$LUNC (Terra Classic) is the original token that remained after the famous collapse of Terra in 2022. Think of it as the original blockchain that failed, but a community decided to rescue. ✅ Its flagship project is the "burn": to destroy trillions of tokens to reduce its massive supply and create scarcity. Its value today depends almost entirely on this community effort.
Its main current utility:
🔥 Deflationary Burn
· A percentage of LUNC is destroyed in each transaction
· Goal: to reduce the circulating supply (trillions of tokens)
· Aims to create scarcity through this deflationary mechanism
🔄 Uses on the Terra Classic network
· Pay transaction fees on the blockchain
· Governance: vote on community proposals
· Staking for rewards
⚡ DeFi Applications
· Farming on protocols like TerraCasino
· Loans and lending on ecosystem platforms
· NFTs and games on Terra Classic
👉The BIG difference with $LUNA 2.0:
· $LUNC = It is the old project (Terra Classic). It survived the collapse and continues on the original chain.
· $LUNA = It is the new project (Terra). It was born after the collapse, with a new chain and a team leading the development.
🔔 In summary: it is the bet to rehabilitate the original project, while $LUNA is starting from scratch. Both are high-risk investments. ⚠️
