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The Origin Story of LUNC Stablecoins

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The Origin Story of LUNC Stablecoins

The Evolution of Terra Stablecoins: From KRT to USTC

The Terra blockchain has undergone one of the most dramatic journeys in the history of decentralized finance. What started as an ambitious experiment in algorithmic stablecoins evolved into a global case study in both innovation and risk. Below is a timeline outlining the evolution of Terra’s stablecoins — from TerraKRW to TerraClassicUSD (USTC).

1. 2019 — The First Stablecoin: TerraKRW (KRT)

On April 23, 2019, the Terra mainnet was launched, marking the debut of its first algorithmic stablecoin, TerraKRW (KRT), which was pegged to the South Korean Won (₩). It was used in the CHAI payments app in South Korea for real-world transactions.

The mechanism ensured that 1 KRT equaled 1 KRW by burning or minting LUNA to maintain stability.

2. 2020 — Expansion to Multi-Fiat Stablecoins

In 2020, Terra expanded its ecosystem with multiple fiat-pegged stablecoins, including:

  • TerraUSD (UST) — pegged to the US Dollar
  • TerraMNT — pegged to the Mongolian Tögrög
  • TerraSDR — pegged to the IMF’s Special Drawing Rights basket

3. September 12, 2020 — Launch of TerraUSD (UST)

TerraUSD (UST) became the flagship algorithmic stablecoin of the Terra ecosystem. Unlike fiat-backed stablecoins, UST was supported only by an arbitrage mechanism with LUNA. It played a central role in powering major DeFi protocols on Terra, including Anchor, Mirror, and Astroport.

4. 2021 — UST Becomes Dominant

By the end of 2021, UST had overtaken all other Terra stablecoins, including KRT, in both trading volume and adoption. The Anchor Protocol’s high APY rates of 19–20% drove massive UST minting, helping its market capitalization soar to $18 billion by April 2022. Meanwhile, other Terra stablecoins became largely inactive.

5. May 7–13, 2022 — UST Depeg and Collapse

On May 7, 2022, UST slightly lost its peg, dropping from $0.99 to $0.985. Over the next few days, a catastrophic death spiral occurred:

  • UST fell below $0.10
  • LUNA’s supply hyperinflated to 6.5 trillion

The algorithmic balance mechanism that linked UST and LUNA collapsed under market pressure, leading to one of the largest failures in cryptocurrency history.

6. May 28, 2022 — Rebrand to TerraClassicUSD (USTC)

Following the collapse, Terraform Labs launched Terra 2.0. The original Terra chain was rebranded as Terra Classic. UST was renamed TerraClassicUSD (USTC), and LUNA was renamed LUNC (Terra Classic). Terra 2.0 launched without any algorithmic stablecoin, marking a new chapter for the ecosystem.

The evolution of Terra stablecoins remains a defining story in blockchain history — a powerful reminder of both the potential and the risks of algorithmic finance.

Terra Classic Staking Nears 1 Trillion LUNC as Over 18 Billion Added Today

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Terra Classic Staking Nears 1 Trillion LUNC as Over 18 Billion Added Today

Terra Classic Staking Nears 1 Trillion LUNC

Terra Classic continues to gain momentum as more holders commit their tokens to staking. In the last 24 hours, 18,330,217,829 LUNC has been added, bringing the total staked amount to 960,147,531,618 LUNC.

The network’s staking ratio has reached 14.8%, reflecting growing confidence among delegators and validators in the long-term future of Terra Classic. Staking strengthens network security, supports governance, and rewards participants who remain committed to the ecosystem.

With the total staked amount now closing in on 1 trillion LUNC, the community’s ongoing support highlights strong belief in Terra Classic’s recovery and sustainability.

How to Trade LUNC on KuCoin — Step by Step

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How to Trade LUNC on KuCoin — Step by Step

Trading Terra Classic (LUNC) on KuCoin is straightforward if you follow a few safety-first steps. Start by creating and verifying your KuCoin account, then enable two-factor authentication (2FA) for extra protection. Next, fund your account: deposit fiat or a stablecoin (like USDT) via KuCoin’s deposit options or buy USDT with a card or P2P service. Once funds arrive, transfer them to your Trading Account so they’re available for spot trades.

