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Terra Classic(LUNC)

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0.4426 SAT
Market Cap (Rank#65)
26,108 BTC
Vol 24h
1,019 BTC
Circulating Supply
Max Supply
1 day ago cryptodaily
Terraform Labs Co-Founder Do Kwon Arrested in Montenegro
Do Kwon, co-founder of Terraform Labs, has reportedly been arrested in Montenegro. Kwon has been on Interpol and South Korean authorities’ radar for his alleged involvement in the collapse of the Terra ecosystem. The Minister of the Interior of Montenegro, Filip Adzic, announced in a post that an individual suspected of being Do Kwon had been arrested in the Podgorica region on March 23. Following the announcement, local media outlet Vijesti confirmed that the Twitter account that posted the news belonged to the minister of interior of Montenegro. The person arrested was a South Korean national. Adzic tweeted: Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs. Kwon was reportedly detained at the Podgorica airport with falsified documents. The International Criminal Police Organisation (Interpol) and South Korean authorities were on the hunt for Kwon for his alleged role in the collapse of the $40 billion Terra Luna (LUNC) and Terra USD (USDT) ecosystem in May 2022. Kwon became an internationally wanted man when Interpol issued a red notice on him in September. Interpol’s red notice came only weeks after a court in South Korea issued an arrest warrant for the founder, alleging that he violated the Capital Markets Act. Montenegro is geographically south of Serbia and shares a border with the Balkan nation. In December, it was reported that Kwon was hiding in Serbia. Serbia and South Korea do not share an extradition treaty. At the time, prosecutors indicated that Kwon fled to Dubai as a stopover after he exited Singapore. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
6 days ago nulltx
Terra Classic (LUNC), Monero (XMR), and DigiToads (TOADS): Which Token is Gaining More Traction in the Crypto Market?
The ever-growing and unpredictable crypto market can be intimidating, with numerous tokens vying to make a place in the crypto world. But which ones are gaining more traction among investors and traders? Terra Classic (LUNC), Monero (XMR), and DigiToads (TOADS) have caught the public’s attention. Let’s explore each in detail to understand their potential better. […]
9 days ago cointelegraph
1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX
Terra Luna's former co-founder, Do Kwon, who lost $11 million in the bet, is currently wanted by Interpol and is reportedly hiding in Serbia.
10 days ago nulltx
LUNA Classic Price Analysis & Prediction (Mar 13th) – LUNC Shows Sign of Continuation Amid Fresh Bearish Signal, Drops by 2.2% Today
The price of Terra Luna (LUNC) has dropped drastically over the past few days, bringing it to a low of $0.0000 during last week’s surge. It will likely resume bearish sentiments once the price breaks down from the consolidation phase. Following the period of negative actions and FUD for the past few days, LUNC has […]
18 days ago zycrypto
Singapore Probes Do Kwon’s Terraform Labs Amid Claims of Laundering $100M Since the Project Collapsed
Singapore police have started investigating Terraform Labs, the company behind cryptocurrency Terra Luna Classic (LUNC) and Stablecoin Terra USD (UST), together with its founder, Do Hyeong Kwon, following the events that cost investors billions worth of losses.
21 day ago cryptodaily
Understanding Zero-Knowledge Proofs, ZK-Rollups, and ZK-EVM
Zero-knowledge proofs (ZKPs) have been a hot topic in the blockchain community, with many upcoming releases and new applications on the horizon. As a cryptographic tool, ZKPs are a formidable ingredient for decentralized, provable, and private communication. How ZKPs are used and whether they actually preserve privacy is highly dependent on the product’s use case and implementation. In this article, we will explore the concepts of ZKPs, their applications in different use cases like rollups, ZK-VMs, and ZK-EVMs, and how it all relates to Dusk. We also delve into what scaling and virtual machines are from a high level. Locked Boxes and Secret Words - ZKP Intro Zero-knowledge proofs are a way of proving that you know something. However, the superpower of ZKPs lies in the convenience of their verification, rather than the proof generation itself. In fact, the verification of a zero-knowledge proof is so potent, that it can be used to exempt the prover from disclosing his knowledge. Zero-knowledge proofs provethatyou know, or that a transaction is correct, notwhatyou know or what a transaction was. Think of it like a game of 20 Questions: imagine you're playing with someone who is trying to guess a secret word that you know. Normally, you would have to tell them the word if they guessed it correctly, but with zero-knowledge proofs, you can prove that you know the word without actually revealing it. Rather than revealing what the answer is to prove that you know it, you would have a cryptographic proof that proves that you know the answer, but not sharing what the answer actually is. However, sometimes privacy is not the point. Say a complex calculation takes a lot of time to be performed, for example calculating a high number of permutations of DNA, or computing the end result of executing millions of transactions. You can simply provide a ZKP of the correctness of your result and let verifiers skip the calculation and validate that proof instead. In the context of cryptography and computer science, zero-knowledge proofs can be used