Question 1

What is LUNC (Luna Classic)?

Accepted Answer

LUNC, formerly known as Luna, is the original token of the Terra blockchain, which was re-branded as Terra Classic following the Terra community's governance proposal 1623. This was in response to the UST depegging incident. The original chain continues to function, albeit with market swaps (mint/burn function) disabled, and LUNC represents this legacy chain.

Question 2

What is its Purpose?

Accepted Answer

LUNC serves as the native staking asset of the Terra Classic network. It's used for securing the Proof of Stake (PoS) network and for participating in governance proposals. Despite the depegging incident and creation of a new Terra chain, LUNC maintains its utility in the Terra Classic ecosystem. It acts as collateral for the Terra Classic stablecoins and accrues rewards from transaction fees on the network.

Question 3

Who Created It?

Accepted Answer

LUNC, a component of the Terra blockchain ecosystem, was not attributed to specific individual creators. However, the Terra community significantly influenced its development, particularly after the UST depegging incident. This involvement included voting on governance proposals, which resulted in the re-branding and the establishment of a new blockchain. The Terra ecosystem itself was co-founded by Do Kwon and Daniel Shin.

Question 4

# Additional Information:

Accepted Answer

* The Terra Classic stablecoins (e.g., USTC, KRTC, EUTC) also underwent rebranding alongside LUNC.
* CryptoCompare adapted their data tracking to reflect the changes in LUNC and the new LUNA.
* Terra’s overarching goal is to build a new financial infrastructure, with a focus on algorithmically stabilized stablecoins pegged to various fiat currencies.
* The Terra stablecoin family, part of the original Terra ecosystem, aimed to maintain stability through an adaptive money supply mechanism.