Find the LUNC market by searching “LUNC” in KuCoin’s Spot Market and choose a pair such as LUNC/USDT. Review the live chart and order book to pick the best time to enter.

Choose an order type: a market order buys instantly at current prices, while a limit order sets a specific price and fills when matched. Enter the amount of LUNC you want to buy and confirm the trade—remember to review fees and slippage before finalizing.

After buying, consider security and exit planning. Move significant holdings to a private wallet (hardware or non-custodial) if you don’t plan to trade frequently. To withdraw, use KuCoin’s Withdraw page, select LUNC, choose the correct network, paste your wallet address, and complete any required verifications. Always double-check addresses and perform a small test transfer first.

Quick tips: set a trading password on KuCoin for extra safety, enable withdrawal whitelist, and keep records for taxes. KuCoin’s support pages and chart tools help beginners learn the interface before trading live.

Risk reminder: cryptocurrency trading carries high volatility and risk. Only invest what you can afford to lose, use stop-loss orders when appropriate, and consider dollar-cost averaging to reduce timing risk. Review KuCoin’s latest fee schedule and regional restrictions before trading to ensure compliance and avoid unexpected limits. Stay informed, trade cautiously, and responsibly.

WESO Energy: A New Real-World Asset Project Launches on Terra Classic

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WESO Energy: A New Real-World Asset Project Launches on Terra Classic

WESO Energy: A New Real-World Asset Project Launches on Terra Classic

WESO, a Layer 2 project built on the Terra Classic blockchain, has announced the launch of its new real-world asset initiative called WESO Energy. This project represents a significant step in connecting blockchain innovation with tangible products in the global marketplace.

The WESO Energy project introduces an energy drink line that aims to combine digital value with real-world utility. According to early reports, the first sample drinks have already been produced, marking the beginning of a broader rollout plan.

This initiative highlights WESO’s vision to expand beyond the digital ecosystem by integrating blockchain-based systems with physical consumer goods. By linking on-chain assets to real-world products, WESO Energy could help demonstrate the potential of Layer 2 projects on Terra Classic to create lasting impact in both technology and business sectors.

As WESO continues to develop its RWA ecosystem, the project is expected to introduce new ways for the community to participate, potentially through tokenized incentives or branded partnerships.

The early success of the WESO Energy samples suggests strong potential for further growth and broader recognition within the Terra Classic ecosystem and beyond.

The Journey from Terra Luna to Terra Classic: A Story of Rise, Fall, and Rebirth

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The Journey from Terra Luna to Terra Classic: A Story of Rise, Fall, and Rebirth

The Journey from Terra Luna to Terra Classic

The story of Terra is one of ambition, innovation, and resilience. What began as a bold idea to reshape digital finance became one of the most dramatic journeys in the history of blockchain.

In January 2018, Do Kwon and Daniel Shin founded Terraform Labs in Seoul, South Korea. Their vision was to build a decentralized payment system that could make everyday transactions faster and more efficient using blockchain technology.

By April 2019, the Terra mainnet went live. This was the beginning of a new ecosystem powered by the LUNA token, designed to support stable digital currencies and decentralized applications. Terra quickly gained attention for its real-world use cases in e-commerce and payments.

In August 2019, Binance invested in Terra through its venture arm. This partnership boosted Terra’s credibility and helped it grow within the global crypto community.

In September 2020, Terraform Labs introduced UST, an algorithmic stablecoin pegged to the US dollar. The system used LUNA to keep UST stable through minting and burning, creating a new type of financial balance that fascinated the crypto world.

The success of UST and the expanding Terra ecosystem pushed LUNA’s value to its highest point in April 2022, reaching 119 dollars. It became one of the top cryptocurrencies, and the project seemed unstoppable.

In May 2022, UST lost its peg to the dollar, causing panic across the market. The algorithm that was meant to stabilize UST instead led to an endless creation of LUNA tokens, collapsing its value and wiping out billions in a matter of days. The once-promising network fell apart.