for a variety of applications, from enhancing privacy to scaling, voting systems, digital identity verification, and more. What makes something zero-knowledge? The requirements to be considered zero-knowledge are; completeness, soundness, and zero-knowledge. Complete; if the statement is true then a verifier will be convinced. It is sufficient and needs no additional proofs or work. Sound; if the statement is false, no amount of cheating can convince the verifier otherwise. Zero-knowledge; no information is leaked and all the verifier learns is that the statement is true. The key feature here is that no information is leaked and all that has been proven is the validity of a given statement. For example, if I want to prove that I am a student and am eligible to receive a student discount, the only information the verifier learns is that “he is eligible for the student discount”. They don’t learn where I’m studying, what I’m studying, when I started studying, and not even if I am actually a student or I acquired the eligibility through some other means ( honoris). Just that I meet the criteria. From Traffic Jams to Lunch Rushes - Blockchain Scaling Scaling refers to the ability of a network to increase the processing power of its infrastructure by adding more operators. In decentralized networks, however, it often happens that increasing the number of nodes (operators) results in a much slower capacity to process transactions and increased costs. Think of it like a busy highway: just like how traffic can slow down and become congested on a busy road, networks can become congested and slow down as more users join the network and start using it. This is why the capability of scaling is paramount for a blockchain. You can think of it like a restaurant during the lunch rush. Networks capable of scaling are like establishments that can increase staffing, equipment, and space to keep up with higher demands without customers experiencing any significant degradation of services or higher costs. On the other hand, the networks that are not equipped for scaling are like expensive but poorly managed restaurants where customers get continuously turned away, or have to wait much longer to be served during peak times. In short, if a blockchain is not able to scale it may become slow, expensive, or even crash during peak load. There are several different types of solutions that can be used to scale blockchains. One approach is known as Layer 2 (L2) scaling, which involves creating a secondary ledger that is meant to redirect traffic away from the main blockchain, known as the Layer 1 (L1). Think of it like a subway that runs under a busy street: just like how the subway can sustain a much higher load of travelers than the street above, L2 scaling solutions aim to increase the load of transactions that can be processed by a blockchain without congesting the settlement layer (the main layer or L1). Although the concept might be simple, there is no single implementation that satisfies all cases and researchers have proposed a variety of architectures each presenting different pros and cons. The main ones are State Channels, Rollups, Plasma, Sidechains and Validium/Volition. These architectures normally complement a so-called network partitioning strategy, which involves processing batches of transactions in parallel. The most popular partitioning strategy is called sharding. Sharding involves dividing the main blockchain into smaller, more manageable pieces called "shards." Each shard processes a subset of the network's transactions, which improves the speed and efficiency of the entire network. These subsets can be created based on proximity, processing similarity, or random distribution to balance the workload Sharding can be compared to a restaurant with multiple kitchens, each with its own chef, servers, and maître D. Each kitchen is a shard, calibrated to efficiently serve a specific number of tables. Customers are distributed evenly among the available tables, so each shard can provide the same high level of service without being overloaded. Ultimately, all customers’ payments end up in the restaurant’s bank account, which in this example represents the settlement layer. Similarly, sharding can help to ensure that blockchain transactions are processed quickly and efficiently by breaking the network into smaller pieces that are then presented and settled on the blockchain’s main layer. Exploring Rollups and ZK Rollups are currently one of the most popular scaling solutions for blockchains. They work by aggregating a large number of transactions off-chain and then submitting a single transaction to the main blockchain that represents all of the off-chain transactions. Think of it like a grandma preparing a large batch of cookies: rather than baking each cookie individually, the granny can prepare a large batch of cookie dough and then bake all of the cookies at once. This helps to save time and resources, while still producing the same delicious result. ZK-rollups, or zero-knowledge rollups, are a specific type of rollup that use zero-knowledge proofs to provide additional security guarantees and, in rare cases, some privacy. In a ZK-rollup, transactions are bundled together by the rollup and processed by a smart contract on the main chain. A prover generates a proof that the transactions are valid. This proof is then submitted to the main blockchain, along with a small amount of additional data that is needed to verify the proof. It's worth noting that most ZK-rollups don’t provide any privacy guarantee since they use zero-knowledge proofs