Introduction to Terra Classic
Terra Classic is the original Terra blockchain that launched in 2019. After the 2022 market collapse and the spin-off of a new “Terra 2.0,” the original chain was re-branded Terra Classic and turned over to its community.
Key points:
Details
Consensus
Delegated Proof-of-Stake (DPoS) secured by ~110 independent validators.
Native Asset
$LUNC – pays gas fees, secures the chain via staking, and acts as governance token for on-chain proposals.
Community-Led Revival
No single company, group or person controls development. Independent community members and validators maintain code, funding, and marketing.
IBC Compatibility
Full Inter-Blockchain-Communication support lets Terra Classic connect with Cosmos chains like Osmosis and Kujira—critical for cross-chain liquidity.
Narrative
From collapse to comeback: holders, builders, and validators are determined to prove that decentralised communities can rebuild value without VCs or a central foundation.
For Juris, Terra Classic offers a fertile base: low gas fees, an engaged retail holder base, and a story of resilience that aligns with Juris’ own “DeFi, not just DeFi—secure and community-driven” ethos.
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