Terra Classic Self Reported Market Cap Tops $365.85 Million (LUNC)

Terra Classic (LUNC) traded 2.5% higher against the U.S. dollar during the 1-day period ending at 9:00 AM Eastern on March 2nd. Terra Classic has a market capitalization of $365.85 million and approximately $12.33 million worth of Terra Classic was traded on exchanges in the last day. During the last seven days, Terra Classic has traded down 8.4% against the U.S. dollar. One Terra Classic coin can currently be purchased for approximately $0.0001 or 0.00000000 BTC on major exchanges.

Here’s how related cryptocurrencies have performed during the last day:

• TRON (TRX) traded up 1.9% against the dollar and now trades at $0.24 or 0.00000275 BTC.
• Tezos (XTZ) traded 2.7% higher against the dollar and now trades at $0.76 or 0.00000885 BTC.
• aelf (ELF) traded 0.5% higher against the dollar and now trades at $0.26 or 0.00000308 BTC.
• Terra (LUNA) traded 2% higher against the dollar and now trades at $0.22 or 0.00000262 BTC.
• Adshares (ADS) traded down 1.7% against the dollar and now trades at $0.54 or 0.00000635 BTC.
• GXChain (GXC) traded up 4.5% against the dollar and now trades at $0.25 or 0.00000289 BTC.
• BitShares (BTS) traded down 0.1% against the dollar and now trades at $0.0011 or 0.00000001 BTC.

Terra Classic Profile

Terra Classic (LUNC) uses the hashing algorithm. Its launch date was April 23rd, 2019. Terra Classic’s total supply is 6,502,740,910,896 coins and its circulating supply is 5,471,670,773,785 coins. The Reddit community for Terra Classic is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. The official message board for Terra Classic is medium.com/terra-money. Terra Classic’s official Twitter account is @terra_money. Terra Classic’s official website is commonwealth.im/terra-luna-classic-lunc.

According to CryptoCompare, “LUNC, previously Luna, is the original token of the Terra blockchain, renamed Terra Classic after governance proposal 1623 by the Terra community, following the UST depegging event. This original chain, with disabled market swaps (mint/burn function), is represented by LUNC. It serves as the native staking asset in the Terra Classic network, securing its Proof of Stake (PoS) system and facilitating governance participation. Despite the creation of a new Terra chain, LUNC remains functional within the Terra Classic ecosystem, acting as collateral for its stablecoins and earning transaction fee rewards. The development of LUNC, as part of the broader Terra blockchain ecosystem, was heavily influenced by the Terra community, especially post-UST depegging, through key governance decisions and rebranding initiatives. Terra, the ecosystem’s founding platform, was co-created by Do Kwon and Daniel Shin, marking a significant collaboration in the cryptocurrency world.”

Buying and Selling Terra Classic

It is usually not possible to purchase alternative cryptocurrencies such as Terra Classic directly using U.S. dollars. Investors seeking to trade Terra Classic should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra Classic using one of the exchanges listed above.

LUNC/USD price chart by TradingView