Terra Classic company info

What does Terra Classic do?
Terra Classic (CRYPTO:LUNC) is a proof-of-stake blockchain network that was originally designed to support a stablecoin ecosystem. However, the Terra Luna ecosystem collapsed in May 2022, after the UST stablecoin depegged from the US dollar. Despite the collapse of the ecosystem, the Terra Classic community has decided to continue supporting the blockchain and its native token, LUNC. The Terra Classic team is working on a number of projects to rebuild the ecosystem, including developing new LUNC-based applications and tools, integrating LUNC with other blockchains and ecosystems, and building a community of LUNC users and developers. The objectives of Terra Classic are to make Terra Classic the most widely used blockchain for stablecoin development, and to promote the development of a decentralized and user-friendly financial ecosystem. The Terra Classic team believes that Terra Classic can play a major role in achieving these objectives by providing a scalable, secure, and affordable platform for stablecoins and other decentralized financial applications.
Terra Classic company media
Company Snapshot

How many people does Terra Classic employ?

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Employees
10,000+

What is the market cap for Terra Classic?

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Market Cap
$669.0M

Where is the head office for Terra Classic?

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Head Office
Singapore

What year was Terra Classic founded?

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Year Founded
2019
What does Terra Classic specialise in?
/Arrington XRP Capital Portfolio /Binance Labs Portfolio /Coinbase Ventures Portfolio /Cosmos Ecosystem /DeFi /Hashkey Capital Portfolio /Huobi Capital Portfolio /Injective Ecosystem /Kenetic Capital Portfolio /Pantera Capital Portfolio /Payments /SEC Security Token /Solana Ecosystem /Store Of Value /Terra Ecosystem

What are the products and/or services of Terra Classic?

Overview of Terra Classic offerings
Community projects: The Terra Classic community is developing a number of projects that could potentially add new services and features to the Terra Classic ecosystem.
Cross-chain payments: LUNC can be used to make cross-chain payments via the Terra Classic bridge.
Governance: LUNC holders can participate in the governance of the Terra Classic network by voting on proposals that affect the network.
Payment for goods and services: LUNC can be used to pay for goods and services on a growing number of platforms and merchants.
Stablecoin development: Terra Classic was originally designed to support a stablecoin ecosystem, and it still has the potential to be used for this purpose.
Staking: LUNC holders can stake their tokens to earn rewards and help secure the Terra Classic network.