How to buy Terra LUNA Classic from Bitget 

What Is Terra LUNA Classic (LUNC)?

The original name of Terra LUNA Classic is Terra (LUNA); the notorious project built on Cosmos that attempted to provide the ultimate algorithmic stablecoin UST (now USTC). After UST completely lost its peg in May 2022, the project was abandoned by developer team, but a group of Terra’s loyal supporters have picked up from there and continued the work.

How Terra LUNA Classic (LUNC) Works

LUNC remains the back-up token for USTC, meaning that an increase in LUNC value could eventually lead to the repeg of USTC. The latest move by Terra Rebels, people who are working for the revival of LUNC, is to introduce and pass the 1.2% tax burn proposal, which aims to effectively remove 1.2% of each LUNC transaction from the circulating supply. The tax is not imposed on swapping activities between USTC and LUNC. Several centralized exchanges (CEXs) have subsequently implemented the new mechanism.

How Many Terra LUNA Classic (LUNC) Tokens Are In Circulation?

Following the depegging event of USTC (back then UST) in May 2022, LUNC (formerly LUNA) was minted constantly to bring USTC value back to the US$1 mark. However, the plan got derailed when LUNC supply skyrocketed from 340 million to 6.2 trillion within a few days without USTC being saved. The current supply of Terra LUNA Classic stands at nearly 7 trillion tokens; and if a hypothetical 400 million LUNC is to be burned everyday, this mechanism would take almost seven years to get rid of the first 1 trillion LUNC tokens. More actions are therefore needed to speed up the process.

How to Buy Terra LUNA Classic (LUNC)

Consider investing in Terra Classic (LUNC)? It only takes 2 minutes to create an account on Bitget and start trading LUNC.

Check out the available LUNC trading pairs on Bitget!

Futures market

LUNCUSDT

Spot market

LUNCUSDT

LUNCUSDC

LUNC on Bitget MegaSwap (ERC-20 & BEP-20)

Related Pages

Proposal for the 1.2% Tax Parameter Change

Terra LUNA Classic Burner

Terra LUNA Classic StakeBin

Bitget: Where The World Trades Terra LUNA Classic

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How to buy Terra LUNA Classic from Bitget 

What to Do After I Buy Terra LUNA Classic

Store/Hold Terra LUNA Classic

Many users hold on to their Terra LUNA Classic with the expectation of it increasing in value. You can store your LUNC safely on your Bitget account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.

Trade Terra LUNA Classic

You can trade Terra LUNA Classic for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Terra LUNA Classic trading to meet your needs.

Send Terra LUNA Classic

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Terra LUNA Classic online and send to anyone and anywhere with their Terra LUNA Classic address.

Spend Terra LUNA Classic

You can also buy goods and services with your Terra LUNA Classic. More and more vendors and retailers accept Terra LUNA Classic every day.

Donate Terra LUNA Classic

Bitget Charity accepts Terra LUNA Classic donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Terra LUNA Classic so no one misses out on the growth made possible by blockchain.

Learn More About Terra LUNA Classic

You can read more in-depth articles on Terra LUNA Classic from Bitget Research and study how cryptocurrencies like Terra LUNA Classic work on Bitget Academy

Buy and Sell LUNC on the Move

Download the Bitget crypto trading app and trade your LUNC plus 150+ cryptocurrencies, anytime and anywhere.

(!) Cryptocurrency investment activities, including actions done to buy Terra LUNA Classic online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Terra LUNA Classic instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Terra LUNA Classic purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.