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# Uncertain or Outdated Information: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	0.0₄4546USDT	-2.34%	19,339,867,161.88LUNC	26,560	0.0₄4655USDT	0.0₄4744USDT
2	LUNC-TRY LUNCTRY	binance	AA	0.002252TRY	-2.17%	9,829,962,183.00LUNC	3,715	0.002302TRY	0.002345TRY
3	LUNC-USDT LUNC_USDT	whitebit	BB	0.0₄4546USDT	-3.30%	2,725,229,943.00LUNC	5,313	0.0₄4701USDT	0.0₄4767USDT
4	LUNC-USDT LUNC-USDT	kucoin	BB	0.0₄4485USDT	-2.35%	2,367,914,500.52LUNC	3,755	0.0₄4593USDT	0.0₄4685USDT
5	LUNC-USD LUNAUSD	kraken	AA	0.0₄4659USD	-1.58%	2,270,103,234.71LUNC	650	0.0₄4734USD	0.0₄4841USD
6	LUNC-USDT LUNCUSDT_SPBL	bitget	BB	0.0₄4553USDT	-2.23%	927,805,525.00LUNC	725	0.0₄4657USDT	0.0₄4747USDT
7	LUNC-USDT LUNCUSDT	bybit	A	0.0₄4578USDT	-2.62%	750,722,754.20LUNC	976	0.0₄4701USDT	0.0₄4781USDT
8	LUNC-USDC LUNCUSDC	binance	AA	0.0₄4544USDC	-2.36%	548,443,656.05LUNC	872	0.0₄4654USDC	0.0₄4734USDC
9	LUNC-USDT LUNC_USDT	gateio	A	0.0₄4535USDT	-2.52%	491,317,453.70LUNC	1,068	0.0₄4652USDT	0.0₄4739USDT
10	LUNC-USD LUNC_USD	cryptodotcom	AA	0.0₄4452USD	-4.11%	220,944,000.00LUNC	168	0.0₄4643USD	0.0₄4777USD
11	LUNC-EUR LUNAEUR	kraken	AA	0.0₄4156EUR	-1.68%	91,249,295.61LUNC	22	0.0₄4227EUR	0.0₄4253EUR
12	LUNC-USDC LUNC-USDC	kucoin	BB	0.0₄4479USDC	-2.61%	31,430,163.58LUNC	87	0.0₄4599USDC	0.0₄4694USDC
13	LUNC-USDT lunc_usdt	lbank	C	0.0₄4550USDT	-2.47%	39,336,110,300.44LUNC	85,009	0.0₄4665USDT	0.0₄4804USDT
14	LUNC-USDT LUNC_USDT	p2pb2b	D	0.0₄4548USDT	-2.30%	12,302,763,913.82LUNC	21,106	0.0₄4655USDT	0.0₄4743USDT
15	LUNC-USDT LUNC_USDT	coinw	-	0.0₄4537USDT	-2.47%	5,283,088,377.96LUNC	5,116	0.0₄4652USDT	0.0₄4736USDT
16	LUNC-THB THB_LUNA	bitkub	C	0.001560THB	-2.38%	3,294,025,638.53LUNC	1,131	0.001598THB	0.001629THB
17	LUNC-USDT lunc_usdt	xtpub	-	0.0₄4546USDT	-2.34%	2,902,599,931.00LUNC	4,053	0.0₄4655USDT	0.0₄4744USDT
18	LUNC-USDT LUNCUSDT	mexc	C	0.0₄4546USDT	-2.36%	2,681,916,812.57LUNC	3,568	0.0₄4656USDT	0.0₄4739USDT
19	LUNC-USDT LUNC-USDT	bingx	D	0.0₄4545USDT	-2.38%	1,205,222,412.00LUNC	6,959	0.0₄4656USDT	0.0₄4741USDT
20	LUNC-USDT LUNC_USDT	bydfi	-	0.0₄4547USDT	-2.34%	1,123,524,433.97LUNC	2,422	0.0₄4656USDT	0.0₄4738USDT
21	LUNC-USDT LUNC-USDT	bigone	-	0.0₄4549USDT	-2.30%	1,067,093,135.40LUNC	4,756	0.0₄4656USDT	0.0₄4745USDT
22	LUNC-EUR LUNA-EUR	bitvavo	B	0.0₄4031EUR	-1.81%	897,131,309.27LUNC	166	0.0₄4106EUR	0.0₄4181EUR
23	LUNC-USDC LUNCUSDC	mexc	C	0.0₄4544USDC	-2.30%	557,390,508.56LUNC	1,500	0.0₄4651USDC	0.0₄4735USDC
24	LUNC-USDC LUNC_USDC	p2pb2b	D	0.0₄4544USDC	-2.41%	510,853,592.25LUNC	862	0.0₄4656USDC	0.0₄4734USDC
25	LUNC-USDT LUNCUSDT	latoken	D	0.0₄4577USDT	-1.59%	360,748,762.33LUNC	2,242	0.0₄4651USDT	0.0₄4734USDT
26	LUNC-USDC LUNC_USDC	bydfi	-	0.0₄4542USDC	-2.32%	133,087,114.87LUNC	1,469	0.0₄4650USDC	0.0₄4733USDC
27	LUNC-USDT LUNCUSDT	bitrue	D	0.0₄4548USDT	-2.36%	110,697,160.21LUNC	1,683	0.0₄4658USDT	0.0₄4740USDT
28	LUNC-USDT luncusdt	huobipro	C	0.0₄4500USDT	-2.62%	23,321,423.39LUNC	45	0.0₄4621USDT	0.0₄4699USDT
29	LUNC-IDR luncidr	indodax	E	0.8110IDR	-1.72%	22,925,394.00LUNC	63	0.8252IDR	0.8500IDR
30	LUNC-USDT LUNCUSDT	hitbtc	E	0.0₄3786USDT	0.00%	0LUNC	0	0.0₄3786USDT	0.0₄3786USDT
31	LUNC-USDT LUNCUSDT	bequant	C	0.0₄3786USDT	0.00%	0LUNC	0	0.0₄3786USDT	0.0₄3786USDT
32	LUNC-USDT luncusdt	indodax	E	0.0₄4636USDT	0.00%	0LUNC	0	0.0₄4636USDT	0.0₄4636USDT
33	LUNC-BTC LUNCBTC	hitbtc	E	0.0₉6100BTC	0.00%	0LUNC	0	0.0₉6100BTC	0.0₉6100BTC
34	LUNC-BTC LUNCBTC	bequant	C	0.0₉6100BTC	0.00%	0LUNC	0	0.0₉6100BTC	0.0₉6100BTC
35	LUNC-INR LUNCINR	bitbns	-	0.001000INR	0.00%	0LUNC	0	0.001000INR	0.001000INR
36	LUNC-USDT sLUNCUSDT	phemex	C	0.0₄4538USDT	-2.39%	6,199.95LUNC	5,545	0.0₄4649USDT	0.0₄4749USDT
37	LUNC-USDT LUNC_USDT	poloniex	C	0.0₄3045USDT	-11.41%	10.00LUNC	1	0.0₄3437USDT	0.0₄3437USDT
38	LUNC-USDT LUNC_USDT	bitunix	C	0.0₄6013USDT	0.00%	0LUNC	0	0.0₄6013USDT	0.0₄6013USDT