Terra Classic

What is Terra Classic?

Terra Classic is an open-source, community-owned blockchain that inevitably hosts a number of different applications. This ecosystem runs on its native cryptocurrency called LUNC. Terra Classic can be used to pay transaction fees on the blockchain when you interact with those different applications.

You can use LUNC to have your say when it comes to important proposals, as well as use it to earn staking rewards.

Who created Terra Classic?

Terra was developed by Do Kwon and Daniel Shin in 2018 and officially launched its mainnet in 2019. They built Terra to offer its users the same stability that you would get from fiat currencies, all while harnessing the power of blockchain technology in order to process transactions a lot faster and for far less than traditional payments.

Terra Classic VS Terra 2.0

Although many people think that Terra Classic and Terra 2.0 are the same, they are actually very different. Firstly, the Terra network has been divided into two separate chains that are based on an entirely new governance plan. Respectfully, Terra Classic with Luna Classic tokens will be left on the old chain, whereas Terra coincides with Luna tokens on the new chain, which is called Luna 2.0 (Terra 2.0). The old Luna tokens will effectively co-exist within the ecosystem instead of being completely removed and replaced with a new ecosystem.

However, any DApps (decentralized applications) that are launched on Terra Luna will naturally have Terra 2.0 tokens. The development community will begin building and creating these DApps which will provide some utility and use for the new token.

Where to buy Terra Classic coin?

Terra Classic is available on a number of different exchanges, where you can easily buy it using fiat currency, or you trade other cryptocurrencies like Bitcoin, Ethereum, or Ripple in exchange for Terra Classic. Places like Binance and other popular exchanges still sell Terra Classic, although not every exchange will offer the cryptocurrency.

How to buy Terra Classic Coin

1. Create account on Bitget

First, create an account on the Bitget exchange. You can either use your email address or your mobile number to sign up.

2. Confirm registration

You will receive a 6-digit code upon creating your account, which you will need to confirm your registration on Bitget. When prompted, please enter the code.

3. Buy Crypto

Select Third-party Payment. Select the currency of your choice that you will use to purchase your crypto with. Then select your choice of crypto to receive. Finally, enter your amount.

4. Select payment

Choose between Google Pay, PIX Transfero, Mastercard, or VISA as your payment method.

5. Select provider

Choose between Simplex, Banxa, or Mercuryo. Once you have selected the payment provider, click Next to proceed with the order.

6. Trade Terra Classic

Once you have received your crypto, head to Markets, then search for Terra Classic in the search box. Click on Trade where you can exchange your crypto for Terra Classic.

Is Terra Classic crypto a good investment?

Determining whether an asset like Terra Classic is a good investment all depends on your appetite for risk. It also depends on how much you can afford to invest. Someone with a large amount of capital might see Terra Classic as a perfect opportunity to invest. Whereas someone with low capital might still see Terra Classic as a good investment opportunity but can only invest a smaller amount.

Just looking at risk appetite isn’t really a good foundation when deciding whether Terra Classic is a good investment. It is also good to look into the project’s future, which will help you to determine whether Terra Classic is worth investing in or not. For instance, we know that there are continuous improvements being made on the Terra Classic network, which will no doubt increase its performance and popularity.

Terra Classic Price Prediction

Entering 2025 investment analyst will hopefully have seen a number of improvements to the Terra Classic network, thus increasing its performance. These improvements have projected a bullish run if the coin attracts major attention. Price-wise, we should hopefully see the coin hit $0.0009.

For 2026 we will need to recognize the major resistance levels to see whether the coin will respect these levels or not. If the coin manages to retain its popularity amongst investors then we can potentially see a prediction of $0.0028

Moving on into 2027 will test the upgrades that will have been implemented and will hopefully rely on the network’s performance to attract more investment, not just from big players but from regular investors too. If investors acknowledge the upgrades and the network brings back positive results, we might see the coin reach $0.004.

2028 might be a little different since you can’t make an omelet without breaking a few eggs. Investors might want to see some return on their investment and may decide to pull out, not due to fear or performance issues, but just because they want realized profits.

Moving into 2029, the stability of Terra Classic might come into question if too many investors pull profits out at once. This will cause some unrest amongst investors, but eyes should be focused on the journey and the project, as well as leadership. If confidence remains the same and investors are still throwing money into the coin, then we could likely hit a price of $0.04.

