.00000 -3.01%
3 months-$0.00006 -38.23%

Terra Luna Classic market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.000096380
Last price $0.000099110
24h high$0.00010827
Heat index ranking
63
Market cap ranking
89
Market cap
$572.43M
Favorited rate
Percentage of users who favorited this asset to all users
6.35%
All-time high
$0.00059176
-83.26% (-$0.00049)
Sep 8, 2022 (2 years ago)
All-time low
$0.000041410
+139.33% ($0.000057700)
Jun 9, 2022 (2 years ago)
ICO date
07/26/2019
ICO price
The price at which this crypto was first traded
$0.80000
Circulating supply
The amount of this crypto that is publicly available in the market
5,795,042,713,158 LUNC
Market cap at circulating supply
Market cap = Circulating supply × Last price
$670.81M
Audits
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
CertiK
Last audit: 09/04/2020

About Terra Luna Classic (LUNC)

Following the collapse of Terra LUNA (LUNA), its founder, Do Kwon, planned a complete revival of the platform. As part of the recovery plan, a hard fork occurred in late May 2022. The fork resulted in two separate chains – Terra 2.0 as the new chain and Terra Classic (LUNC) as the legacy chain. 

What is Terra Classic

Terra Classic is a decentralized blockchain platform built to provide scalable, efficient, and interoperable solutions within the crypto space. Its native token, LUNC, is the network's backbone, facilitating transactions and interactions within the Terra Classic ecosystem.

The Terra Classic token, LUNC, was introduced in 2018 as the first native token of the Terra blockchain. Since the demise of Terraform Labs, the Terra Classic community has become even more decentralized as it is now undertaken by devoted members instead of a centralized entity.

The Terra Classic team

Prior to its collapse, Terra was led by founder Do Kwon, who was an accomplished blockchain developer and entrepreneur. Following Do Kwon's departure from the Terra team, a new initiative to revitalize Terra Classic is underway. A team of six engineers, who call themselves the “Six Samurais,” is driving this effort, aiming to distance themselves from past concerns and reconstruct the project.

How does Terra Classic work

The Terra network has been divided into two chains as per the new governance plan. Terra Classic (LUNC) will be the old chain, whereas Terra 2.0, which will use LUNA tokens, will be the new chain. The old LUNA will co-exist with Terra 2.0 instead of being completely replaced. As for Terra Classic, it operates using a variety of components that together create a seamless and secure blockchain network. It functions similarly to a blockchain ecosystem that enables smart contracts, decentralized finance (DeFi), and GameFi to thrive. 

Terra Classic’s native token: LUNC

As the native token, LUNC serves multiple functions within the ecosystem, including governance participation, transaction fee payments, and accessing various services and features. 

LUNC tokenomics

LUNC has an uncapped maximum supply, and its current total supply is 6,838,945,094,809 LUNC. 

LUNC use cases

While there are far less DeFi and dApps on the Terra Classic ecosystem today than before, the community still enables a number of use cases for the LUNC cryptocurrency. Within the Terra Classic network, it is being used for smart contracts and DeFi protocols. 

Distribution of LUNC

The initial distribution of LUNC is as follows:

  • 26 percent was allocated to project backers.
  • 20 percent went to employees and contributors.
  • 20 percent to the Terra alliance.
  • 20 percent was allocated to the price stability reserve.
  • 10 percent to Terraform Labs.
  • 4 percent went towards the Genesis Liquidity. 

What the future holds for Terra Classic

Despite the demise of Terra, existing community members remain committed to developing the Terra Classic ecosystem and expanding its functionalities and continue developing innovative solutions that fulfill the demands of both individuals and businesses. With an inclusive and decentralized ethos, Terra Classic is focused on fostering user-friendly applications, forging strategic partnerships, and driving mass adoption.

LUNC FAQ

What is Terra Classic (LUNC)? 

The Terra Classic token, LUNC, was the first native token of the Terra blockchain. It now serves as the native token to the original Terra Classic chain. Although the revival is still under way, the token functions similarly to a blockchain ecosystem that enables smart contracts, decentralized finance (DeFi), and GameFi to thrive.

What’s the difference between Terra 2.0 and Terra Classic? 

Terra Classic and Terra 2.0, while sharing similarities, are distinct platforms. After a network split, Terra Classic operates as the original chain, featuring its native token LUNC, whereas Terra 2.0 is the new chain where LUNA is housed. These chains have unique use cases, with Terra 2.0 designated as the platform for decentralized apps within the Terra ecosystem.

Where can I buy LUNC tokens?

Easily buy LUNC tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include LUNC/USDT and LUNC/USDC.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for LUNC with zero fees and no price slippage by using OKX Convert.

How much is Terra Luna Classic worth today?
Currently, one Terra Luna Classic is worth $0.000099110. For answers and insight into Terra Luna Classic's price action, you're in the right place. Explore the latest Terra Luna Classic charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Terra Luna Classic, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Terra Luna Classic have been created as well.
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1 LUNC ≈ $0.000099110
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