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Luna Classic

LUNC

Terra Classic operates as a blockchain protocol utilizing fiat-pegged stablecoins for stable, global payment systems. Following the UST/Luna collapse in May 2022, LUNA Classic (LUNC) emerged as the remnant of the original Terra LUNA coin, leading to the creation of a new Terra chain.

The Terra Classic blockchain validates transactions using a proof-of-stake (PoS) consensus mechanism, with 100 validators facilitating network consensus, influenced by the amount of LUNC staked per node.

In the aftermath, the Terra Classic community rallied to rejuvenate and sustain the LUNC ecosystem, emphasizing restoration efforts to it's recovery.

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Community：

WEEX's Support for the Terra Classic Community (LUNC)

At WEEX, we stand firmly behind the Luna Classic (LUNC) community and its rejuvenation efforts. In a major initiative to directly support the recovery of the LUNC ecosystem, initiated by a collaboration with Mr.Diamondhandz1, host of the LUNCLIVE podcast, WEEX has committed to allocating 15% of our trading fees from both our Future and Spot platforms. Aiming to reduce LUNC's overall supply, enhancing its value, and demonstrating our unity with the LUNC community.

Our monthly LUNC burning events reflect our dedication to the community and our belief in the long-term potential of the Luna Classic ecosystem. Through these efforts, WEEX seeks to provide a robust trading platform and make a meaningful contribution to the sustainability and growth of the LUNC community. Join us in this endeavor to support and empower the Luna Classic ecosystem, as we collectively navigate towards a brighter future for LUNC.

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