Out of that collapse came a new beginning. On May 28, 2022, the community launched Terra 2.0, a fresh blockchain built without the algorithmic stablecoin model. The original chain was renamed Terra Classic, or LUNC, preserving the project’s legacy and giving its supporters a new path forward.

Today, Terra Classic stands as a symbol of rebuilding and community strength. Driven by volunteers, developers, and investors, it continues to evolve with the hope of restoring trust and creating something lasting from one of crypto’s most unforgettable stories.

Terra Classic v3.6.0 Upgrade Set for October 20: What It Means for the Community

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Terra Classic v3.6.0 Upgrade Set for October 20: What It Means for the Community

Terra Classic v3.6.0 Upgrade Set for October 20: What It Means for the Community

The Terra Classic blockchain is preparing for its next major step forward. The network upgrade to version 3.6.0 is officially scheduled to take place at block height 25,619,230, expected on October 20, 2025, at 22:43:38 GMT+7.

This upgrade, approved through Proposal #12119, marks another key milestone in the ongoing revival and modernization of the Terra Classic ecosystem.

What Is Proposal #12119?

Proposal #12119 was introduced to gain community approval for upgrading the Terra Classic network to v3.6.0, also known as upgrade name “v13.”

In simple terms, this proposal ensures that Terra Classic keeps up with the latest Cosmos SDK improvements, security enhancements, and network performance updates.

Once the network reaches the designated block height, validators will update their software to the new version, bringing fresh stability and compatibility to the chain.

What Does v3.6.0 Mean for the Terra Classic Ecosystem?

Version 3.6.0 is not just a routine software update — it’s a major step that:

  • Strengthens network security to prevent potential vulnerabilities.
  • Improves node communication and transaction processing, helping the chain run faster and smoother.
  • Enhances compatibility with Cosmos features, opening doors for future integrations and cross-chain functionality.
  • Provides a stronger foundation for developers building dApps or smart contracts on Terra Classic.

These improvements ensure that Terra Classic remains reliable and competitive within the Cosmos ecosystem.

Why the Upgrade Matters

This upgrade represents the community’s continued commitment to maintaining an active and future-ready blockchain. It helps ensure that:

  • The network remains stable even under high transaction loads.
  • Validators and developers have access to updated tools that make the chain easier to maintain.
  • Investors and LUNC holders benefit from a more efficient and secure blockchain infrastructure.

By staying updated, Terra Classic reinforces confidence across its community and ensures long-term growth potential.

How the Upgrade Affects Users

For regular users, delegators, and token holders — no action is required.

All upgrades are handled by validators and core developers behind the scenes. Wallets, staking, and everyday transactions will continue to function normally once the upgrade is complete.

After the hard fork, users can expect a smoother experience, reduced network issues, and improved overall performance.

The Road Ahead

The upcoming v3.6.0 upgrade reflects Terra Classic’s ongoing progress toward becoming a stable, efficient, and community-driven blockchain once again.

As the network continues to evolve through community-approved proposals like #12119, Terra Classic demonstrates that it is not only surviving but actively moving forward — backed by builders, validators, and supporters who believe in its long-term vision.

Crypto Market Begins Recovery as LUNC Rebounds Toward $0.00004

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Crypto Market Begins Recovery as LUNC Rebounds Toward $0.00004

Quick Summary

  • Price: $0.000041
  • Daily Change: Recovery after sharp liquidation event
  • Summary: LUNC is rebounding toward $0.00004 as market sentiment improves. Key support sits near $0.00003 and resistance near $0.000045 to $0.00005.

Crypto Market Begins Recovery as LUNC Rebounds Toward $0.00004

The global cryptocurrency market is showing early signs of recovery after a major liquidation event. Nearly $19 billion in leveraged positions were liquidated on October 10, triggering a broad market sell-off. Since then, major assets have started to recover, and investor risk appetite is gradually returning.

Bitcoin has led the rebound, while large-cap altcoins have moved higher. Terra Classic (LUNC) experienced a severe drop but has started to stabilize, now testing the $0.00004 level. The following analysis summarizes the technical picture and near-term outlook for LUNC.