Finally, in 2030 we are hoping to see some major spikes in price that compliments the coin’s performance, durability, and sustainability. Along with investor confidence and whether Terra Classic can deliver. Some analysts think that Terra Classic could reach $0.1 by 2030.

Terra Luna Classic Burn

Terra Luna Classic has a feature that many other coins have where a number of coins are burned, which is designed to reduce the supply of coins all whilst increasing their value. To start with the burn rate was set at 1.2%, but as time went on the rate of the burn was reduced to 0.2%, which was seen as a way to encourage more activity on the Terra Luna Classic blockchain.

The burn works by automatically burning tokens whenever there is a transaction on the network. One thing to note is that the number of tokens that are burnt is relative to the number of tokens that are currently in circulation. This upholds the promise to keep the number of tokens decreasing, which will increase their value over time.

Is Terra Classic crypto safe?

What are the project’s long-term and short-term goals? Do they have contingency plans if things go south? All these questions should be answered before investing in Terra Classic. As mentioned briefly before, making choices about whether an investment is safe depends on your appetite for risk. It also depends on your own due diligence, instead of relying on what other people tell you. It is important to make informed decisions based on your own findings such as knowing how the founders are and whether they are trustworthy.

We Coin-Labs provides only objective information about Terra Classic.
Therefore, we are not responsible for the investment decision in Terra Classic and the resulting loss.

Terra Classic Basics

Here are some factors that investors should consider before investing in Terra Classic.

Cryptocurrency Features	Terra Classic (LUNC)
Publisher or Developers	Daniel Shin
Headquarters (Registration Number)
Symbol	LUNC
Platform	Terra
Published Date (CMC Registration)	2019-07-26
Max Supply	No limit

Reliability Score of Terra Classic in 2023

These are indexes mesuring the investment reliability of Terra Classic conducted by Coin-Labs.

Investment Reliability Rating Items	Scores and Current Status
Company Activation Rate	8.2 / 10.0 CAR
Communication Rate	7.7 / 10.0 CR
Technology Transparency Rate	0.8 / 10.0 TTR
Development Participation Rate	2.9 / 10.0 DPR
Listing Status on the World's Top 10 Exchanges	Listed on 4 Exchanges
Number of Available Pairs Worldwide	396 Pairs
Market Cap of the Cryptocurrency	962,964,887,638 KRW (Rank #62)

The table above shows the result of investment suitability evaluation for Terra Classic.
More descriptions about the rating items can be found here.

Terra Classic Price

Here are the price and recent trading volume of Terra Classic. (Data of 2023-04-01 20:23:24)

Price Items	Price and Trading Volume of Terra Classic
Terra Classic Price	0.163 KRW
Price Change 24h	2.16%
Price Change 7d	2.31%
Trading Volume 24h	64,911,154,198 KRW
Trading Volume Change 24h	13.96%

Cryptocurrency Metadata

You can check the development status and social media information of Terra Classic through the links in the table below.

Metadata Source	URL
🌎 Official Website	https://terra.money/
📖 White Paper	https://docs.terra.money/
🛰️ Source Code (GitHub)	https://github.com/terra-money/core
🐦 Twitter	https://twitter.com/terra_money
🤖 Reddit	https://reddit.com/r/terraluna
🎺 Message Board	https://medium.com/terra-money

Where to Buy Terra Classic

Here are the top ten world crypto exchanges where traders can buy Terra Classic in 2023.

Top10 Exchanges	Listed Status	Page URL
Binance	Listed	https://www.binance.com/en/trade/LUNC_USDT?theme=dark&type=spot
Coinbase	Not listed
Kraken	Not listed
KuCoin	Listed	https://www.kucoin.com/ko/trade/LUNC-USDT
Bitfinex	Not listed
OKX	Listed	https://www.okx.com/trade-spot/lunc-usdt
Huobi	Listed	https://www.huobi.com/en-us/exchange/lunc_usdt
Bitstamp	Not listed
Bybit	Listed	https://www.bybit.com/en-US/trade/spot/LUNC/USDT
Gate.io	Listed	https://www.gate.io/zh-tw/trade/LUNC_USDT

Frequently Asked Questions