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Terra Classic (LUNC)

€ 0,00012

-2,81 % € 0,00000
24h 1w 1m 1y All

Terra Classic Price in Euros

(LUNC to EUR)

€ 0,00012

Terra Classic Volume

(24h)

€ 138.68 M

Market Cap

(Terra Classic)

€808.4 M
BTC

What is Terra Classic

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.

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How does Terra Classic work?

Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.

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How to buy Terra Classic?

Are you looking for an exchange where you can buy Terra (Luna) with iDeal and Bancontact? At Coinmerce you buy Terra (Luna) in the easiest and fastest way.

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How to buy Terra Classic?

You want to buy Terra Classic? You can buy Terra Classic using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Terra Classic, use the search function to search for Terra Classic and click on the name. You can indicate for how many euros you want to buy Terra Classic in the right window. Below is shown how much Terra Classic you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Terra Classic when the price of Terra Classic reaches your entered value. You can also execute a repeating order. Do you want to buy Terra Classic with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Terra Classic.

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About Terra Classic

Terra has established several partnerships with payments platforms, particularly in the Asia-Pacific region. In July 2019, Terra announced a partnership with Chai, a South Korea-based mobile payments application, in which purchases made using the application on e-commerce platforms are processed via the Terra blockchain network. Each transaction is subject to (on average) a 2%–3% fee charged to the merchant.

In addition, Terra is supported by the Terra Alliance, a group of businesses and platforms advocating for the adoption of Terra. In February 2019, the company announced that e-commerce platforms from 10 different countries, representing a user base of 45 million and a gross merchandise value of $25 billion, were members of the alliance. Terra Classic (LUNC) was first known as LUNA, but after the crash in May 2022, it was renamed Terra Classic.

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Founded 2019
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Industry
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Website Website
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Network Terra
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Location South Korea
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Rank 213
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Market Cap 808.4 M
euro
Trading volume 138.68 M
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Maximum coins 0
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Circulating 6.54 T
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