LUNC Price Analysis

LUNC daily chart showing liquidation drop and recovery
Daily chart: sharp liquidation on October 10 and recovery toward $0.00004.
Indicator Details Interpretation
Current Price $0.000041 Price stabilizing after heavy drop
Support Level $0.000030 Strong buy zone with visible accumulation
Resistance Level 1 $0.000045 Short-term resistance area
Resistance Level 2 $0.000050 Key level to confirm bullish continuation
Trend Direction Short-term recovery Buyers returning after capitulation
Market Sentiment Neutral to bullish Supported by Bitcoin and market rebound
Next Target (If Bullish) $0.000045 – $0.000050 Possible in the next few sessions with sustained buying
Risk Level Medium Price sensitive to Bitcoin movements and macro news

Market Outlook

The broader crypto market recovery is supporting altcoin price action. Continued strength in major assets will help LUNC sustain the bounce. Short-term momentum depends on whether LUNC can hold above $0.000035 and break through $0.000045. If that occurs, traders may target $0.00005 as the next meaningful level.

Traders should manage risk and consider position sizing given the recent volatility. On-chain metrics and community developments will remain important for long-term confidence in Terra Classic.

Note: Price levels are based on the latest daily chart analysis and rounded for clarity. This article is for informational purposes only and does not constitute financial advice.

OrbitLabs Spending Proposal for Phase 2: Removing Forked Modules (Wasmd Unforking) from Terra Classic

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OrbitLabs Spending Proposal for Phase 2: Removing Forked Modules (Wasmd Unforking) from Terra Classic






OrbitLabs Phase 2: Wasmd Unforking – Terra Classic


OrbitLabs Proposes Phase 2: Removing Forked Modules (Wasmd Unforking) from Terra Classic

Introduction

The Terra Classic community is discussing a new spending proposal from OrbitLabs. This proposal starts Phase 2 of a major network upgrade called “Wasmd Unforking.” The goal is to remove old “forked” modules from Terra Classic and reconnect the system to the main, official version used by other Cosmos-based blockchains.

What Is “Wasmd Unforking”?

Concept Explanation
Wasmd The part of the Terra Classic network that runs smart contracts — programs powering DeFi apps, tokens, and more.
Forked Modules Copies of code that were changed and developed separately from the original version.
Unforking Returning to the main version so the system stays updated and secure.
Simple Meaning Wasmd Unforking means fixing the system so it matches the original Cosmos version, keeping Terra Classic compatible, easy to maintain, and safer to upgrade.

Why This Upgrade Is Important

Reason Description
Better Security Forked code can miss security fixes. Using the main version ensures Terra Classic receives all updates and patches.
Easier Maintenance Developers can apply updates from the Cosmos team more quickly without extra fixes.
Lower Costs Unforking reduces the time and money needed to maintain separate code versions.
Better Compatibility Staying close to the main code helps Terra Classic connect easily with other Cosmos-based chains.
More Trust A stable and well-maintained system builds confidence among users, validators, and new projects.

What Phase 2 Will Do

Task Purpose
Update Wasmd System Bring Wasmd up to the latest version.
Test Smart Contracts Ensure existing contracts still function correctly.
Fix Compatibility Issues Solve any problems before launching the update.
Ensure Smooth Migration Avoid breaking live contracts during the upgrade.
Spending Proposal Fund development, testing, and audits using the community pool.

Benefits for Terra Classic

Benefit Description
Faster and Safer Upgrades Updates and patches can be applied more easily.
Easier Cosmos Integration Terra Classic becomes more compatible with other Cosmos networks.
Lower Technical Debt Reduces outdated or redundant code.
Long-Term Stability Strengthens the chain’s future performance and security.

Possible Risks

Risk Explanation
Smart Contract Issues Some contracts might stop working after the upgrade.
Temporary Disruptions The upgrade process could cause short network interruptions.
Testing Challenges Incomplete audits could lead to system errors.

What’s Next

Step Action
1. Testnet Phase Test the new Wasmd version in a safe environment.
2. Code Audit Check and fix any issues found during testing.
3. Migration Plan Prepare a safe upgrade path to avoid disruptions.
4. Mainnet Upgrade Launch the new version on Terra Classic once it’s fully ready.

