While the majority get shivers when they think of anything to do with Terra Network following its recent misgivings after its stablecoin, the TerraUSD, de-pegged and lead to the collapse of the original LUNA coin, the Terra Classic cryptocurrency has started gaining traction as the LUNC coin starts to register gains over 100% in a week.
According to data from CoinMarketCap, the current LUNC trading volume is about $472,842,800 proving that crypto traders are once again taking interest in the cryptocurrency.
What is Terra Classic?
Terra Classic originated from the hard form of the original Terra Network where the old chain was renamed Terra Classic and the new chain was named Terra 2.0.
The original LUNA token, which operated on the original Terra Network, was also renamed LUNC and it now operates on the Terra Classic chain. The native token of the new Terra 2.0 chain is referred to as LUNA 2.0.
While the new Terra 2.0 seems to have captured the attention of a majority of previous Terra investors, Terra Classic recently bagged its first real use case after StarShip Metaverse integrated it into its metaverse ecosystem where LUNC coin will be used as a mode of payment. In addition, the StarShip Metaverse shall burn 1.2% of every LUNC token sent to it as payment.
Where to buy LUNC coin?
After the Terra debacle, most crypto exchanges that had listed Terra LUNA delisted it. Others like Coinbase, which had listed the wrapped version of LUNA, the Wrapped LUNA (WLUNA), also paused its trading.
At the moment, the majority of exchanges only allow the trading of LUNC pairs. Some of the exchanges that allow LUNC pairs trading include:
But if you want to buy the LUNC coin using fiat so that you can hold it while waiting for its price to rebound, you can visit the FTX crypto exchange.