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Terra Classic Price
Terra Classic price

Terra Classic Price(LUNC)

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LUNC
1 LUNC =
USD $0.000109
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Last updated 2024/04/13 11:11 (UTC)
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1.99%
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0.1%
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$ 0.000109
-16.11%
1D
Page last updated: 2024-04-13 11:11 (UTC+0)
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Price of LUNC today

The live price of Terra Classic is $ 0.000109 per (LUNC / USD) with a current market cap of $ 632.83M USD. 24-hour trading volume is $ 86.42M USD. LUNC to USD price is updated in real-time. Terra Classic is -16.11% in the last 24 hours with a circulating supply of 5,826.27B.
LUNC Price History USD
Date ComparisonAmount Change% Change
Today$ -0.000021-16.11%
30 Days$ -0.000072-39.99%
60 Days$ -0.000008-6.91%
90 Days$ -0.000013-10.81%

LUNC Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.000092
High: $ 0.00013
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 119.18
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
+1.89%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
-16.11%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-18.57%
The percent change in trading volume for this asset compared to 7 days ago.

LUNC Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#120
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 632.83M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 86.42M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
5,826.27B
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
$ 738.28M
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

About Terra Classic (LUNC)

In early 2018, Terraform Labs launched the Terra blockchain ecosystem with a vision of decentralized finance powered by fiat-backed stablecoins. The native token, LUNA, played a crucial role in maintaining the peg of the TerraUSD (UST) stablecoin.

Terra Labs, backed by the Terraform Alliance, gained early traction due to its focus on fast, secure, and affordable transactions. The LUNA token rose quickly in value and Terra became a top ten cryptocurrency.

At the heart of Terra's ecosystem lay LUNA, tasked with maintaining the delicate balance of TerraUSD (UST), the algorithmic stablecoin designed to mimic the US dollar. LUNA's role was to absorb price fluctuations through minting and burning mechanisms, ensuring UST stayed tethered to its peg. This intricate structure worked for a time, propelling Terra towards mainstream adoption.

May 2022 proved to be a watershed moment. A series of external factors triggered a catastrophic de-pegging of UST, its value plummeting from its dollar anchor. In a desperate attempt to maintain the peg, the UST algorithm went into overdrive, generating trillions of LUNA tokens in a futile effort to stabilize the situation. This hyper-inflationary spiral proved too much, causing LUNA's value to crash by 99%, sending shockwaves through the entire Terra ecosystem.

The collapse saw the launch of a new blockchain, Terra (LUNA), marking a new direction for the ecosystem. The original Terra chain was renamed Terra Classic, and its LUNA token became LUNA Classic (LUNC).  

LUNC's primary function was managing UST's peg. Despite the UST collapse, Terra Classic (LUNC) maintains its own blockchain and community.  

Terra Classic price is updated and available in real-time on Binance.

People Also Ask: Other Questions About Terra Classic

  1. What is LUNC Used For?

    LUNC is the cryptocurrency used to power operations on the Terra Luna blockchain network, used mainly as a payment platform and decentralized applications host.

  2. How Does Network Consensus And Validation Work On Terra Classic?

    Terra Classic utilizes the Proof-of-Stake (PoS) consensus model. Specifically, the Tendermint consensus model is the type of PoS consensus used by the Terra Classic blockchain network, made available by the Cosmos SDK used by Terra Classic to develop its blockchain network. In the model, validators are selected who propose new blocks voted on twice before acceptance.

  3. Who Is The Terra Classic Founder?

    Terra Classic was founded by co-founders Do Kwon and Daniel Shin. Do Kwon founded a wireless mesh network start-up prior to co-founding Terra, while Daniel Shin experienced success in playing a leading role in developing one of the largest e-commerce platforms in Asia.  

  4. What Is the Maximum Token Supply of LUNC?

    There is no maximum supply of Terra Classic, LUNC. At the time of writing, the total circulating supply of LUNC is 5,810,074,633,074.

  5. How To Buy Terra Classic (LUNC)?

     Terra Classic (LUNC) can be purchased directly from Binance by using a debit or credit card. Terra Classic (LUNC) can also be traded for other cryptocurrencies on Binance. Live Terra Classic price is updated in real-time on Binance. LUNC price and purchase information is available for users to read on our How to Buy Terra Classic (LUNC) guide.

LUNC to Local Currency

FiatPriceOperation
1 LUNC to TRY$ 0.000109
1 LUNC to RUB$ 0.000109
1 LUNC to EUR$ 0.000109
1 LUNC to AED$ 0.000109
1 LUNC to AUD$ 0.000109
1 LUNC to BRL$ 0.000109
1 LUNC to VND$ 0.000109
1 LUNC to IDR$ 0.000109
Last updated 2024/04/13 11:11 (UTC)

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