What Is Terra LUNA Classic (LUNC)?
The original name of Terra LUNA Classic is Terra (LUNA); the notorious project built on Cosmos that attempted to provide the ultimate algorithmic stablecoin UST (now USTC). After UST completely lost its peg in May 2022, the project was abandoned by developer team, but a group of Terra’s loyal supporters have picked up from there and continued the work.
How Terra LUNA Classic (LUNC) Works
LUNC remains the back-up token for USTC, meaning that an increase in LUNC value could eventually lead to the repeg of USTC. The latest move by Terra Rebels, people who are working for the revival of LUNC, is to introduce and pass the 1.2% tax burn proposal, which aims to effectively remove 1.2% of each LUNC transaction from the circulating supply. The tax is not imposed on swapping activities between USTC and LUNC. Several centralized exchanges (CEXs) have subsequently implemented the new mechanism.
How Many Terra LUNA Classic (LUNC) Tokens Are In Circulation?
Following the depegging event of USTC (back then UST) in May 2022, LUNC (formerly LUNA) was minted constantly to bring USTC value back to the US$1 mark. However, the plan got derailed when LUNC supply skyrocketed from 340 million to 6.2 trillion within a few days without USTC being saved. The current supply of Terra LUNA Classic stands at nearly 7 trillion tokens; and if a hypothetical 400 million LUNC is to be burned everyday, this mechanism would take almost seven years to get rid of the first 1 trillion LUNC tokens. More actions are therefore needed to speed up the process.
How to Buy Terra LUNA Classic (LUNC)
Consider investing in Terra Classic (LUNC)? It only takes 2 minutes to create an account on Bitget and start trading LUNC.
Check out the available LUNC trading pairs on Bitget!
Futures market
Spot market
LUNC on Bitget MegaSwap (ERC-20 BEP-20)
Related Pages
Simple 3-step guide to buying LUNC today in Peru
Create your free Bitget account
Select a funding method
Complete your Terra Classic purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Terra Classic using a payment method of your choice:
Buy Terra Classic with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tabCredit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Select your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
For Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Terra Classic order.How to buy crypto with credit/debit cardBuy Terra Classic with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Terra Classic is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Terra Classic order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Terra Classic order.Buy Terra Classic with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Terra Classic order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Terra Classic in your Bitget spot wallet

Bitget—where the world trades Terra Classic
How to buy Terra Classic for free
- Learn how to earn Terra Classic for free through the Learn2Earn promotion
- Earn free Terra Classic by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Terra Classic airdrops by joining On-going challenges and promotions

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FAQ
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Located on the Pacific coast of South America, Peru is the third largest country in the continent, boasting a population of 32 million. Lima stands as both its capital and biggest city and is home to almost a third of the country’s entire population, overlooking Peru’s scenic western coast while serving as the nation’s political, financial, commercial, and cultural hub.
If you’re a fan of the great outdoors, Peru is perfect for those looking to experience a diverse range of biomes, spanning from the Pacific Ocean by the west to the famed Andes mountains running from north to south and finally to the Amazon Rainforest and River located in the east.
Economically, Peru is also one of the region’s most prosperous countries, reporting an average growth rate of 5.9% in 2017 and an industrial growth rate of 9.6% as of 2018. It forms part of an economic group in Latin America known as The Pacific Pumas and also actively partakes in the Asia-Pacific Economic Cooperation forum, the Pacific Alliance trade bloc, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and the World Trade Organization.
Peru’s national currency is the Sol (PEN), and with direct support from Bitget, you can purchase Terra Classic(LUNC) in a matter of minutes, whether you’re in Lima, Arequipa, Trujillo, Chiclayo, or elsewhere in the country. Our exchange uses a variety of secure methods including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and numerous credit cards to offer you plenty of payment options with proven security.