$LUNC

Terra Classic is an algorithmic stablecoin platform,operating on a Proof of Stake (PoS) blockchain

infrastructure built with Tendermint. It is home tothe algorithmic stablecoin TerraClassicUSD (USTC).

After the depeg of USTC in May 2022, the communitybehind Terra Classic decided to create a newblockchain without the algorithmic stablecoinscalled Terra 2.0. The new LUNA tokens wereairdropped to the old users that were affected by

the depeg event.