Terra Classic is the original Terra Layer 1, built with the Cosmos SDK and now community governed, with the native token LUNC used for fees, staking, and on-chain voting.
Terra Classic is the original Terra blockchain, which launched in 2019 on the Cosmos SDK. After the 2022 collapse of its algorithmic stablecoin and the creation of a separate Terra chain, the original network was renamed Terra Classic and its token became LUNC, with development now driven by validators and stakers. Here is how it works and what it is used for, not the price.
Total value locked (DeFi)
$845,379
Value locked in DeFi protocols on Terra Classic. Updated Jun 8, 2026. Source: DefiLlama.
Terra Classic uses a Tendermint-style proof-of-stake consensus from the Cosmos stack. Validators are selected by the amount of LUNC staked to them, and holders can delegate LUNC to a validator to take part in securing the chain and earning rewards. Since the project has no central team, protocol upgrades and parameter changes are decided through on-chain governance votes by validators and stakers.
Consensus: Proof of Stake (Tendermint / CometBFT)
Terra Classic uses a Tendermint-style proof-of-stake consensus from the Cosmos stack. Validators are selected by the amount of LUNC staked to them, and holders can delegate LUNC to a validator to take part in securing the chain and earning rewards. Since the project has no central team, protocol upgrades and parameter changes are decided through on-chain governance votes by validators and stakers.
Original Terra chain
Terra Classic is the chain that existed before 2022. After the stablecoin collapse, a separate Terra chain was created and the original was renamed Terra Classic, keeping its history.
Cosmos SDK
The network is built with the Cosmos SDK and Tendermint-style consensus, and it can connect to other Cosmos chains through the inter-blockchain communication protocol.
LUNC token
LUNC is the native token. It pays transaction fees, is staked or delegated to validators, and is used to vote on governance proposals.
Community governance
With no central company, upgrades and parameter changes are proposed and decided through on-chain votes by validators and token holders.
Ecosystem & usage
What Terra Classic is used for.
Terra Classic supports staking, governance, and CosmWasm smart contracts maintained by its validator community.
Terra Classic is the original Terra Layer 1 blockchain, launched in 2019 on the Cosmos SDK. After the 2022 stablecoin collapse and the creation of a separate Terra chain, the original network was renamed Terra Classic with the token LUNC.
What is the difference between Terra Classic and Terra?
Terra Classic is the original chain that kept its full history, with the token LUNC. A separate Terra chain was created in 2022 with its own token. They are independent networks.
What is LUNC used for?
LUNC is the native token of Terra Classic. It pays transaction fees, is staked or delegated to validators, and is used to vote on governance proposals.
Who maintains Terra Classic?
Terra Classic has no central team. Validators and token holders maintain it through on-chain governance, proposing and voting on upgrades and parameter changes.
Can I hold LUNC in Zypto App?
Not yet. LUNC isn't in Zypto App at the moment. You can hold it in any self-custodial wallet, and you can ask us to add Terra Classic using the "Request Terra Classic" button above.
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