for the efficiency of their verification, rather than privacy. Validity rollups, which is the more correct term for most ZK-rollups, simply bundle a large number of transactions together and submit them to the main blockchain as a single transaction, by using zero-knowledge proofs to verify their validity. Technically speaking, they only use the completeness and soundness properties of Zero-knowledge proofs, but not their zero-knowledge property, so while they may not initially share all the details of a transaction in the transaction hash, it is often decodable and not as private as users may think. The primary reason for doing so is to be able to reconstruct the rollup chain in case of failure. Playtime in the Digital Sandbox - Virtual Machines intro A virtual machine (VM) is a software program that emulates a computer, allowing users to run programs in a simulated environment. Think of it like a playpen: just as how children can play in a safe and contained environment without disturbing the rest of the room, developers can run programs on a VM without needing to worry about the physical hardware that is running the code. This can be useful for a variety of reasons, such as providing a consistent development environment across different devices or operating systems. The Ethereum Virtual Machine (EVM) is a specific type of virtual machine that executes smart contracts on blockchains that are compatible with Ethereum. Smart contracts are self-executing programs that can perform various tasks, such as managing digital assets, validating digital identities, or executing financial agreements. To continue on the restaurant metaphor, think of the EVM as the chef in a kitchen. The chef has a set of available ingredients and follows various recipes to prepare different dishes. Just like a recipe, smart contracts can use and combine the available instructions to define complex tasks that the EVM then executes. The ZK-EVM is a special version of the EVM that uses zero-knowledge proofs to provide additional security guarantees for smart contract execution. In a ZK-EVM, the zero-knowledge proofs are used to verify that a smart contract has been executed correctly, which has been a large problem for most ZK-rollups that are currently live. Many ZK-rollups couldn’t leverage the existing Ethereum tooling and ecosystem to build smart contracts and instead had to build their own languages and VMs to support smart contracts. ZK-EVM designs are determined to solve this and prove that a smart contract has been executed correctly according to the EVM specification. Zero-knowledge proofs here are used to verify the correct computation of any arbitrary EVM instruction. How does all of this relate to Dusk? As the leading blockchain platform for confidential smart contracts and regulatory compliance, Dusk Network is at the forefront of leveraging zero-knowledge proofs to ensure privacy and security for its users. By utilizing zero-knowledge proofs, Dusk Network is able to keep transactions private, hiding both the assets and amounts being transferred from other participants on the network. At the core of Dusk Network is the Piecrust VM, a virtual machine that has been designed to be as optimized and efficient as possible when accessing, storing, proving, and verifying zero-knowledge proofs. This VM is specifically designed to be ZK-friendly, meaning that zero-knowledge proofs play a crucial role in every aspect of the network. Dusk Network is not a ZK-rollup or a ZK-EVM, it is a ZK sovereign L1 blockchain that has its own Proof-of-Stake consensus mechanism and doesn't rely on third parties for settlement. Additionally, Dusk Network has its own VM implementation that does not enforce EVM-compatibility, thus allowing the platform to avoid all legacy limitations and trade-offs of the EVM. In fact, smart contracts on Dusk's Piecrust VM compile to the much more modern and portable WebAssembly (WASM) bytecode. For third parties looking to extend Dusk Network's existing ecosystem, creating ZK-rollups and ZK-VMs would provide great ways for Dusk to offload computation from the main blockchain and provide verifiable computation from external sources onto the main blockchain. A ZK-WASM VM could provide a pathway for a ZK-EVM equivalent solution for Dusk, enabling everyone to prove that a certain computation took place and is provably correct. In conclusion, ZKPs have a significant impact on the blockchain industry by enabling more efficient and secure systems. With their potential to improve privacy and scalability, it is worth paying attention to how ZKPs will continue to shape the blockchain landscape in the years to come. ZKP-enabled dApps are still few and far between but will become more common as ZK-friendly blockchains like Dusk enable confidential smart contracts to be built. We encourage readers to learn more about ZKPs and explore the potential applications of this innovative and revolutionary technology. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
45 days ago nulltx
Luna Classic Price Analysis & Prediction (Feb 3rd) – LUNC Sets For Bullish Following a Daily 15% Increase
The price of Luna Classic increased by 15% to mark a two-month high earlier today. This notable increase has put the deflationary token among the daily top gainers of the market. After the mid-2022 crash to $0.00005, Lunc bounced and rallied massively to the $0.00059 level. It encountered a rejection there and lost momentum for […]
64 days ago cryptodaily
NFT Collection Nuclear Nerds of the Accidental Apocalypse Price, Stats, and Review
