What Is Terra Luna Classic? Is There a Future?

  

This Blog marks the rebranding of the website to focus on various cryptocurrencies and investments.

Lunic is the first native token of the Terra blockchain, released in August 2018.The main function of the native token was to absorb price deviation of the algorithmic stablecoin, UST.

In May 2022, UST lost its peg, creating a hyperinflationary spiral and reducing the value of Luna's token by 99%.

Despite the collapse, Terra Luna Classic (now Lunic) is supported by the community through governance, staking, and burning.

The market cap of Lunic is currently around $1.61.7 billion, down from a previous high of $40 billion.

The community's support is crucial in bringing Lunic back to a state of normalcy and achieving further growth. Terra Luna Classic is a communityled coin that aims to make people a lot of money while reviving projects and making a positive change in the crypto space.

Currently, staking Terra Luna Classic can offer as high as a 40% return, although this may not be the standard rate in the future.

Efforts are being made to bring the burn rate back to normal, including a 1.2% burn on the Terra and classic blockchains.Plans are in place to repeg ustc and introduce a new stable coin and algorithm to restore normalcy.

Utility is being brought back to the classic network, with the introduction of errors protocol, new games, NFTs, and burning within transactions.

Exchanges may implement offchain burn or the 1.2% burn tax to help achieve the desired level of growth.

The goal is for Terra Luna Classic to surpass its current market cap and become an established cryptocurrency that brings positive change to everyday investors.

 📈 Technical analysis, dilution percentages, and other factors will be considered in future discussions on the Website