LUNC
No. 111Price
Markets
Market | Price | 24H Change | 30D Change | 24H Volume | 24H Value |
|---|
Luna Classic (LUNC) is the token of Terra Classic. Terra Classic is Terra’s original chain which is a blockchain protocol that supports stable programmable payments and open financial infrastructure development. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. Per governance proposal 1623 in May 2022, a new chain will be created and will assume the Terra name. The original chain is still functioning and be re-branded as Terra Classic. The original Cosmos chain will still run, with UST mint/burn function disabled. All balances will remain as they are. Luna will become Luna Classic (LUNC). As an old chain of Terra, Terra Classic is secured using a proof-of-stake consensus algorithm based on Tendermint, in which LUNC token holders stake their tokens as collateral to validate transactions, receiving rewards in proportion to the amount of LUNC staked. LUNC also serves as the fee of gas and taxes to pay for every transaction made on the network.
Terraform Labs
Investing in cryptocurrencies carries market risks and price volatility. Before buying or selling, investors should consider their investment objectives, experience, and risk tolerance. Investments can result in partial or total loss, and investors should determine the investment amount based on the level of loss they can afford. Investors should be aware of the risks associated with crypto assets and seek assistance from financial advisors if in doubt. Additionally, there may still be unforeseen risks. Investors should consider their financial situation with diligence before making any trading decisions. The opinions, news, analysis, etc., provided on this website are market commentary and do not constitute investment advice. The platform is not responsible for any profit losses incurred due to reliance on this information.
The cryptocurrency data displayed on the platform (such as real-time prices) is sourced from third parties and for reference only, no guarantees provided. Trading on the internet comes with risks, including software and hardware failures. The platform does not control the reliability of the internet and is not responsible for any losses resulting from connection failures or other related issues.