What makes up Terra Classic (LUNC)?

The original native asset of Terra is now called Terra Classic (LUNC) following the crash of the UST algorithmic stablecoin in 2022. Working on the Terra Classic network, it backs decentralized applications and voting mechanisms.

In what ways are LUNC and the new LUNA tokens not the same?

As a result of the Terra ecosystem’s changes, the first chain became known as Terra Classic and uses LUNC and a new chain named Terra 2.0 began operation with LUNA as its token. They are each governed separately.

How can I purchase LUNC?

Successful exchanges you can use for trading LUNC are multichain, Binance, KuCoin and Gate.io, but maintain secure wallets when transacting.

Is it possible to stake LUNC to get rewards?

Indeed, staking your LUNC lets you take part in verifying transactions and collect staking rewards. Support for staking LUNA is available on Trust Wallet.

Which wallets are used for LUNC?

To store LUNC the following wallets can be used - Terra Station (the official wallet), Trust Wallet and Ledger devices for stronger security.

What’s the process behind burning tokens?

Members of the Terra Classic community are burning tokens to reduce LUNC in circulation and hope this will make the token more valuable.

Should LUNC be considered as a good investment?

Buying LUNC has risks because it has experienced volatility and a changing history. Nonetheless, these areas may see rewards if local residents continue to develop the communities.

How can I join Terra Classic governance?

When LUNC is staked by owners, they become entitled to vote on important network issues and future actions.

What difficulties come with owning or trading LUNC?

Risks can be found in the market’s unpredictability, blurred regulation and past issues of the project. Before you make an investment, you should find out as much as you can.

How can I obtain more resources about Terra Classic?

You can find information and support at the Terra Classic Community website, forums and in documentation. You can learn more and keep up to date by following city channels and social media handles.

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