Terra Luna Classic

Terra Luna Classic (LUNC)

-3.36 %
Total market value details of Terra Luna Classic (LUNC) circulating supply
Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

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24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

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Fully Diluted Valuation
The market cap if the max supply was in circulation.
Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

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Total Supply
The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.
If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.
Max Supply
The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.
If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.
# Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score
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Coin Info

Terra is a blockchain protocol that enables price-stable global payment networks with fiat-pegged stablecoins. According to its white paper, Terra combines the price stability and widespread acceptance of fiat currencies with the censorship resistance of Bitcoin (BTC) and provides rapid as well as economical transactions.

The development of Terra began in January 2018, and the mainnet was launched in April 2019. On May 28, 2022, the genesis block of the new chain was introduced to conduct future transactions under the name Terra (LUNA), while the previous Terra Chain was renamed Terra Classic. The original native token, LUNA, has also been rebranded as LUNA Classic (LUNC). Additionally, all stablecoins on the network (UST, KRT, and EUT) have been rebranded to Terra Classic stablecoins (USTC, KRTC, EUTC). Terra stablecoins will not be available on the new chain.

Luna Classic (LUNC) was the first Terra blockchain native token to be launched in August 2018. $LUNC existed prior to the launch of the new chain, currently known as Terra (LUNA), and works with the Terra ecosystem's original code.

The primary role of the native token was to absorb the price variation of the algorithmic stablecoin — $UST. By creating and burning UST tokens to maintain a balance between the supply and demand of the currency, the price of the UST stablecoin was fixed to the US dollar. UST crashed in May 2022 after losing its peg. The UST stablecoin algorithm manufactured trillions of LUNA tokens plunged into a hyperinflationary spiral and dropped the initial LUNA token's value by 99%.

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