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Terra Luna Classic

LUNC

Rank #115
$ 0.0001224
+ 0.67%
24H Low$0.0001172
24H High$0.0001261
24H Volume
58.65M
All-Time High(ATH)
$119.18
All-Time Low(ATL)
$0.0000010000
Market Cap
706.53M
Fully Diluted Valuation
832.81M
Market Cap/FDV
0.8484
Circulating Supply
5775.92B LUNC
Total Supply
6808.28B LUNC
Max Supply
Market Sentiment
--
* Data from 3rd parties

Terra Luna Classic (LUNC) Price Trends

Time period
Change amount
% Change
1H
$ 0.0000002902
0.24%
24H
$ 0.0000008210
0.67%
7D
$ 0.000004487
3.66%
14D
$ 0.00001438
11.74%
30D
$ 0.00003020
24.66%
1Y
$ -0.00003103
-25.34%

Live Terra Luna Classic (LUNC) Price Update

Terra Luna Classic price today is $0.0001224 with a 24-hour trading volume of 58.65M, and as such Terra Luna Classic has a market cap of 706.53M, giving it a market dominance of 0.03%. The Terra Luna Classic price moved 0.6705% in the last 24 hours.

Terra Luna Classic reached its highest price on 2022-04-05 when it was trading at its all-time high of $119.18, while its lowest price was recorded on 2022-05-13 when it was trading at its all-time low of $0.0000010000. The current lowest price since the last cycle high was $0.0000010000, and the highest price since the last cycle low was $119.18. The social sentiment of Terra Luna Classic is currently Positive.

The current circulating supply of Terra Luna Classic is 5775.92B LUNC. In terms of market cap, Terra Luna Classic is currently ranked 115.

About Terra Luna Classic (LUNC)

Terra was founded in January 2018 by Daniel Shin and Do Kwon. This open-source blockchain hosts a companion decentralized application (dApp) ecosystem and top-of-the-line development tools designed to make its stablecoin available to every developer on every blockchain.

Terra Classic is the original chain of Terra. Due to the impact of decoupling from its pegged asset, LUNA was previously renamed LUNA Classic (LUNC). The Terra protocol uses stablecoins linked to fiat currencies to power a price-stable global payment system and achieves an instant settlement and low-cost services such as fees and seamless cross-border transactions.

Currently, LUNC is officially called Terra 2.0. The community and developers are still enthusiastic. Terra ecosystem is thriving in order to achieve the goal of making it "the new Terra blockchain which is one of the most decentralized blockchains ever created".


How LUNC works

Terra blockchain uses proof-of-stake consensus and technologies such as Mantlemint, Terrain, and Terra Station to provide users with a DeFi experience. As a permissionless, borderless economy, Terra makes the next generation of financial products accessible to anyone with an internet connection.

Terra Protocol is a decentralized public blockchain governed by community members. Allowing users and validators to make changes to the Terra protocol requires only community members to submit, vote, and implement proposals.

Miners (i.e. validators of the Terra blockchain) are responsible for securing the Terra blockchain and ensuring its accuracy. They propose blocks, vote on their validity, and add each new block to the chain in exchange for staking rewards for transaction fees. However, if a block is rejected, a new proposer is chosen and the process starts. Until accepted, the block is signed and added to the chain.

The validator has a copy of all transactions on the chain for the record so that they can be compared in multiple proposed transaction blocks. However, the validators exist independently in the network, so when performing consensus voting, any wrong block is unacceptable, and in this way, validators protect the integrity of the Terra blockchain and ensure the validity of every transaction.


What is LUNC?

The predecessor of LUNC, LUNA coin, is the mining coin of the TerraDPoS blockchain. The full name is Terra Luna. Released on July 26, 2019, the total supply is 1,000,000,000 LUNA. But after the impact of the decoupling event extended, Terra Classic users passed governance proposal 1623 on May 25, 2022, which outlines the origins of the new Terra chain. The proposal also describes a genesis distribution for Terra Luna Classic (LUNC), which will be airdropped to users of the Terra Classic chain based on pre-depeg and post-depeg snapshots. On May 27th, the phoenix-1Terra mainnet was launched, officially opening a new era of Terra community growth and the airdrop of new tokens.

