Terra Luna Classic to Hold AMA on X on June 18th
Terra Luna Classic will host an AMA on X on June 18th at 15:00 UTC. The event will provide an opportunity to delve into the details of the recent developments and understand what lies ahead for Terra Luna Classic.
Refer to the official tweet by LUNC:
Terra 🌍 Powered by LUNA 🌕@terra_moneyJun 13, 2024Join @fleece_cannon for a Space this coming Tuesday on the recent TFL news, everything that's happened since the trial, and what happens next. Bring your questions!
📅 June 18th
🕒 15:00 UTChttps://t.co/7hw0kgS36N
LUNC Info
Terra is a blockchain protocol for global payment systems that utilizes stablecoins pegged to fiat currencies.
Terra stands out by employing stablecoins tied to fiat currencies, claiming to combine the borderless advantages of cryptocurrencies with the everyday price stability of fiat currencies. The 1:1 price peg is maintained through an algorithm that automatically adjusts the supply of the stablecoin based on demand.
The security of the Terra network is ensured by a proof-of-stake consensus algorithm based on the Tendermint protocol. In this system, LUNA token holders participate in transaction validation by staking their tokens, receiving compensation directly proportional to the amount of LUNA they have staked.
LUNA Classic (LUNC) is the original Terra LUNA coin left behind after the recent UST/Luna collapse and the establishment of a new Terra chain.
The old chain was split into the LUNA Classic and the Terra chains. Terra will be the name of the new chain (known as LUNA 2.0), and LUNA Classic (LUNC) is the original Terra LUNA blockchain’s native token.