Where and how to buy Terra LUNA Classic
Step 1: Create a Bitget account.
Step 2: Complete Bitget's identity verification.
Step 3: Place a Terra LUNA Classic order through any of the various payment options provided.
Step 4:Monitor Terra LUNA Classic in your Bitget spot account
Alternative methods to obtain Terra LUNA Classic
Convert crypto to Terra LUNA Classic with Bitget Convert
Swap on-chain assets to Terra LUNA Classic with Bitget Swap
Methods to obtain Terra LUNA Classic for free
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How to buy Terra LUNA Classic in other countries?
What can you do with 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 BG 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
Market stats to assist in determining optimal times for purchasing Terra LUNA Classic
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!