Nuclear Nerds of the Accidental Apocalypse is not just a simple collection of 8,999 male and female NFTs, it is a jumping-off point for a narrative story world that will be told through a series of future drops and unique mechanics. The total number of owners has reached 3010. NFT Collection Nuclear Nerds of the Accidental Apocalypse Price and Sales The market capitalization of Nuclear Nerds of the Accidental Apocalypse NFT collection is 1,968.95 ETH. For all time, 17,148 collections sales were made at an average price of 0.28 ETH (~$433.10 at the time of writing). This created a total volume in 4,848.195 ETH. The floor price of Nuclear Nerds of the Accidental Apocalypse is 0.1589 and the 30-day trading volume is kept at 61.84 ETH. The payment tokens of the Nuclear Nerds of the Accidental Apocalypse collection are ETH, WETH. Nuclear Nerds of the Accidental Apocalypse traits list Token_id Min 47 Max 8991 Rarity Level Min 77 Max 1110 Gender Male 4493 Female 4494 Background Nuclear midnight 478 Nuclear haze 817 Nuclear sunset 2001 Nuclear rainbow 1504 Nuclear winter 1044 Nuclear glow 1137 Nuclear sand 1810 Nuclear sludge 152 Nuclear shadow 44 Mystery Trait Berzerker 43 Mary 44 Vulture 43 Archimedes 44 Caterpillar 44 Schroedinger 42 The Twelve Number three 1 Number twelve 1 Number eight 1 Number one 1 Number four 1 Number nine 1 Number eleven 1 Number six 1 Number five 1 Number ten 1 Number two 1 Number seven 1 Skin (Female) Rhubarbed 427 Diet grape 448 Five leaf clover 439 Pink lemonade 444 Creamed soda 440 Avocado 418 Ice green 465 Banana yellow 417 Orangecicle 440 Limeade 408 Liquid plutonium 32 Radioactive swirl 71 Radioactive glow 23 Radioactive green glow 6 Radioactive orange glow 6 Radioactive purple glow 5 Radioactive yellow glow 5 Eyes (Female) Black wraps 262 Cat eyes 97 Ski goggles 166 Herbal-eyes 310 Skull eyepatch 359 Deadpan eyes 439 Angry eyes 427 Pink cat-eye glasses 244 Paintball goggles 171 Salt and pepper goggles 133 Orange mars goggles 81 Pyromaniac eyes 150 Coke bottle glasses 261 Side-eye 392 War grease 163 Fool's gold shades 81 Glowing eyes 37 Walter's shooting glasses 239 Iridescent goggles 78 Filter goggles 149 Mirrored aviators 233 Glowing yellow 3 Glowing purple 3 Mirrored aviators glowing 1 Fools gold shades glowing 1 Glowing green 5 Coke bottle glasses glowing 1 Glowing orange 3 Paintball goggles glowing 1 Skull patch glowing 2 Pink cat eye glasses glowing 2 Headwear (Female) Colander 203 Top o' the morning hat 94 Bomber hat 117 Bone scrunchy 269 Short dreads 252 Baseball cap 213 Cat ear beanie 164 Golden earring flow 178 Wild wide hair 39 Army antler helmet 45 Rainbow mowhawk 103 Coonskin cap 110 Fallout umbrella 198 Cowgirl hat 134 Ombre spiked pigtails 167 Spiked headband 190 White wig 248 Saw blade helmet 66 Long dreads 258 Batter's helmet 142 Cat ear headband 193 Pixie cut 261 Buzz cut 247 Skull cap 169 8-bit bandana 172 Spiked pippy braids 102 Dreaded beehive 39 Evil beaver 39 Radioactive tattoo 56 Medic helmet 26 Clothing (Female) Magic numbers t and jeans 214 Skirt and blood red suspenders 470 Orange puffer 221 Bikini and rainbow skirt 82 Jean jacket and ripped leggings 480 Poncho and bullet necklace 103 Skull tank and post-apocalyptic peter 164 Apoc-t with skirt and kneepads 451 Fishnet top and skull shorts 494 Hoodie and striped leggings 464 Weaponized red union suit 96 Prison jumper 123 Mechanic suit 166 Over it overalls 153 Middle finger t and jorts 228 Off-duty waitress 125 Happy holidazed 38 Satin jacket and tutu 111 Prom gone wrong dress 29 Fast food uni 133 Evil gear and leather pants 60 Not a white wedding dress 23 Leather jacket and six shooter 42 Fur coat and bear trap 24 Mouth (Female) Shit eating grin 259 Side smirk 244 Vampire 180 Un-pacified 210 Grille 159 Tootsie pop 214 Skull smoke pipe 155 Tongue out 263 Bandaided 238 Nose ring 237 Jaws 202 Gold tooth 186 Lit match 210 Varmint bone 181 Straw 210 Regular 291 A nice chianti 82 Homemade respirator 110 Sniper 207 Blow my bubble 218 Hard as nails 200 Radioactive lips 38 Armed to the teeth 46 Dino beak 74 Grafitti breather 43 Not my teeth mask 37 Footwear (Female) Pink checks 476 Ballslay slippers 182 Plague slippers 226 Oxbloods 409 Chuck-tee'd offs 536 Trench boots 410 Holy tubers 544 Duct-tape 507 Spike toed 95 Army boots 156 Chunky buckles 182 Dead bunny slippers 223 Sneak stabies 174 Moto boots 188 Skull boy boots 64 Danger dunks 65 Roller girl skates 57 Accessory (Female) Told you so sign 361 Saiga skull charm 102 Skull machete and route 66 309 Spiked knuckles and trash lid 310 Chatty assault rifle 232 F-o skelly finger 329 Fry hard super tazer 64 Sawbat and barbedwire 218 Lunch grenades 224 Pizza dew freak 322 You're boned saw 208 Wrist rocket 314 Desert eagle 223 Mini bazooka 240 Big ass blade 293 Peace and death 345 Molotov molly 212 Bucky the butcher 60 Flame thrower and fuel 73 Gold assault rifle 21 Gold desert eagle 34 Skin (Male) Rhubarbed 433 Avocado 447 Diet grape 434 Pink lemonade 409 Creamed soda 432 Banana yellow 446 Five leaf clover 431 Orangecicle 446 Limeade 438 Radioactive glow 21 Liquid plutonium 29 Ice green 441 Radioactive swirl 64 Radioactive green glow 5 Radioactive orange glow 5 Radioactive yellow glow 6 Radioactive purple glow 6 Eyes (Male) Driving shades 269 Busted aviators 235 Readers 238 Safety goggles 155 Haf-eyes 337 Eye patch 331 Pilot goggles 170 Angry eyes 375 Stoakleys 219 Bionic eye 76 Deadpan eyes 354 My what big eyes you have 82 Skull goggles 166 Nerd glasses 247 Pyro glow goggles 63 Inuit sunglasses 160 Snake-eye glasses 89 Glowing eyes 40 Rockety man shades 251 Holographic goggles 66 X-paint 236 Rainbow blades 232 The jeweler 80 