Bittime -Terra Classic (LUNC) is a blockchain that rose from the fall of Terra (LUNA) in May 2022. Its community is determined to revitalize the platform with a focus on LUNC, the blockchain's native token. This article discusses LUNC's product, features, and fundamentals, and compares it to its competitors.
What is Terra Classic (LUNC)?
Terra Classic (LUNC) is a Proof-of-Stake blockchain previously known as Terra. The platform experienced the depeg (loss of peg) of the UST stablecoin and the collapse of LUNA (now LUNC) in May 2022. Currently, the Terra Classic community is trying to revitalize the blockchain with a focus on LUNC.
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Terra Classic (LUNC) Key Products & Features
- Proof-of-Stake Blockchain: Enables higher scalability and security.
- Anchor Protocol: A savings platform that offers high interest rates.
- Mirror Protocol: An asset synthetic platform that enables stock and commodity trading on the blockchain.
- Pylon Protocol: A staking platform that allows users to earn rewards by staking LUNC.
What is Terra Classic Token (LUNC)?
LUNC is the Terra Classic blockchain's native token used for:
- Pay transaction fees.
- Participate in network governance.
- Get staking rewards.
- Burning tokens to reduce supply and increase value.
Tokenomic Terra Classic (LUNC)
- Token: LUNC
- Maximum Supply: Unlimited
- Circulating Supply: 6.87 Trillion LUNC
- Burn Mechanism: Burn LUNC to reduce supply and increase value.
Terra Classic (LUNC) Fundamental Analysis
Source: Bittime.com
- Community: A strong and active community committed to revitalizing Terra Classic.
- Technology: Proven blockchain technology with high scalability and security.
- Development: An active team of developers working to improve the Terra Classic platform.
- Utilities: Various products and protocols that provide utilities for LUNC.
Comparison of Terra Classic (LUNC) & Competitors
| Feature | Terra Classic (LUNC) | Cosmos (ATOM) | Polkadot (DOT) |
| Blockchain Types | Proof-of-Stake | Proof-of-Stake | Proof-of-Stake |
| Scalability | Yes | Yes | Yes |
| Security | Audit by CertiK | Audit by Informal Systems | Audit by Web3 Foundation |
| Interoperability | Currently | Cosmos SDK | Substrate |
| Cost | Low | Low | Currently |
Terra Classic (LUNC) Founder & Team
- Do Kwon: Founder of Terraform Labs and creator of Terra Classic.
- Shin Hyun-Seung: CTO of Terraform Labs.
- Nicholas Platias: Chief Research Officer Terraform Labs.
Expert Opinion About Terra Classic (LUNC)
- Hashed: "Terra Classic has the potential to bounce back and become a successful blockchain."
- CoinGecko: "LUNC is a high-risk asset with high profit potential."
- Messari: "The future of Terra Classic depends on the community's success in rebuilding the platform."
Terra Classic (LUNC) Conclusion
Terra Classic is a blockchain that has experienced a dark past, but its community shows strong determination to revitalize the platform. LUNC has the potential to bounce back, but investors should be careful because this asset is high risk.
How to Buy Terra Classic (LUNC) on Bittime
You can buy and sell LUNC tokens in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. LUNC is available on Bittime with LUNC IDR pairing .
To be able to buy LUNC/IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, you can purchase LUNC in the application. Complete Guide on How to Buy LUNC on Bittime.
Monitor price chart movements for Terra Classic (LUNC) , Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
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What is Terra (LUNA): History of the Journey from Terra Classic to Terra 2.0
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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