$LUNC The Terra Luna Classic (LUNC) community consists of an active and passionate group of supporters, developers, investors, and crypto enthusiasts who continue to maintain and develop the original Terra blockchain ecosystem after the collapse in May 2022.
Brief Context:
Terra Classic (LUNC) is the rebranding of the original Terra blockchain following the collapse of the LUNA token and the UST stablecoin.
The new version of the network is called Terra 2.0 (with the LUNA token), while the original network continues as Terra Classic.
LUNC is the old token, which has suffered a massive collapse in value, but the community decided not to abandon the network.
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What does the Terra Luna Classic community do?
1. Open-source development:
The community (including groups like Terra Rebels or L1 Joint Task Force) works on maintaining the network and implementing updates.
Software upgrades, on-chain governance, and DAO proposals are made.
2. Token burns:
A sustained effort is being made to reduce the huge supply of LUNC to potentially increase its value.
Some platforms, including Binance, have participated in burning a percentage of transaction fees.
3. Decentralized governance:
The community votes on proposals related to fees, development, partnerships, etc.
Everything takes place on on-chain platforms like Terra Station.
4. Promotion and attracting new developers:
Building DApps (decentralized apps) on Terra Classic is encouraged.
Ways to revitalize the ecosystem are being sought.
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Important channels for the community:
Twitter/X: #LUNC, @Terra_Rebels, @LUNCDAO, etc.
Discord and Telegram: Active support and discussion communities.
Terra Station: For staking, voting, and exploring the network.
Reddit: r/Terra_Luna and r/LUNC
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Challenges:
Volatility and lack of trust after the initial collapse.
Lack of direct support from Terraform Labs (which has moved to Terra 2.0).
The enormous inflation of the token, despite burning mechanisms.$LUNC
