- LUNA serves as a governance token and allows users to have a share in shaping the future of the protocol. Completely decentralised as 1 TERRA equals 1 vote.
- Evenly distributed tokens
- Only the top 130 holders are allowed to work as validators leading to centralisation in some aspects.
📝Source Code – 🏠Website – 📈Chart 📱 Twitter
Terra Luna Classic (LUNC) in a nutshell
Terra Classic is rebranded form the Terra ChainTerra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable systems for global payment. According to the white paper of Terra, it combines the wide adoption of fiat currencies and price stability with the censorship resistance of Bitcoin (BTC) and offers affordable and fast settlements. Read more on Terra here.
Tokenomics
The tokenomics of Terra Luna Classic go along with the original Terra
The distribution mechanism is explained below:
Sale: 20%
Terraform Labs: 10%
Team employees: 20%
Terra Alliance: 20%
Institutional Investors: 26%
Liquidity: 4%
Terra Luna Classic FAQ?
What is the difference between LUNC and LUNA?
Terra Ecosystem Revival Plan 2 was approved on May 28th, 2022, and with it, Terra's old network was forked and a new blockchain was created. This new network took on the name of the older token, Luna (LUNA), which is now known as Luna Classic.
Can Terra Classic hit $0,0005?
Potentially, yes. With the current market cap at valued $2,407,117,294 and the value of the token at $0,0003913 the token market cap would have to reach.Terra is a well-known brand and upon further investigation Terra Classic has potential to reach value of $3,075,795,162 to reach $0,0005. Remeber to DYOR!
