Terra Classic (LUNC) Self Reported Market Capitalization Reaches $419.98 Million

Terra Classic (LUNC) traded up 2.1% against the US dollar during the 1-day period ending at 17:00 PM ET on August 16th. One Terra Classic coin can now be purchased for approximately $0.0001 or 0.00000000 BTC on major cryptocurrency exchanges. During the last week, Terra Classic has traded 10% higher against the US dollar. Terra Classic has a total market cap of $419.98 million and approximately $13.04 million worth of Terra Classic was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• TRON (TRX) traded 2.6% higher against the dollar and now trades at $0.13 or 0.00000225 BTC.
• Tezos (XTZ) traded 2.6% higher against the dollar and now trades at $0.65 or 0.00001103 BTC.
• aelf (ELF) traded down 0.7% against the dollar and now trades at $0.38 or 0.00000640 BTC.
• Terra (LUNA) traded up 1.3% against the dollar and now trades at $0.31 or 0.00000531 BTC.
• GXChain (GXC) traded 1.2% higher against the dollar and now trades at $0.37 or 0.00000625 BTC.
• Adshares (ADS) traded 1.5% lower against the dollar and now trades at $0.22 or 0.00000367 BTC.
• BitShares (BTS) traded 4% lower against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Terra Classic Coin Profile

LUNC uses the hashing algorithm. It launched on April 23rd, 2019. Terra Classic’s total supply is 6,794,537,545,225 coins and its circulating supply is 5,439,028,640,197 coins. The Reddit community for Terra Classic is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. Terra Classic’s official message board is medium.com/terra-money. The official website for Terra Classic is terra.money. Terra Classic’s official Twitter account is @terra_money.

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.”

Terra Classic Coin Trading

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

LUNC/USD price chart by TradingView