Busted aviators glowing 1 Eye patch glowing 2 Glowing orange 4 Readers glowing 2 Stoakleys glowing 1 Driving shades glowing 2 Glowing green 2 Glowing purple 2 Pilot goggles glowing 1 X-paint glowing 1 Inuit sunglasses glowing 2 Glowing yellow 1 Safety goggles glowing 1 Headwear (Male) Fade 216 Plutonium pink 151 Basic black 233 Winter's frost 158 Royal headband 140 Radioactive hair 122 Tie-died helmet 154 Flat topped 210 Leather footballer 139 Welder's mask 119 Little boy brown 213 Curled mohawk 164 Peaky b. 222 Blade beanie 151 Bazooka boys cap 144 Danger dreads 141 Fucking hippies 230 Keep on truckin' 142 Lizard mohawk 162 White sidewalls 130 Five alarm fire 137 Cowboy boomstick 110 Blight vision 97 Afro 216 Spike implants 117 Rainbow leprechaun 169 Spiked helmet 106 Brew crew hat 133 Army helmet 36 Fox helmet 31 Clothing (Male) Sweet tarts and leather apron 89 Tutu and tatts 176 Post-apoc pizza 125 Hung-overalls 406 Soy un ninja 403 Wasteland managagement 142 Duct tape sport coat 377 Tactical vest and leather chaps 207 Fireman's coat and track pants 118 Catchers vest and football pants 210 Tighty whiteys 199 Bandolero boy 60 Jersey and hefty bag pants 355 Jeff's robe 76 Duster 367 Cargos and spiked shoulder pads 189 Neverlast 192 Trashed tux 26 Lumberjacked 41 Football pads and grape smugglers 186 I want my mummy 123 Bullet proof 84 Ringer-t and sawed off shotty 69 Yellow track suit and nun-chucks 34 Chainmailed and boardshorted 212 Cyber punked 27 Mouth (Male) Band-aid 294 Shit eating grin 312 Brace face 319 Hockey-toothed grin 276 Red licorice 203 Shroom hunter 225 Straight 338 Mangy beard 224 Whistle 213 Duct tape sutures 310 Varmit skin mask 60 Shark grin 122 Dain bramage 116 Rabbit bone 205 Fully leaded pencil 203 Bandana 95 Trucker stache 225 Vampire bullets 113 Dagger 49 Metal mouth 121 Just joking 247 Bear mask 44 Spare round 112 Respirator 67 Footwear (Male) Waffle stompers 291 Checkered high tops 543 Flip flops 280 Duct tape socks 514 Snakebit boots 39 Big toe bandage 513 Air apocalypses 180 Yellow docs 202 Spiked flipity flops 255 Cleats and shinguards 172 Heavy duty moto boots 185 Croc-toes 80 Tube socks 524 Skatey 180's 292 Mukluks 78 Chuckity-t's 263 Moon boots 82 Accessory (Male) Ruger 198 Croquet shark 186 Machete and skull charm 283 Robo-hand 286 Alpoo and invisi-doge 177 Nail gun and silver(ware) bullets 221 Knuckle gun 280 One way shield and spear 212 Trap and supper 190 Cutty spear 302 Homemade gun 218 Oil filter silenced revolver 187 Apocalypse scissor hands 211 Shotgun and bayonet 171 Crossbow 188 Arrow gatling 228 T-pee 182 Axe handle and skull shield 66 Weed whacker 34 Multi-blade 286 Fudweisers 181 Silence of the uzi 53 White russian 30 Rocket yeeter 38 Shroom essentials 63 Gold ruger 22 Kidnapped Yes 2 Nuclear Nerds of the Accidental Apocalypse fees Buyer fee to dev: 0 basis points Seller fee to dev: 690 basis points Buyer fee to 0 basis points Seller fee to 250 basis points Buyer fee: 0 basis points Seller fee: 940 basis points Nuclear Nerds of the Accidental Apocalypse editors list The approved editor's accounts of Nuclear Nerds of the Accidental Apocalypse collection are 0xefc83375b4bf4e9011a8bc716bdaada4e043e90d, 0xefc83375b4bf4e9011a8bc716bdaada4e043e90d, 0xfdb0dee282b8d225403044d58acc87f951ba0ba3. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
65 days ago cointelegraph
Ethereum price technicals hint at 35% gains versus Bitcoin in 2023
Ethereum market dominance has doubled since the lunch of its staking contract in December 2020 as ETH price eyes levels not seen in five years versus Bitcoin.
70 days ago zycrypto
Binance to Support Terra Classic’s Weekend Upgrade; LUNC Jumps 6%
Terra Classic (LUNC), introduced following the collapse of the Terra ecosystem, is having a major network upgrade this weekend, at epoch 15,029, on January 14, 04:50 UTC, which will take about three hours to complete.
72 days ago cryptodaily
Ripple (XRP) Price Prediction: Terra Classic (LUNC) Rises 20%, Orbeon Protocol (ORBN) Explodes 980% In Presale
The cryptocurrency market has seen some impressive gains recently, with two projects, in particular, standing out: Orbeon Protocol (ORBN) and Terra Classic (LUNC). ORBN, a decentralized crowdfunding and startup launchpad, has already exploded by 980% in its Presale. Analysts are predicting even more gains from ORBN in the near future. Meanwhile, LUNC rallied over 20%. As for Ripple (XRP), experts are divided on its future price performance. Some believe it has the potential to rise significantly, while others are more cautious. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN) In the current crypto winter, Orbeon Protocol (ORBN) has emerged as a standout performer, having gained nearly 980% in its ongoing Presale. Orbeon Protocol (ORBN) is a DeFi platform that provides users with a secure and uncomplicated way to participate in early-stage investment opportunities. Orbeon Protocol (ORBN) was created to assist entrepreneurs in raising funding without the obstacles of the venture capital industry. Orbeon Protocol (ORBN) mints NFTs against company-issued equity, and individuals can become investors by purchasing these NFTs beginning at $1. Orbeon Protocol (ORBN) places a strong emphasis on security. The "fill or kill" mechanism will repay investors if a funding round falls short, creating a safe environment for both sides. Analysts forecast that ORBN will skyrocket over 6000% from its initial pre-sale price of $0.004, resulting in a 60x return. The presale of the Orbeon Protocol (ORBN) has been a tremendous success, as the price of ORBN has increased by 980% within a few months, in large part due to benefits of being an ORBN holder. These include staking rewards, governance rights and more. Find Out More About The Orbeon Protocol Presale Website: Presale: Telegram: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
