Terra Classic (LUNC) Self Reported Market Capitalization Tops $281.23 Million

Terra Classic (LUNC) traded up 0.2% against the dollar during the 1 day period ending at 7:00 AM ET on September 1st. One Terra Classic coin can currently be purchased for approximately $0.0001 or 0.00000000 BTC on popular cryptocurrency exchanges. Terra Classic has a market cap of $281.23 million and $8.64 million worth of Terra Classic was traded on exchanges in the last day. Over the last week, Terra Classic has traded down 6.6% against the dollar.

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

• TRON (TRX) traded down 2% against the dollar and now trades at $0.33 or 0.00000421 BTC.
• Tezos (XTZ) traded up 0.4% against the dollar and now trades at $0.22 or 0.00000277 BTC.
• aelf (ELF) traded 12% lower against the dollar and now trades at $0.0565 or 0.00000072 BTC.
• Terra (LUNA) traded 0.3% higher against the dollar and now trades at $0.0441 or 0.00000057 BTC.
• Adshares (ADS) traded 1.5% higher against the dollar and now trades at $0.47 or 0.00000607 BTC.
• BitShares (BTS) traded down 9.2% against the dollar and now trades at $0.0014 or 0.00000002 BTC.

About Terra Classic

Terra Classic uses the hashing algorithm. It was first traded on April 23rd, 2019. Terra Classic’s total supply is 6,450,637,460,240 coins and its circulating supply is 5,523,908,109,634 coins. The official website for Terra Classic is www.terra-classic.io. Terra Classic’s official message board 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. 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.”

Buying and Selling Terra Classic

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

LUNC/USD price chart by TradingView