LUNC Terra Classic
Source: LUNCUSD Chart by TradingView
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund’s Special Drawing Rights basket of currencies — and it intends to roll out additional options.
Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.
CryptoSlate Daily wMarket Update – Sept. 26: Terra Classic fights back posting 50% gains
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
Binance will not apply Terra Classic tax burn to spot trade on exchange
Terra Luna Classic will add a 1.2% tax on all on-chain transactions but Binance will not apply the tax to spot or margin trades
CryptoSlate Wrapped Daily: Coinbase bankrolls Tornado Cash users’ lawsuit; Terra Classic makes 1,900% comeback led by community
Ethereum might be subject to taxation if a hard fork occurs after the merge; Coinbase to finance the lawsuit against the U.S. Treasury Department over Tornado Cash sanctions and much more in this edition of CryptoSlate Wrapped Daily.
Community-led Terra Classic (LUNC) now worth 12x more than Do Kwon-led Terra LUNA
Terra Classic's come back is made all the more evident as recent price spikes now place it 26th biggest project by market cap.
Head of Research
Head of Business
All images, branding and wording is copyright of Terra Classic. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.