Terra Classic LUNC

On 2024-11-20 the current Terra Classic price/exchange rate is 0.00009881 EUR.

Terra Luna is a Proof-of-Stake (PoS) blockchain designed to take the best blockchain practices and features in order to implement them into existing financial systems.

It focuses mostly on payment processing solutions (transactions) and creating useful stablecoins.

Terra blockchain allows its users to instantly buy, sell, trade, or exchange stablecoins on their own network.

Note: Stablecoins based on the Terra blockchain have different features than Tether stablecoins. 

Terra is a protocol that creates multiple stablecoins that track the value of the fiat currency to which they are pegged. 

For example, Terra has a stablecoin for several fiat currencies from different countries (USA, UK, etc.).

It has two cryptocurrencies within its own blockchain - Terra and Luna.

Terra - stablecoin pegged to a certain fiat currency (from a certain country) and is named after that fiat currency.

For example, there is a Terra stablecoin that tracks the price of the US dollar and that is why it is called Terra USD and has the acronym UST. 

There is also a Terra stablecoin that tracks the South Korean currency Won and is called Terra KRW (KRT abbreviation).

Luna - a coin used to manage the network and maintain protocols. 

Because it is a Proof-of-Stake network, all validators who check and record transactions on the blockchain receive rewards from transaction fees.

Terra project aims to develop and support stable payment systems and open up various financial infrastructures, with the support of several stable coins pegged to several fiat currencies. 

Terra is partly a digital central bank, and partly its unique system helps replace complex and expensive payment chains consisting of banks, gateways and credit card networks.

Terra offers merchants and consumers efficiency and versatility, while consistently improving the infrastructure and tools of the entire ecosystem, achieving a payment system that is distributed, transparent and credibly neutral.

At the moment of writing this text there are 384,957,011 LUNA coins in circulation. 

The maximum number of LUNA coins that can ever be in circulation is 1 billion.

Terra Luna uses the Proof-of-Stake (PoS) protocol, which means it can’t be mined (like Bitcoin). 

LUNA holders can earn additional tokens through the staking process in Terra's consensus mechanism network.

Once the users stake LUNA, they can receive rewards. 

The rewards come directly from the swap fees (every time someone makes a switch between LUNA and Terra stablecoin it usually has to pay a fee).

The Terra project was founded in 2018. 

The founders are Daniel Shin and Do Kwon. 

Before founding Terra, the duo had several successful projects and careers.

Shin founded one of Korea’s largest e-commerce platforms, while Kwon worked at Microsoft and Apple.

On the Bitcoin Store platform, you can easily buy Terra Classic and more than 170 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification, you can deposit (EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet, and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 170 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, Trust Wallet, Ledger, Treasury, etc., or various trading platforms and must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful, you can sell your cryptocurrency. 

You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb, Rijeka, Osijek, and Split.

Verifying your identity via ID card is not required for all transactions up to 1000,00 EUR.

You can deposit cash directly to your Bitcoin Store account in the exchange office. 

The deposit amount will be visible immediately and ready for your next cryptocurrency purchase.

You can store Terra Classic in your digital wallet. 

When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store LUNC on your own Bitcoin Store Wallet. 

The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can: