Terra Luna Classic Logo

Terra Luna Classic LUNC

Terra Luna Classic header image

1. Summary

Ranks

Liquidity
Developer
Social
Momentum (beta)
Stack Rank™
Price
52W High price $116.46
52W High date 5th Apr 2022 (6 months ago)
All Time High (ATH) Date 5th Apr 2022 (6 months ago)
ATH Price $119.18
% From ATH -100%
All Time Low (ATL) Date 13th May 2022 (4 months ago)
ATL Price $0.000000999967
% From ATL 27251.49%
Supply & Trading Volume
Trading Volume (24h) $353.21M
Total Supply 6.91T
Circulating Supply 6.90T
Description

Terra is a decentralized financial payment network that replaces the traditional payment stack on blockchain. It makes use of a basket of fiat-pegged stablecoins, which are algorithmically stabilized by Luna, to enable programmable transactions and foster financial infrastructure development. The network has processed an estimated $299 billion in p...

Terra is a decentralized financial payment network that replaces the traditional payment stack on blockchain. It makes use of a basket of fiat-pegged stablecoins, which are algorithmically stabilized by Luna, to enable programmable transactions and foster financial infrastructure development. The network has processed an estimated $299 billion in payments for over 2 million clients as of December 2020.

The reserve currency on the Terra platform is Luna. It has three basic roles: i) to mine Terra transactions through staking, ii) to guarantee price stability for Terratransactions, and iii) to provide incentives for site blockchain validators.

The Terra protocol is based on a Proof of Stake (PoS) blockchain, in which miners must stake their Luna to mine transactions. When all else is equal, a validator who has staked more Luna has a better chance of creating the next Terra block than another validator who has staked less.

However, holders and stakers of Luna are vulnerable to price risks associated with the asset because of their involvement in network security and validation. This is because the Terra network allows for the straightforward exchange of Terra stablecoins for Luna at a fixed rate to maintain the peg. It will exchange stablecoins for Luna when demand is high and prices are above the peg, and it will do the opposite when demand is low and prices are below the peg. In this manner, validators absorb the network's short-term volatility.

To compensate for this, validators are given rewards in the form of: i) staking rewards, ii) gas fees, iii) taxes, and iv) seigniorage rewards. Staking rewards can be determined by the amount of stake a validator has. The gas fees and taxes are the same, with a small fee being imposed on all Terra transactions. For validators who participate in the Luna oracle exchange rate process, seigniorage rewards are given.

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2. Price

LUNC/USD

2.1. Market Performance

How does Terra Luna Classic's (LUNC) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

105.7%

LUNC

25.5%

Similar Market Cap

60 Day Return

177.1%

LUNC

32.8%

Similar Market Cap

1 Year Return

-100.0%

LUNC

-79.4%

Similar Market Cap

3. Developer Activity

We're monitoring 109 Terra Luna Classic GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Terra Luna Classic Repos)

Commits vs. The Market

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Most Active Repos

Past week 0
Past 12 weeks 312
Past year 796
Past week 0
Past 12 weeks 0
Past year 389
Past week 31
Past 12 weeks 112
Past year 369
Past week 2
Past 12 weeks 21
Past year 345
Past week 2
Past 12 weeks 11
Past year 338

Top Developers 2022

In total, oczBu (Upgrade to view) developers have contributed to Terra Luna Classic over the past year. Who are the most active Terra Luna Classic developers, by commits, over the past year?

Related Projects

Developers working on Terra Luna Classic also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 81,710
Active Reddit Users (past 24h) 351
Discord users 5,769
Active Discord Users 709
Telegram Users 122,189
Twitter followers 1M
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://terra.money
Explorer https://finder.terra.money/
Twitter @terra_money
reddit /r/terraluna

Has Terra Luna Classic been audited for security?

No security audits found for this project.

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