ترا کلاسیک LUNC / Terra Classic

What Is Terra Classic (LUNC)?

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund's Special Drawing Rights basket of currencies — and it intends to roll out additional options.

On May 28, 2022, the genesis block of the new chain was launched to conduct future transactions under the name Terra (LUNA), and the original Terra Chain was rebranded as Terra Classic. The original native token — LUNA has also been renamed as LUNA Classic (LUNC). Moreover, all network stablecoins (UST, KRT, EUT) have been renamed to Terra Classic stablecoins (USTC, KRTC, EUTC). There will be no Terra stablecoins on the new chain.

There is a theory that the additional term “classic” is a reference to the Ethereum / Ethereum Classic split in 2017. According to CEO, Do Kwon, the collapse of UST in the spring of 2022 is the equivalent moment of the Ethereum’s DAO hack that took place in 2017.

What Is Luna Classic (LUNC)?

Luna Classic (LUNC) is the first native token of Terra blockchain released in August 2018. $LUNC existed before the launch of the new chain — now branded Terra (LUNA) — and works with the original code of the Terra ecosystem.

عملکرد اصلی که توکن بومی انجام داد جذب انحراف قیمت استیبل کوین الگوریتمی - UST بود. قیمت استیبل کوین UST با ضرب و سوزاندن توکن های UST به دلار آمریکا متصل شد تا عرضه و تقاضای سکه متعادل شود. در می 2022، UST میخ خود را از دست داد و سقوط کرد. الگوریتم استیبل کوین UST تریلیون ها توکن LUNA ایجاد کرد، در یک مارپیچ ابر تورمی قرار گرفت و ارزش توکن LUNA اصلی را 99٪ کاهش داد.

بخوانید: خرابی کامل تصادف Terra

What is the difference between Terra (LUNA) and Terra Classic (LUNC)?