About Terra
Terra Classic (LUNC) is a cryptocurrency launched in 2019. Terra Classic has a current supply of 6,496,874,561,775.257958 with 5,466,664,797,376.163382 in circulation. The last known price of Terra Classic is 0.0000589 USD and is up 0.15 over the last 24 hours. It is currently trading on 527 active market(s) with $12,139,678.03 traded over the last 24 hours. More information can be found at
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Trading Insights
Searched
88
Market Stats
Market Cap
$321.15M
FDV
$381.64M
Circ. Supply
5.5T LUNA
Max Supply
Not enough data
Total Supply
6.5T LUNA
Performance
Popularity
Not enough data
Dominance
0.01%
Volume (24H)
$13.27M
21.13%
Volume (7D)
$84.15M
Volume (30D)
$314.16M
All time high
$119.18
Price Change (1Y)
-43.87%
Additional info about Terra
Recent trends
The latest LUNA price is $0.000059. Compared to Terra's value of $0.00 from 24 hours ago, there's been a 3% increase, while the current price is 3% up from $0.00 which was recorded one week ago. Terra's all time high is $119.18, which was reached on April 5, 2022. This is a -100% change from its price today.
The market cap is currently $321.15M, which is a result of multiplying the current price of Terra($0.00) by the total supply(6,496,738,818,764 LUNA). The fully diluted valuation of Terra is $381.64M. The diluted valuation of Terra is $381.64M.
Market details
LUNA vs markets
↘ 55.8%
LUNA vs BTC
↘ 62.77%
LUNA vs ETH
↘ 16.52%
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 | $0.000059 | ↗ 3.14% |
1 Day | $0.000057 | ↗ 3.14% |
1 Week | $0.000057 | ↗ 2.59% |
1 Month | $0.000058 | ↗ 0.02% |
1 Year | $0.000104 | ↘ 43.87% |
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.
We update our Terra to USD currency in real-time. Get the live price of Terra on Coinbase.
The current market cap of Terra is $321.15M. 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 $13.27M.
Assets that have a similar market cap to Terra include Mog Coin, FTX Token, Gnosis, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Terra is 5.5 trillion.
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Terra news
Trending articles
Terra calculator
1 Terra (LUNA) to Canadian Dollar (CAD)
CA$0.000080
1 Terra (LUNA) to Real (BRL)
R$0.000326
1 Terra (LUNA) to Euro (EUR)
€0.000051
1 Terra (LUNA) to Nigerian Naira (NGN)
NGN 0.0912
1 Terra (LUNA) to Singapore Dollar (SGD)
S$0.000075
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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.
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