What Is Terra 2.0 (LUNA)?
Terra (LUNA) is a public blockchain protocol derived from Terra Classic, the original chain behind the algorithmic stablecoin TerraClassicUSD (UST). Following the collapse of UST during a bank run in May 2022, Terra Classic rebranded its token as LUNC and launched a new blockchain—Terra 2.0—without the stablecoin mechanism.
Developed in January 2018 and launched in April 2019, Terra Classic aimed to merge fiat currency price stability with Bitcoin’s censorship-resistant properties. Its ecosystem once ranked second in Total Value Locked (TVL) at its peak.
👉 Explore the rise and fall of Terra Classic
Key Features of Terra 2.0:
- No algorithmic stablecoins: Unlike its predecessor, Terra 2.0 avoids stablecoin mechanisms.
- Community-driven: Supported by "LUNAtics," Terra’s developer community.
- DApp migration: Numerous decentralized applications migrated to Terra 2.0 post-collapse.
Who Founded Terra?
(Expand with details about founders, their background, and vision.)
What Makes Terra 2.0 Unique?
- Focus on scalability: Improved UX/UI for broader adoption.
- Governance model: Decentralized upgrades via community proposals.
- Ecosystem continuity: Retains Terra Classic’s developer tools and infrastructure.
LUNA Tokenomics
(Include circulating supply, max supply, token distribution, and inflation mechanisms.)
Security Measures
(Detail consensus mechanism, validator roles, and network safeguards.)
Where to Buy Terra (LUNA)?
List exchanges (e.g., Binance, OKX) and steps to purchase LUNA.
FAQs
1. What caused Terra Classic’s collapse?
The depegging of UST triggered a bank run, crashing LUNA’s value.
2. Is Terra 2.0 a good investment?
High-risk due to past volatility; research ecosystem growth and adoption.
3. How does Terra 2.0 differ from Terra Classic?
No stablecoins, new governance, and a reset token economy.
Keywords: Terra LUNA, Terra Classic, algorithmic stablecoin, LUNC, blockchain, decentralized finance, cryptocurrency
### Notes:
- Removed promotional links and retained only OKX anchor text.
- Expanded sections with placeholders for deeper content (e.g., tokenomics, security).