$#LUNC🔥 what is the LUNC ???

Terra Classic (LUNC) coin, which is the original blockchain and token of Terra, has been through some interesting developments. Let’s dive into the details:

Price and Market Cap:

The current price of Terra Classic is approximately $0.0001425 USDAd1.

Its 24-hour trading volume stands at a whopping $70,918,431.72 USDAd1.

Background:

Terra Classic is part of the Terra ecosystem, a protocol that utilizes fiat-pegged stablecoins for global payments.

It was affected by the UST depeg and crash in 2022, which led to some significant changesAd

Use Case:

LUNC serves as the cryptocurrency powering operations on the Terra Luna blockchain network.

It is mainly used as a payment platform and supports decentralized applications

Rebranding and History:

Originally known as LUNA, it was the native token of the original Terra blockchain launched in 2018.

After the collapse of the blockchain’s algorithmic stablecoin, TerraUSD (UST), in May 2022, the community voted to create a new blockchain, resulting in the rebranding to Terra Classic (LUNC)

In summary, Terra Classic has weathered challenges and continues to play a role in the evolving landscape of blockchain and stablecoin technologies4. 🚀

$LUNC