85 days ago cryptopotato
Terra Classic (LUNC) Drops 8%, Bitcoin Dips to Weekly Lows (Market Watch)
Solana also continues to suffer and currently sits below $10.
86 days ago cryptopotato
Binance Updates LUNC Burning Model Following Controversial Community Proposals
Binance plans to reduce LUNC trading fees from 100% to 50%. LUNC reacted negatively, shredding 12% on the day.
86 days ago zycrypto
Terra Classic Leads Festive Season Gains As BTC Holds Steady Above $16K
LUNC – the original crypto of Terra Luna – jumped 16% on Dec.27 to an intraday high of $0.0001848, beating Bitcoin to become the top performer in the festive season. On the other hand, the flagship crypto was trading at $16,787 in the same period, per CoinMarketCap. In December, Binance announced that it had completed […]
86 days ago cryptopotato
Altcoins Bleeding Out: Solana and LUNC Crash by Double Digits (Market Watch)
Solana and Terra Classic have lost the most from the larger cap alts, but several smaller ones are in the red too.
87 days ago cryptopotato
Terra Luna Classic Skyrockets 15% Daily, Bitcoin Aimed at $17K (Market Watch)
Terra Luna Classic (LUNC) is the best performer in the past 24 hours, up around 15%. Ripple's XRP also gained over 5%, while Bitcoin is aimed at $17K.
87 days ago cryptodaily
Binance France Faces €2.4m Lawsuit Linked To TerraUSD Failure
Binance's French subsidiary, Binance France, has been sued by fifteen investors who claim that the cryptocurrency giant violated local regulations by misleading customers. The French subsidiary of Binance has been accused of violating France's laws by promoting and distributing its cryptocurrency services before obtaining proper authorization. The plaintiffs recorded and documented their dealings on the crypto exchange, showing Binance's marketing materials for its French users. According to the plaintiffs, these were done right before Binance gained authorized registry with local regulatory bodies. The lawsuit was filed on December 14, formalizing complaints against Binance France which included allegations of securities law violations for the sale of TerraUSD and its sister cryptocurrency Terra (LUNC). The lawsuit claims that Binance was selling these digital assets in violation of law, and buyers were not warned or sufficiently informed, through advertising materials, about the risks involved in their purchases. The lawsuit outlines Binance's unlawful sale of the highly debated algorithmic stablecoin and other tokens without informing buyers regarding potential risks. In their complaint, the plaintiffs assert that Binance and its senior management were aware of the downfall of a project prior to marketing it globally. Consequently, they have allegedly lost over 2.4 million euros due to believing in false claims that this token was backed by US dollars. Investors who relied on Binance to purchase UST were sorely disappointed, as they quickly found out that the exchange was far from 'safe,' 'stable,' and/or 'fiat-backed.' Furthermore, French investors have expressed their grievances in claiming that Binance acted more like an "actual seller" when it came to any transactions taking place on its platform; rather than simply facilitating a direct exchange between those parties involved, it went so far as to actually credit or debit each individual's respective accounts. Upon inquiry, Binance France declared that they had not been notified of any civil or criminal proceedings. Additionally, the entity confirmed that no promotional activities were undertaken in France prior to receiving registration from French authorities. &ldquo;Binance did not promote in France before being allowed to do so. Telegram groups are global community forums, which any Telegram user can create or join voluntarily,&rdquo; Binance stated. It was only earlier in May this year that Binance France was able to secure a digital asset service provider with the country's regulators. The license provides the exchange as a Paris-based business to provide traders with a premier cryptocurrency platform while also serving as a custodian for businesses linked to crypto. This, despite the fact that Binance has faced immense regulatory pressure from UK and other European authorities this year, it is still determined to expand into Europe. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
90 days ago cryptopotato
Weekend Watch: Terra Classic (LUNC) Jumps 6%, Bitcoin Flat Amid $17K
Terra Classic has jumped the most ahead of Christmas, with a 6% daily increase.
100 days ago cointelegraph
Realized losses from FTX collapse peaked at $9B, far below earlier crises
Weekly-realized losses peaked at $20.5 billion when Terra Luna (LUNC) imploded and reached $33 billion when 3AC and Celsius collapsed, according to Chainalysis.
128 days ago nulltx
LUNC Price Analysis & Prediction (Nov 17th) – LUNC Sits at Long-Term Support After Months of Price Cuts
While most altcoins have shed losses in the past week, Luna Classic‘s price has recovered by 7% at the time of writing. Due to this increase, it has continued to hold support above a long-term level of $0.00016. However, the trend remains bearish on a higher time frame. LUNC has provided a sizeable discount following […] The post LUNC Price Analysis & Prediction (Nov 17th) – LUNC Sits at Long-Term Support After Months of Price Cuts appeared first on NullTX.

