LUNC, previously Luna, is the first token of the Terra blockchain, which changed its name to Terra Classic after the Terra community’s governance proposal 1623. This was because of the UST de-pegging event. The original chain still works, but market swaps (mint/burn function) are turned off, and LUNC shows this old chain. LUNC crypto is the main staking asset of the Terra Classic network. It’s used for protecting the Proof of Stake (PoS) network and for joining in governance proposals. Even though the depegging event and the making of a new Terra chain happened, LUNC crypto keeps its use in the Terra Classic ecosystem. It works as…
