About Terra
Terra Classic (LUNC) is a cryptocurrency launched in 2019. Terra Classic has a current supply of 6,499,634,548,601.942143 with 5,441,352,024,215.653534 in circulation. The last known price of Terra Classic is 0.00005843 USD and is up 1.23 over the last 24 hours. It is currently trading on 524 active market(s) with $13,209,979.48 traded over the last 24 hours. More information can be found at
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Market Stats
Market Cap
$318,185,907.32
FDV
Not enough data
Circulating Supply
5,438,334,852,033.888 LUNA
Max Supply
Not enough data
Total Supply
6,499,544,293,399.979 LUNA
Performance
Popularity
Not enough data
Dominance
0.01%
Volume (24H)
$12,159,527.58
0.05%
Volume (7D)
$73,754,405.83
Volume (30D)
$344,082,026.98
All time high
$119.18
Overall Price Change (1Y)
-0.44%
Additional info about Terra
Recent trends
The price of Terra has decreased by 0.28% in the last hour and decreased by 3.18% in the past 24 hours. Terra’s price has also risen by 6.54% in the past week. The current price is $0.000058 per LUNA with a 24-hour trading volume of $12.16M. Currently, Terra is valued at 100.00% below its all time high of $119.18. This all-time high was the highest price paid for Terra since its launch. The current circulating supply of Terra is 5,438,334,852,033.888 LUNA which means that Terra has as total market cap of $318,185,907.32.
Market details
LUNA vs markets
↘ 49.13%
LUNA vs BTC
↘ 55.64%
LUNA vs ETH
↗ 11.54%
Tags
store-of-value
defi
payments
alleged-sec-securities
Network & Addresses
Network | Address | |
|---|---|---|
Cosmos | IBC/0EF15DF2F02480ADE0BB6E85D9EBB5DAEA2836D3860E9F97F9AADE4F57A31AA0 | |
Solana | F6v4wfAdJB8D8p77bMXZgYt8TDKsYxLYxH5AFhUkYx9W | |
Ethereum | 0xbd31EA8212119f94A611FA969881CBa3EA06Fa3d | |
Polygon | 0x9cd6746665D9557e1B9a775819625711d0693439 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000058 | ↘ 3.18% |
1 Day | $0.000060 | ↘ 3.18% |
1 Week | $0.000054 | ↗ 6.54% |
1 Month | $0.000060 | ↘ 2.84% |
1 Year | $0.000104 | ↘ 43.71% |
FAQ
Terra Classic (LUNC) is a rebranded iteration of the original Terra blockchain protocol, which was developed to facilitate stable, global payment systems using fiat-pegged stablecoins. The Terra protocol merges the price stability of fiat currencies with the censorship-resistance of Bitcoin, with the intention to provide swift and affordable settlements. The genesis block of the new chain, Terra (LUNA), was launched in May 2022, and the original Terra chain was rebranded as Terra Classic. The original native token, LUNA, was also renamed as LUNA Classic (LUNC). Terra Classic continues to support stablecoins pegged to various currencies, including the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund's Special Drawing Rights basket of currencies.
Terra Classic operates using a proof-of-stake consensus algorithm based on Tendermint, where LUNA Classic (LUNC) token holders stake their tokens to validate transactions. The primary function of the LUNC token is to absorb the price deviation of the algorithmic stablecoin, UST. The price of the UST stablecoin was pegged to the US dollar by minting and burning UST tokens to balance the supply and demand of the coin. Terra Classic maintains its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It encourages LUNC holders to swap LUNC and stablecoins at varying exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.
Terra Classic strives to provide a platform for stable, global payment systems. Its use of fiat-pegged stablecoins aims to merge the advantages of cryptocurrencies, such as borderless transactions, with the day-to-day price stability of fiat currencies. Terra Classic has established partnerships with various payment platforms, particularly in the Asia-Pacific region, to facilitate purchases made on e-commerce platforms via the Terra blockchain network. Each transaction is subject to a fee charged to the merchant, compensating LUNC stakers for their role in transaction validation.
Terra was conceived in January 2018 by Daniel Shin and Do Kwon, with development beginning the same year. The mainnet officially launched in April 2019. In May 2022, the genesis block of the new chain, Terra (LUNA), was launched, and the original Terra chain was rebranded as Terra Classic. The rebranding was part of a recovery plan following the collapse of UST in the spring of 2022, which was likened to the Ethereum/DAO hack of 2017. The existing chain and token were rebranded as Terra Classic, and new LUNA tokens were distributed to existing holders of LUNA and UST. As of August 2022, the total supply of Terra Classic (LUNC) is 6.9T, with 6.5T LUNC in circulation.
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The current market cap of Terra is $318.19M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Terra is $119.18. This all-time high is highest price paid for Terra since it was launched.
Over the last 24 hours, the trading volume of Terra is $12.16M.
Assets that have a similar market cap to Terra include Ronin, USDD, Trust Wallet Token, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Terra is 5.4 trillion.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Terra news
Trending articles
Social stats
Contributors
0
Posts
0
% About Terra
0.248%
Articles
8
Hold times
0 days
X (Twitter)
0% bullish
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
0 unique individuals are talking about Terra and it is ranked #0 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Terra has an average sentiment score of 0 out of 5. Finally, Terra is becoming less newsworthy, with 8 news articles published about Terra.
On Reddit, Terra was mentioned in 0 Reddit posts and there were 0 comments about Terra. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Terra calculator
1 Terra (LUNA) to Canadian Dollar (CAD)
CA$0.000081
1 Terra (LUNA) to Real (BRL)
R$0.000343
1 Terra (LUNA) to Euro (EUR)
€0.000052
1 Terra (LUNA) to Nigerian Naira (NGN)
NGN 0.0931
1 Terra (LUNA) to Singapore Dollar (SGD)
S$0.000077
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.