About Terra Classic?

The live price of Terra Classic (LUNC) today is 0.000122 USD, and with the current circulating supply of Terra Classic at 5,898,482,324,342.99 LUNC, its market capitalization stands at 718,384,741 USD. In the last 24 hours LUNC price has moved -0.000003 USD or -0.03% while 29,751,928 USD worth of LUNC has been traded on various exchanges. The current valuation of LUNC puts it at #65 in cryptocurrency rankings based on market capitalization.

Learn more about the Terra Classic blockchain network and how it works or follow the price of its native cryptocurrency LUNC and the broader market with our unique COIN360 cryptocurrency heatmap.

Terra Classic is a proof-of-stake (PoS) layer-1 blockchain for decentralized applications with a native coin LUNA Classic (previously known as LUNA) and a suite of algorithmic stablecoins pegged to fiat currencies, such as USD, GBP and KWT. It was launched in 2018 by entrepreneurs Do Kwon and Daniel Shin. 

In May 2022, Terra’s UST stablecoin, supposed to trade at $1, lost its parity with U.S. dollar and led to a collapse of the broader Terra ecosystem. By May 2022, UST was the largest algorithmic stablecoin by market capitalization and the third-largest of all stablecoins. Its implosion sent the entire crypto market into panic mode, with BTC falling below $30,000. 

In response to the crash, the community approved the proposal by Do Kwon to launch a new blockchain called Terra 2.0 without UST stablecoin as a part of the revival plan. The old blockchain was renamed to Terra Classic, and its native token name was changed to LUNA Classic (LUNC), in the same manner as Ethereum Classic. 

Prior to the collapse of UST stablecoin and the network’s native token, Terra was viewed as a prominent “Ethereum killer”. Boasting high transaction throughput and network scalability, Terra Classic was the second-largest layer-1 ecosystem by total value locked (TVL), accumulating more than $30 billion in its protocols by May. 5, 2022. 

Yet, the future of Terra Classic is now bleak as 98% of TVL was sucked from the ecosystem by May. 25, 2022, according to Footprint Analytics, and the major projects are reportedly moving off the network. 

LUNC and UST may find it virtually impossible to recover in the face of continued community backlash and loss of trust in the ecosystem's digital assets.

LUNC price

Ассording to our LUNC USD live price chart, LUNC coin saw its first major spike in Q1 2021, when it rose from $0.65 on Jan. 1 to just under $22 on Mar. 21, 2021. That 3,200$+ rally was followed by an 81% drop in May 2021. LUNC was then trading sideways until late July. 

The price of LUNC jumped again as the market entered the Layer-1 speculative frenzy in August. LUNC’s growth was perpetuated by Terra’s Columbus-5 upgrade in September, sending the coin to a new all-time high of $46.73 on Oct. 8, as per Coin360 data. 

LUNC then peaked by the end of 2022, reaching a new all-time high above $90 on Dec. 27, 2021, and achieving a market capitalization of $38 billion, despite the bearish sentiment in the broader crypto market. 

The news that Terra’s UST stablecoin will be backed by Bitcoin and evidence that the Luna Foundation Guard, a non-profit organization responsible for safeguarding the UST peg, is actively purchasing BTC fueled the price of LUNC. Terra’s native coin updated its all-time high for the final time, printing a record of $116 on Apr. 6, according to LUNC USD price chart.  

How LUNC works

Terra Classic is a smart contract platform built on the Cosmos SDK that uses Tendermint BFT consensus. Terra Classic claims to enable up to 10,000 transactions per second with a transaction finality of 2 seconds. Since smart contracts are not native to Cosmos SDK, developers utilize an external CosmWasm toolkit to build multichain contracts on Terra Classic. 

Terra Classic built bridges to multiple blockchains such as Ethereum, Solana, Avalanche, Cosmos and some layer-2s, among the others, which at a time helped the network attract massive liquidity.

The native coin of Terra Classic LUNC (previously LUNA) is used to pay for transaction fees on the network and participate in governance. Users can also stake LUNC stake in order to validate transactions on the network and receive rewards. 

LUNC also serves as a collateral for TerraUSD (UST) stablecoin. The supply of LUNC is not capped and can grow exponentially, so LUNC token has no floor price. 

Terra Classic’s two-token UST-LUNA model was, at the time, admired by the crypto community as it made UST a “truly decentralized” stablecoin, unlike its centralized counterparts USDT and USDC, or MakerDAO’s Dai, which has a mix of centralized stablecoins in its reserves. The purpose of Terra Classic was to make UST a go-to stablecoin in the broader crypto ecosystem, as well as to bring it to non-crypto audiences through e-commerce use cases. 

