Trade LUNC/USD
Terra Classic / US Dollar
Terra Classic (LUNC) is the native token of the original Terra blockchain, preserved by a community following the May 2022 collapse, with ongoing governance and transaction tax burn mechanisms aimed at reducing the massively inflated token supply.
Specifications
About Terra Classic (LUNC/USD)
Terra Classic is the continuation of the original Terra blockchain that was created when the Terra community voted to fork and create a new Terra 2.0 chain in May 2022. The original chain was renamed Terra Classic and its token LUNA was renamed LUNC. The original chain hyperinflated LUNA to trillions of tokens during the UST de-peg death spiral, leaving LUNC with a circulating supply in the trillions and a correspondingly tiny per-unit price. A grassroots community called the Terra Classic Community has been working to revive the chain through governance, including implementing a 1.2% on-chain burn tax on all transactions and pursuing re-pegging of USTC. The community has attracted retail speculative interest due to the sheer supply reduction math: even small burn rates applied to a trillion-token supply take years to create meaningful scarcity. LUNC/USD on StoicFX is a CFD, no LUNC tokens are purchased or held on your behalf.
Key Price Drivers
- On-chain burn tax rate and progress toward reducing the multi-trillion token supply
- USTC re-peg proposals and their effect on LUNC mint-and-burn demand
- Retail speculative surges, exchange listing decisions, and community buying campaigns
- Terraform Labs fraud case outcomes and reputational spillover from the original collapse
Peak Trading Hours
Layer 1 blockchain tokens trade around the clock as CFDs on StoicFX MT5. Volume typically follows the US and European equity sessions, when most institutional and retail crypto trading takes place.
US and European business hours (13:00-21:00 UTC)
Network upgrades, governance votes, and validator-related events can move L1 token prices at any hour. Available on MT5 from Monday 00:00 to Friday 23:59 UTC.
How to Trade LUNCUSD on StoicFX
Open an Account
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Fund Your Account
Deposit via bank transfer, card, crypto, or e-wallet.
Find LUNCUSD in MT5
Open MetaTrader 5, search for LUNCUSD in Market Watch, and add it to your chart.
Place Your Trade
Set your lot size, stop loss, and take profit, then execute your order.
FAQ
How did LUNC's supply reach trillions of tokens?
During the UST de-peg in May 2022, the Terra protocol allowed holders to burn UST to mint LUNA at the $1 nominal rate. As UST's actual market price fell below $1, the protocol was effectively issuing LUNA at a large premium to its market value. This created an arbitrage that automated bots exploited at massive scale, minting vast quantities of new LUNA in seconds. Within days, the LUNA supply expanded from roughly 350 million tokens to over 6 trillion, destroying the token's value through hyperinflationary dilution.
How does the 1.2% burn tax work on Terra Classic?
The Terra Classic community implemented a 1.2% on-chain transaction tax through governance. On every on-chain LUNC transaction, 1.2% of the transferred amount is sent to a burn wallet and permanently removed from circulation. Some centralized exchanges have also voluntarily implemented a burn on LUNC withdrawals and deposits. Given the trillions of tokens in circulation, even high transaction volumes take years to make a mathematically significant dent in the total supply at a 1.2% rate.
Is there any meaningful development activity on Terra Classic?
The Terra Classic community has a developer team and active governance separate from Terraform Labs. Development has focused on protocol security patches, the burn mechanism, and attempts to revive USTC. The chain has fewer applications and significantly less TVL than before the collapse, but it continues to process transactions and governance votes. The community's efforts are largely independent of the original Terraform Labs team.
If I trade LUNC/USD on StoicFX, do I hold any LUNC tokens?
No. LUNC/USD on StoicFX is a Contract for Difference. You trade LUNC's price against the US dollar without holding any tokens. To participate in Terra Classic governance, contribute to the burn mechanism, or use USTC you would need actual LUNC tokens in a Terra Classic-compatible wallet.
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CFDs are complex instruments and carry a high risk of rapid capital loss due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.