Launched in May 2022, Tera Luna Classic (LUNC) retains all the properties of original Terra Luna coin. Terra is an open-source blockchain payment platform for algorithmic stablecoins, which are cryptocurrencies that automatically track the price of currencies or other assets. The Terra blockchain allows users to instantly spend, store, trade or exchange Terra stablecoins.
The Terra protocol creates stable coins designed to consistently track the price of fiat currency (a government-backed currency such as the US dollar or the euro). It consists of two cryptocurrency tokens – Terra and Luna.
Terra Classic has fallen drastically since the collapse of Terra. The pressure of selling has slashed down its prices.
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