#Terra Classic (LUNC)
LUNC
POS
LAYER 1
Currency stability USTC = AME DOLLAR; increases or decreases lunc circulation to maintain this parity.
There was a compromise in 2022, which shook confidence in its ecosystem when it was still using the LUNA and UST tokens. After the Fork it changed to LUNC and USTC.
Currently (December 2023) the price of USTC/USD is at 0.3, which means that Terra Classic will have to issue a lot of LUNC to generate buying demand and stimulate an increase in the price of USTC until it is worth 1 USD. Which will cause a massive drop in the prices of the LUNC asset.
Sorry for any mistakes, I was writing in a hurry!
Thank you for reading this far.
Special thanks to these people who share their vast knowledge, I learned much more from them:
@Learn_With_Fullo @Up Chain - Crypto Analytics @koinmilyoner @spidoo