LUNC is a monetary protocol that ensures price stability by algorithmically expanding and contracting supply. Terra believes that this new financial infrastructure for decentralized applications can well address the huge hurdles of cryptocurrency price volatility, thereby transforming the financial landscape and enabling mass adoption of the crypto market.


LUNC Crypto Wallet

In addition to placing LUNA in the Gate.io exchange for easy trading, users can also save LUNC in a crypto wallet.

Terra Station is the official wallet of the Terra blockchain. It uses multi-signature. Investors can use it to buy tokens from, or withdraw from, Terra-backed exchanges, and in their wallets, they can also stake Luna to validators to start earning rewards. Terra Station integrates mobile applications and Chrome browser extensions, which can be supported in multiple scenarios.

Moreover, investors can also use the Chrome browser to connect the Terra Station wallet to the Keplr wallet and use tokens like LUNC and LUNA on the Keplr wallet.

FAQs

1. What determines the price movement of Terra Luna Classic?

There are two schools of thought in determining the price of Terra Luna Classic.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Terra Luna Classic, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Terra Luna Classic from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Terra Luna Classic on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Terra Luna Classic as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Terra Luna Classic and the cryptocurrency market as a whole.

Terra Luna Classic (LUNC) News

Terra Luna Classic (LUNC) Announcements

Gate.io Supports Upcoming Terra Luna Classic (LUNC)Upgrade

According to the Terra Luna Classic LUNC team, an upgrade to Terra Luna Classic is scheduled on block height 15493370, approximately on November 20, 2023 09:00:00 UTC. This update incorporates the newly introduced dyncomm module, integrating protocol logic for determining minimum validator commissi...
readings: 7956Posted:

Gate.io Supports Upcoming Terra Luna Classic( LUNC) Upgrade

According to the Terra Luna Classic_ LUNC_ team, a Terra Luna Classic mainnet upgrade will be activated at block height 13,215,800, estimated on June 14, 2023, 13:00 UTC.
readings: 12799Posted:

Gate.io Updates Regarding 0.5% Tax on LUNC and USTC Deposits & Withdrawals

According to the Terra Classic Proposal 11515, the burn tax on LUNC and USTC on-chain transactions is going to increase from 0.2% to 0.5% starting approximate 23 May, 10: 00 PM UTC. Gate.io will implement the proposed new 0.5% tax on LUNC and USTC deposits and withdrawals when the on-chain parameter...
readings: 15639Posted:

Gate.io Supports Upcoming Terra Luna Classic( LUNC) Upgrade

According to the Terra Luna Classic_ LUNC_ team, a Terra Luna Classic mainnet upgrade will be activated at block height 12,815,210, estimated on May 17, 2023, 14:00 UTC. Gate.io supports this upgrade and will suspend Terra classic tokens_e.g. LUNC, USTC_ deposits and withdrawals during the process....
readings: 18649Posted:

Gate. io Has Completed the Second Round LUNA Distribution to LUNC and USTC Holders

Gate.io has now completed the second round of LUNA2.0 _LUNA_ airdrop to eligible LUNC and USTC users. You can now log in your account to view tokens you have received.We will continue to distribute remaining LUNA airdrop monthly around 25th of every month until all is distributed.
readings: 28916Posted:

Gate.io Updates Regarding 1.2% Tax on LUNC and USTC Deposits & Withdrawals

According to the Terra Classic’s Proposal, the 1.2% tax on LUNC and USTC on-chain transactions is expected to go live on the Terra Classic height 9,475,200 (around September 21, 2022 at 06:00 UTC). Gate.io will implement the proposed 1.2% tax on LUNC and USTC deposits and withdrawals when the on-c...
readings: 81024Posted:
Date
Market Cap
Volume
Open
Close
2024-02-28
$77.21M$757.01M$0.0001312N/A
2024-02-27
$62.96M$745.35M$0.0001291$0.0001312
2024-02-26
$89.22M$758.97M$0.0001315$0.0001291
2024-02-25
$29.33M$713.78M$0.0001236$0.0001315
2024-02-24
$32.45M$699.22M$0.0001209$0.0001236
2024-02-23
$35.22M$703.21M$0.0001218$0.0001209
2024-02-22
$58.77M$707.55M$0.0001225$0.0001218