Conclusion

The Wasmd Unforking project is a key step toward strengthening Terra Classic’s future. By removing old forked code and returning to the main version, the network will be more secure, efficient, and easier to upgrade.

If the community approves Phase 2, Terra Classic will be better aligned with the Cosmos ecosystem — ensuring stability, trust, and growth for years to come.


LUNC Price Falls 50%, Burn Rate Goes Up

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LUNC Price Falls 50%, Burn Rate Goes Up

LUNC Price Falls 50%, Burn Rate Goes Up

In the last seven days, the Luna Classic (LUNC) community burned 823.79 million LUNC tokens. This is one of the biggest burn amounts in recent weeks.

The burn numbers between October 10 and October 12 are shown below:

Date Amount Burned (LUNC)
October 10 378 million
October 11 174 million
October 12 110 million

The main reason for this increase is the 50% drop in LUNC’s price. When the price goes down, each LUNC is worth less in dollars. This allows people and exchanges to burn more tokens for the same amount of money.

Even with the lower price, the Luna Classic community continues to show strong support by reducing the total supply and helping the Terra Classic ecosystem grow over time.

LUNC Price Drop 50% Overnight: The Shocking Truth Behind the Crash

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LUNC Price Drop 50% Overnight: The Shocking Truth Behind the Crash

LUNC Price Drop 50% Overnight: The Shocking Truth Behind the Drop

In a stunning turn of events, LUNC (Terra Classic) plunged nearly 50% overnight, marking one of its steepest single-day declines in months. The sharp fall shocked investors and sparked panic across the cryptocurrency market.

What Caused the Massive Drop?

The downturn followed an announcement by U.S. President Donald Trump of a 100 percent tariff on Chinese imports beginning November 1. The news reignited fears of a potential trade war between the world’s two largest economies, triggering a broad sell-off in risk assets, including cryptocurrencies. According to market analysts, investors are moving toward safer assets as global uncertainty increases.

Event Impact
Trump announces 100% tariff on Chinese imports Global markets react with fear of renewed trade war
Crypto market broad sell-off Investors move to safer assets amid global uncertainty
Bitcoin falls below 110,000 USD Triggers widespread liquidations across altcoins
Over 1.6 million traders liquidated Total liquidation exceeds 19.29 billion USD — the largest in crypto history

The Largest Single-Day Liquidation in Crypto History

Over the past 24 hours, the market experienced the largest single-day liquidation event ever recorded. More than 1,659,000 traders were liquidated, resulting in a total loss exceeding 19.29 billion USD. Analysts say the event underscores the risk of excessive leverage in crypto markets, where rapid price swings can trigger large-scale automatic sell-offs within minutes.

Trade Tensions Spark Market Panic

The sell-off began shortly after U.S. President Donald Trump announced plans to impose a 100 percent tariff on Chinese imports starting November 1. The announcement reignited fears of a renewed trade war between the world’s two largest economies, pushing global investors away from riskier assets such as cryptocurrencies.

According to market strategists, traders shifted toward safer investments amid growing uncertainty in both traditional and digital markets.

Leverage Unwinds and Technical Rejections

Data from major exchanges show that a wave of leveraged long positions in Bitcoin and Ethereum was wiped out following the tariff announcement. These forced liquidations accelerated the market’s decline, causing additional price pressure.

Bitcoin also faced strong technical resistance near the 117,000 USD level. The failure to break above this threshold triggered automated sell orders and widespread profit-taking, deepening the correction.

LUNC Price Structure


LUNC’s technical setup made it especially vulnerable to a sell-off. The resistance area between
0.00006500 and 0.00007000 had already rejected several breakout attempts.
Another rejection occurred around 0.00005500–0.00006000, showing that bulls were losing strength.

Once the strong support zone at 0.00004800–0.00005200 broke, prices fell sharply with little
buying interest, sliding toward the 0.00003000 psychological level. The next potential supports
are near 0.00002500 and 0.00002000, based on historical buying zones.

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