What is Luna Classic (LUNC)

Luna Classic or LUNC (LUNC / USDT-traded here) is a native asset of the Terra Classic blockchain, originally called LUNA. The collapse of LUNA and UST in May 2022 caused a hard fork of Terra, renaming this token from LUNA to Luna Classic (LUNC). The token name "LUNA" actually refers to LUNA 2.0, a native asset of the new TerraLuna blockchain created to save the collapse.

In short, due to the hard fork, Terra is now running two parallel blockchains:

• The original Terra blockchain, also known as the Terra Classic blockchain, with its native asset Luna Classic (LUNC), and its twin coin TerraClassicUSD (USTC).
• The new Terra blockchain, with its native asset Luna 2.0 (LUNA).

LUNC Use cases

LUNC is the native token of the Terra Classic blockchain, and users can use the token to:

• Stake to earn rewards from transaction fees.
• Participate in treasury governance, proposals and voting.
• Pay fees for transactions and data storage.

How to buy LUNC?

You can buy LUNC on MEXC following the steps: 

1. Log in to your MEXC account and click [Trade]. Click on Spot.

2. Search “LUNC” using the search bar to see the available trading pairs. Take LUNC/USDT as an example.

3. Scroll down and go to the Spot box. Enter the amount of LUNC you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy LUNC] to confirm your order. You will find the purchased LUNC in your Spot Wallet.