Terra Classic

Terra Classic PriceLUNC

Rank #188

$0.00004107

+44.66%

About Terra Classic (LUNC)

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terra-classic.money

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Terra Classic (LUNC) is a decentralized algorithmic stablecoin platform built on a Proof-of-Stake (PoS) framework powered by Tendermint consensus. Initially developed to support the issuance of Terra stablecoins and maintain their price stability, the platform uses its native token, LUNC, to govern network decisions, secure the ecosystem, and support a robust price-stabilization mechanism. LUNC plays a key role in Terra Classic’s decentralized network by facilitating the exchange and collateralization of stablecoins, enabling the platform to provide reliable and scalable decentralized payment solutions. The network incentivizes validators through transaction fees and seigniorage rewards, helping maintain network security and stability across economic cycles. Originally envisioned to bridge blockchain technology with practical payment solutions, Terra Classic has built partnerships across global e-commerce, aiming to deliver the cost benefits of decentralized finance to both merchants and consumers. Its mission is to empower an open and innovative ecosystem for decentralized applications (dApps) while advancing the broader adoption of blockchain-based payments. The price-stability model of Terra Classic relies on user-driven arbitrage mechanisms. For instance, if the price of TerraKRW (the Korean won-pegged stablecoin) falls below its target peg, traders can buy TerraKRW at a discount and exchange it for LUNC, helping restore its price equilibrium. Similarly, if TerraKRW rises above its peg, traders can swap LUNC to mint more TerraKRW and sell it for profit, incentivizing price alignment. Terra Classic continues to evolve with the support of its global community, working to ensure the long-term resilience and sustainability of its decentralized financial ecosystem.

Terra Classic (LUNC) Price Trends

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24H High$0.00004217
24H Low$0.00002825
24H Volume$2.36M
Market Cap
$228.89M
All-Time High(ATH)$0.000595
Circulating Supply
5.48T LUNC
All-Time Low(ATL)$0.000005
Total Supply
6.48T LUNC
Market Cap/FDV
84.56%
Max Supply
Fully Diluted Valuation
$270.43M
Market SentimentPositive

Live Terra Classic (LUNC) Price Update

Terra Classic price today is $0.00004107 with a 24-hour trading volume of $2.36M, and as such Terra Classic has a market cap of $228.89M, giving it a market dominance of 0.014%. The Terra Classic price moved +44.66% in the last 24 hours.

Time period
Change amount
% Change
1H+$0.000004628+12.70%
24H+$0.00001267+44.66%
7D+$0.00001238+43.19%
30D+$0.000004439+12.12%
1Y-$0.0001203-74.56%

Credibility Indicators

49.88
Reliability Score
PercentileBTM 10%

Popular LUNC Exchanges

Team Members

Do Kwon
Do KwonCo-Founder
Daniel Shin
Daniel ShinCo-Founder
Chris Amani
Chris AmaniCEO
Eduardo Alves
Eduardo AlvesChief Architect

Investors

Coinbase VenturesCoinbase Ventures
Binance LabsBinance Labs
GalaxyGalaxy
Arrington XRP CapitalArrington XRP Capital
1kx1kx
DeFiance CapitalDeFiance Capital
FBG CapitalFBG Capital
GSR VenturesGSR Ventures

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