$LUNC 📈

Terra Classic is an algorithmic stablecoin platform, operating on a Proof of Stake (PoS) blockchain infrastructure built with Tendermint. It is home to the algorithmic stablecoin TerraClassicUSD (USTC). After the USTC depeg in May 2022, the community behind Terra Classic decided to create a new blockchain without algorithmic stablecoins called Terra 2.0. The new LUNA tokens were sent to the old users who were affected by the depeg event.