TerraUSD utilizes a stability mechanism where LUNC is used as a backing and is burned or minted if UST diverges from $1. In case UST lost its peg under usual market conditions and went down to $0.99, for example, traders were incentivised to swap 1 UST for $1 worth of LUNA to make $0.01 in profit. The demand for UST would then increase and its price would return to the peg. A crucial aspect that was overlooked is how the value of LUNA is directly tied to the demand for UST stablecoin. This stabilization mechanism eventually sent both UST and LUNA into the death spiral. 

LUNC news, updates and highlights

Terra Classic saw a meteoric rise throughout Q4 2021 and Q1 2022, with its TVL growing threefold during this time frame. In the time of active growth, the demand for UST, and consecutively for native coin LUNC, was constantly increasing. This can be attributed to a 20% APY on UST stablecoin offered by Anchor protocol, native demand for UST from the growing Terra ecosystem, and an array of UST integrations into other blockchains and DeFi protocols. 

As a result, the market capitalization of UST swelled to nearly $18.5 billion before the crash, while Terra Classic’s native token LUNC had a market capitalization of nearly $42 billion at its all-time high, as per Coin360 data. 

The economy showed the first signs of contraction on May 7 after a whale reportedly swapped 85 million UST for 84.5 million USDC. The UST de-peg drama started on May 8, driven by a combination of negative factors that all played out at the same time. 

First, the sell-off in the US equities sent the crypto markets into extreme fear, and LFG reserves also took a hit, making it more difficult to maintain the UST peg even if the reserve assets are sold. Mass withdrawals of UST from Anchor protocol, the leading lender on Terra Classic, was another catalyst of the collapse as the withdrawn tokens were sold on centralized exchanges like Binance, creating selling pressure on UST. The Curve DEX UST pools were also drained as traders cashed out, with an imbalance in the Curve pool causing UST to lose its peg. 

You can read how the drama unfolded in detail in this article, but in short, all UST salvation attempts turned out to be botched. Prior to the crash, the Luna Foundation Guard (LFG) had stockpiled over $3.5 billion worth of reserves, including a stash of Bitcoin. As the LFG was trying to defend the peg, it almost emptied the reserves buying UST off the market for reserve assets. This resulted in a wide-reaching domino effect, sending down the price of Bitcoin and the major altcoins. 

Meanwhile, as confidence in a peg reversion waned, users redeemed billions worth of UST for LUNC and immediately sold it on the market, causing hyperinflation in LUNC. Trillions of LUNC coins were minted, and LUNC price crashed 100% in one week, plunging to effectively zero. 

In an attempt to reconstitute the network the Terra community voted to split the network into Terra Classic, which will preserve the old tokenomics model, and Terra (or Terra 2.0), which launched without UST on May 28, 2022. 

The future of Terra Classic after a new chain is born is hard to predict, but it’s safe to say that it won’t be able to grow larger than it was prior to the UST crash, both in terms of the asset prices and activity on the network. 

The rapid and brutal collapse eroded trust to the network among users and large investors, let alone scrutiny from South Korea’s financial regulators. The largest protocols with popular use cases are also migrating to the new Terra chain, Juno network, and Polygon, among other destinations. 

Unless excess LUNC that was minted after the UST de-peg is burned by the community decision, it is impossible for the token to get anywhere close to its all-time high given the current circulating supply of $6.54 trillion tokens.

One possible scenario for Terra Classic would be the one of Ethereum Classic, another forked network. Like in the case of Ethereum and Ethereum Classic, Terra and Terra Classic have completely different tokenomics. Another similarity here would be developer activity, as the newer chain has more builders and applications. 

Though significantly lagging Ethereum in terms of development and price action, Ethereum Classic is still alive and resides in the top 50 coins by market capitalization, according to Coin360 data. Yet, it’s unclear whether Terra Classic itself would be able to make it into the next bull market. 

Frequently asked questions about LUNC?

  • Can you mine or stake LUNC?

LUNC is a Proof-of-Stake cryptocurrency, which means LUNC coins cannot be mined, but can be staked. Users can become validators themselves and receive rewards for validating transactions. Either way, LUNC holders can delegate their coins to a validator to earn rewards for staking. 

  • What are some of the best LUNC wallets?

Terra Classic offers Terra Station, its native desktop and mobile wallet. 

  • What can you do with LUNC?

You can use LUNC coins to pay for computing power on the Terra Classic network, stake them for staking rewards, or trade them against other cryptocurrencies.

  • How to buy LUNC?

After the UST crash, major exchanges halted some trading pairs with LUNC. You can still buy LUNC on ByBit (LUNC/USDT trading pair), MEXC (LUNC/USDT), or Binance (LUNC/BUSD trading pair).

Terra Classic Price0.000122 USD
Market Rank#65
Market Cap718,384,741 USD
24h Volume28,051,995 USD
Circulating Supply5,898,482,324,342.99 LUNC
Max Supply995,434,290 LUNC
Yesterday's Market Cap721,531,314.65 USD
Yesterday's Open / Close0.000126 USD / 0.000122 USD
Yesterday's High / Low0.000126 USD / 0.00012 USD
Yesterday's Change
-0.03% ( 0.000003 USD )
Yesterday's Volume29,751,927.55 USD
Mining Info
Hashing algorithmScrypt
Pools (known)1
Pools Hashrate4.05 MH/s
Network Hashrate9.72 MH/s
By MiningPoolStats
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