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Author Topic: What is Luna Classic (LUNC)  (Read 486 times)

Gaa7829

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What is Luna Classic (LUNC)
« on: July 07, 2022, 04:07:22 PM »
Luna Classic or LUNC is a native asset of the Terra Classic blockchain, originally called LUNA. The collapse of LUNA and UST in May 2022 caused a hard fork of Terra, renaming this token from LUNA to Luna Classic (LUNC). Trade LUNC with mexc.com. The token name "LUNA" actually refers to LUNA 2.0, a native asset of the new TerraLuna blockchain created to save the collapse.

In short, due to the hard fork, Terra is now running two parallel blockchains:

The original Terra blockchain, also known as the Terra Classic blockchain, with its native asset Luna Classic (LUNC), and its twin coin TerraClassicUSD (USTC). Trade LUNC with mexc.com.
The new Terra blockchain, with its native asset Luna 2.0 (LUNA).

LUNC Use cases
LUNC is the native token of the Terra Classic blockchain, and users can use the token to:

Stake to earn rewards from transaction fees.
Participate in treasury governance, proposals and voting.
Pay fees for transactions and data storage.

How to buy LUNC?
You can buy LUNC on MEXC(mexc.com) following the steps:

1. Log in to your MEXC account and click [Trade]. Click on [Spot].

2. Search “LUNC” using the search bar to see the available trading pairs. Take LUNC/USDT as an example.

3. Scroll down and go to the [Spot] box. Enter the amount of LUNC you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy LUNC] to confirm your order. You will find the purchased LUNC in your Spot Wallet.

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What is Luna Classic (LUNC)
« on: July 07, 2022, 04:07:22 PM »


smart_oa

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Re: What is Luna Classic (LUNC)
« Reply #1 on: July 07, 2022, 05:57:38 PM »
LUNC is many people's broken dream. It is many people's last breath and drowning of their life savings. What they did was totally wrong and destroyed many families and friends. The founder of LUNC should be imprisoned and punished. I hope that man with face justice on the face of earth one day after what he did.

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Re: What is Luna Classic (LUNC)
« Reply #1 on: July 07, 2022, 05:57:38 PM »
:)

silkytakyaan86

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Re: What is Luna Classic (LUNC)
« Reply #2 on: July 07, 2022, 06:42:04 PM »
Luna I can't forget it at all. And like me there are many investors who had invested in it. After the destruction of Luna, we are given LUNC token from the side of the team in return for it. Kher, now the broken hope from Luna is from LUNC .

ItsCrafty

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Re: What is Luna Classic (LUNC)
« Reply #3 on: July 07, 2022, 07:12:21 PM »
Luna classic is a coin firstly there name is luna its a very great coin but suddenly they down its very strong project .
Many people invest there money in this project and the project suddenly down many people have got huge amount of loss in there community change the name of luna to lunc .
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Pacar Tiri

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Re: What is Luna Classic (LUNC)
« Reply #4 on: July 11, 2022, 01:13:14 AM »
Luna classic is a coin firstly there name is luna its a very great coin but suddenly they down its very strong project .
Many people invest there money in this project and the project suddenly down many people have got huge amount of loss in there community change the name of luna to lunc .

Yep, I still hold my Luna classic.
I think this coin has good fundamental and will have great future.
So better to hold, until recover again.
Good luck.

Freemind

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Re: What is Luna Classic (LUNC)
« Reply #5 on: July 12, 2022, 06:19:13 PM »
Luna Classic is the ultimate demonstration of how to bury billions of dollars of investors and kill a project that could have been much bigger. Do Kwon's ego with Terraform Labs has been the cause of all these problems. The worst thing is not that the algorithmic stablecoin has failed, the real problem is that similar projects like USDD have appeared, and they can end the same way. I hope that the developers of algorithmic stablecoins always keep what happened with LUNA in mind so as not to make the same mistakes.

EraDex official

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Re: What is Luna Classic (LUNC)
« Reply #6 on: July 14, 2022, 03:41:57 AM »
Is there anyone who wants to keep luna now?

Aryan0058

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Re: What is Luna Classic (LUNC)
« Reply #7 on: August 05, 2022, 09:05:56 PM »
Luna Classic (LUNC) is the original Terra Luna coin left behind following the launch of a new Terra chain after the recent UST/Luna collapse. Kwon's grand plan for recovery introduced a brand new chain to conduct future transactions on.
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