Terra Luna Classic
LUNC #112Project Safety Score: 49%
Updated 1 minute agoRecord
Health
Security
Behavioral
& Liquidity
Terra Luna Classic is a decentralized financial payment network designed to transform traditional payment systems using blockchain technology. The native currency, Luna, serves multiple purposes within the Terra ecosystem, including staking for transaction validation, stabilizing the pricing of Terra's stablecoins, and incentivizing blockchain validators.
The project's governance model relies on the participation of Luna holders, who can influence network decisions through voting. Terra operates on a blockchain architecture specifically developed to handle these functions, although details on its founding year and founders are not specified.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Track record score 68 out of 100.
Terra Luna Classic has a solid track record with a historical presence of 7.3 years. However, there has been one regulatory action noted that has slightly impacted its regulatory clean score. The project has experienced a historical incident, but overall, it maintains a relatively strong reputation, although there are two additional concerns raised by research that warrant attention.
Economic design score 65 out of 100.
The economic design of Terra Luna Classic reveals some risks, particularly the absence of a hard supply cap, which could lead to inflation. On a positive note, a large portion, 86%, of its total supply is currently circulating, indicating a reasonable level of liquidity in the market.
Developer health score 23 out of 100.
The developer health for Terra Luna Classic is concerning, scoring only 23. The project currently has minimal activity on GitHub, reflected in the low number of stars and commits over the past month. Additionally, while there are 57 forks and 47 contributors, the lack of recent contributions suggests a need for greater development engagement to ensure continued progress.
Network security score 62 out of 100.
With a network security score of 62, Terra Luna Classic has strengths in its chain age of 7.3 years and a historical incident record. However, the economic security score is relatively low, given the current market cap of approximately $499 million, indicating some vulnerability in protecting against potential threats.
Social behavioral score 49 out of 100.
The social behavioral score for Terra Luna Classic stands at 49, reflecting a mixed outlook. While there is no social analytics snapshot available, the sentiment regarding the asset shows a positive tilt with 81% of discussions leaning upwards. However, flagged concerns related to regulatory actions and historical hacks limit the project's social credibility.
Adoption liquidity score 55 out of 100.
Terra Luna Classic has an adoption liquidity score of 55, which indicates moderate market engagement. The 24-hour trading volume is substantial at nearly $169 million, complemented by a broad presence on centralized exchanges with 49 listings, 23 of which are green-trust rated. Nevertheless, these factors must be weighed against concerns regarding market cap, which could affect overall liquidity.
Inherent to the nature of cryptocurrencies, Terra Luna Classic faces risks such as regulatory scrutiny and vulnerabilities stemming from past incidents. Prospective investors should consider these factors carefully, along with the varying degrees of project health and security dynamics, before making any investment decisions.
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Prior: Terraform LabsDo Kwon is a prominent figure in the cryptocurrency space, known for his role in the development of the Terra ecosystem.
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Prior: Harvard Business SchoolMarco Di Maggio is a professor at Harvard Business School, specializing in financial markets and blockchain technology.
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Prior: MIT Media LabNicholas Platias is a former researcher at the MIT Media Lab, focusing on blockchain and cryptocurrency research.
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SEC 2022-05-13Investigation into Terraform Labs for potential securities violations ↗
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collapse 2022-05-12The Terra Luna Classic ecosystem collapsed after the algorithmic stablecoin failed to maintain its peg, leading to a significant loss in value. ↗
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CoinDesk · 2022-05-12
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CoinTelegraph · 2022-06-15
- ✓Active community engagement
- ✓Efforts to rebuild and strengthen the blockchain
- ✗No hard cap on total token supply
- ✗Regulatory action has been taken against this project
- ✗No recent code commits
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