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Gold
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Options
Hot
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Learn the basics of futures trading
Futures Events
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Demo Trading
Use virtual funds to practice risk-free trading
CFD
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Trade quality Hong Kong-listed stocks
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IPO Access
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GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
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Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
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AI
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Gate AI Bot
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Gate for AI Agent
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Gate Skills Hub
10K+ Skills
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What is Terra Luna Classic?
Terra Luna Classic (LUNC) is the original token of the Terra blockchain, renamed after the ecosystem's catastrophic collapse in May 2022 . Unlike the new Terra (LUNA 2.0) chain, LUNC operates as a community-driven project focused on recovery through aggressive deflationary mechanisms . It serves as the native staking asset for the Terra Classic network, securing its Proof-of-Stake system and enabling governance participation .
Recovery Efforts and Outlook
The community has implemented a 0.5% burn tax on all on-chain transactions, permanently removing over 436 billion LUNC from circulation . Major exchanges like Binance contribute significantly to these burns . Currently trading near $0.000049, LUNC recently surged 24% amid renewed legal scrutiny of firms involved in the original collapse and accelerated burning . However, with 5.47 trillion tokens remaining, meaningful price appreciation faces significant mathematical hurdles without drastically accelerating the burn rate .