Question 5

# Uncertain or Outdated Information:

Accepted Answer

* The current operational status and market relevance of LUNC might need further investigation, especially considering the dynamic nature of the cryptocurrency market and the impact of the UST depegging event.
* The future roadmap or updates for LUNC and the Terra Classic network, post-rebranding, are not detailed here and would be worth researching for the latest developments.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	LUNC-USDT LUNCUSDT	binance	AA	0.0₄4729USDT	-1.48%	39,196,511,710.25LUNC	35,131	0.0₄4800USDT	0.0₄4852USDT
2	LUNC-TRY LUNCTRY	binance	AA	0.002334TRY	-1.10%	12,863,957,445.00LUNC	6,267	0.002360TRY	0.002397TRY
3	LUNC-USD LUNAUSD	kraken	AA	0.0₄4820USD	-1.23%	3,639,531,099.72LUNC	1,113	0.0₄4880USD	0.0₄5100USD
4	LUNC-USDT LUNC_USDT	whitebit	BB	0.0₄4733USDT	-2.01%	3,663,649,924.00LUNC	9,129	0.0₄4830USDT	0.0₄4863USDT
5	LUNC-USDT LUNCUSDT	bybit	A	0.0₄4780USDT	-0.44%	2,476,141,818.76LUNC	2,714	0.0₄4801USDT	0.0₄4886USDT
6	LUNC-USDT LUNC-USDT	kucoin	BB	0.0₄4700USDT	-0.89%	2,128,800,979.65LUNC	4,481	0.0₄4742USDT	0.0₄4864USDT
7	LUNC-USDT LUNCUSDT_SPBL	bitget	BB	0.0₄4731USDT	-1.03%	1,219,393,395.00LUNC	1,192	0.0₄4780USDT	0.0₄4845USDT
8	LUNC-USDT LUNC_USDT	gateio	A	0.0₄4730USDT	-0.76%	793,672,079.20LUNC	1,338	0.0₄4766USDT	0.0₄4833USDT
9	LUNC-USDC LUNCUSDC	binance	AA	0.0₄4722USDC	-0.88%	672,592,191.56LUNC	1,352	0.0₄4764USDC	0.0₄4842USDC
10	LUNC-USD LUNC_USD	cryptodotcom	AA	0.0₄4733USD	-0.63%	256,851,000.00LUNC	175	0.0₄4763USD	0.0₄4854USD
11	LUNC-EUR LUNAEUR	kraken	AA	0.0₄4288EUR	-0.26%	161,907,362.62LUNC	69	0.0₄4299EUR	0.0₄4488EUR
12	LUNC-USDC LUNC-USDC	kucoin	BB	0.0₄4605USDC	-2.17%	23,675,101.13LUNC	92	0.0₄4707USDC	0.0₄4780USDC
13	LUNC-USDT lunc_usdt	lbank	C	0.0₄4709USDT	-2.57%	38,209,095,840.09LUNC	84,265	0.0₄4833USDT	0.0₄4887USDT
14	LUNC-USDT LUNC_USDT	p2pb2b	D	0.0₄4725USDT	-1.56%	16,345,403,686.41LUNC	22,255	0.0₄4800USDT	0.0₄4852USDT
15	LUNC-USDT lunc_usdt	xtpub	-	0.0₄4726USDT	-1.54%	11,456,957,026.00LUNC	9,197	0.0₄4800USDT	0.0₄4852USDT
16	LUNC-USDT LUNC_USDT	coinw	-	0.0₄4727USDT	-1.21%	8,760,208,259.71LUNC	5,625	0.0₄4785USDT	0.0₄4832USDT
17	LUNC-THB THB_LUNA	bitkub	C	0.001597THB	-1.84%	5,857,431,706.29LUNC	1,314	0.001627THB	0.001654THB
18	LUNC-USDT LUNCUSDT	mexc	C	0.0₄4725USDT	-1.56%	3,347,488,871.06LUNC	4,169	0.0₄4800USDT	0.0₄4849USDT
19	LUNC-USDT LUNC_USDT	bydfi	-	0.0₄4726USDT	-1.52%	1,786,190,913.28LUNC	2,587	0.0₄4799USDT	0.0₄4850USDT
20	LUNC-USDT LUNC-USDT	bingx	D	0.0₄4732USDT	-1.40%	1,755,149,040.00LUNC	9,521	0.0₄4799USDT	0.0₄4853USDT
21	LUNC-EUR LUNA-EUR	bitvavo	B	0.0₄4191EUR	-1.31%	1,325,461,803.80LUNC	177	0.0₄4247EUR	0.0₄4280EUR
22	LUNC-USDT LUNC-USDT	bigone	-	0.0₄4724USDT	-1.50%	1,018,168,589.40LUNC	4,818	0.0₄4796USDT	0.0₄4850USDT
23	LUNC-USDC LUNCUSDC	mexc	C	0.0₄4729USDC	-1.27%	569,286,063.05LUNC	1,638	0.0₄4790USDC	0.0₄4840USDC
24	LUNC-USDC LUNC_USDC	p2pb2b	D	0.0₄4722USDC	-0.88%	476,602,824.92LUNC	1,263	0.0₄4764USDC	0.0₄4842USDC
25	LUNC-USDT LUNCUSDT	bitrue	D	0.0₄4725USDT	-1.46%	208,874,968.76LUNC	3,267	0.0₄4795USDT	0.0₄4852USDT
26	LUNC-USDT LUNCUSDT	latoken	D	0.0₄4723USDT	-1.75%	210,477,774.09LUNC	1,222	0.0₄4807USDT	0.0₄4813USDT
27	LUNC-USDC LUNC_USDC	bydfi	-	0.0₄4726USDC	-1.21%	132,833,626.26LUNC	1,540	0.0₄4784USDC	0.0₄4839USDC
28	LUNC-USDT luncusdt	huobipro	C	0.0₄4700USDT	0.00%	106,721,969.57LUNC	40	0.0₄4700USDT	0.0₄4700USDT
29	LUNC-IDR luncidr	indodax	E	0.8340IDR	-2.68%	52,276,636.00LUNC	101	0.8569IDR	0.8799IDR
30	LUNC-USDT luncusdt	indodax	E	0.0₄4613USDT	-6.13%	6,996,855.20LUNC	18	0.0₄4914USDT	0.0₄4914USDT
31	LUNC-USDT LUNCUSDT	coinex	C	0.0₄4280USDT	0.00%	0LUNC	0	0.0₄4280USDT	0.0₄4280USDT
32	LUNC-USDT LUNCUSDT	hitbtc	E	0.0₄3786USDT	0.00%	0LUNC	0	0.0₄3786USDT	0.0₄3786USDT
33	LUNC-USDT LUNCUSDT	bequant	C	0.0₄3786USDT	0.00%	0LUNC	0	0.0₄3786USDT	0.0₄3786USDT
34	LUNC-BTC LUNCBTC	hitbtc	E	0.0₉6100BTC	0.00%	0LUNC	0	0.0₉6100BTC	0.0₉6100BTC
35	LUNC-BTC LUNCBTC	bequant	C	0.0₉6100BTC	0.00%	0LUNC	0	0.0₉6100BTC	0.0₉6100BTC
36	LUNC-INR LUNCINR	bitbns	-	0.001000INR	0.00%	0LUNC	0	0.001000INR	0.001000INR
37	LUNC-USDT sLUNCUSDT	phemex	C	0.0₄4721USDT	-1.83%	7,597.82LUNC	5,618	0.0₄4809USDT	0.0₄4860USDT
38	LUNC-USDT LUNC_USDT	poloniex	C	0.0₄3437USDT	0.00%	2.00LUNC	1	0.0₄3437USDT	0.0₄3437USDT
39	LUNC-USDT LUNC_USDT	bitunix	C	0.0₄6013USDT	0.00%	0LUNC	0	0.0₄6013USDT	0.0₄6013USDT