Terra Classic Price Hits $0.0001 on Exchanges (LUNC)

Terra Classic (LUNC) traded down 7.7% against the US dollar during the one day period ending at 17:00 PM Eastern on June 17th. One Terra Classic coin can now be purchased for approximately $0.0001 or 0.00000000 BTC on popular exchanges. In the last week, Terra Classic has traded down 10.3% against the US dollar. Terra Classic has a market cap of $527.85 million and $42.36 million worth of Terra Classic was traded on exchanges in the last day.

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

  • TRON (TRX) traded 0.7% higher against the dollar and now trades at $0.12 or 0.00000176 BTC.
  • Tezos (XTZ) traded 5.9% lower against the dollar and now trades at $0.76 or 0.00001148 BTC.
  • Terra (LUNA) traded 8% lower against the dollar and now trades at $0.48 or 0.00000718 BTC.
  • aelf (ELF) traded 10.5% lower against the dollar and now trades at $0.35 or 0.00000533 BTC.
  • GXChain (GXC) traded down 5.9% against the dollar and now trades at $0.37 or 0.00000557 BTC.
  • Adshares (ADS) traded 5.1% lower against the dollar and now trades at $0.44 or 0.00000667 BTC.
  • BitShares (BTS) traded 2.6% lower against the dollar and now trades at $0.0027 or 0.00000004 BTC.

Terra Classic 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 5,521,431,454,395 coins. Terra Classic’s official Twitter account is @terra_money. The official message board for Terra Classic is medium.com/terra-money. The Reddit community for Terra Classic is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. The official website for Terra Classic 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.”

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 GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra Classic using one of the aforementioned exchanges.

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