Project Safety Score: 53%
Updated 1 day, 10 hours agoTerra Luna Classic is a decentralized financial payment network aimed at reconfiguring traditional payment systems using blockchain technology. Luna serves as the reserve currency for the Terra platform and facilitates various functions within the network.
The primary roles of Luna include staking to mine Terra transactions, maintaining the price stability of Terra stablecoins, and offering incentives to blockchain validators. The project is built on its native architecture that supports these functionalities, thereby enhancing its operational framework.
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.
The project's economic design scores 65 out of 100, indicating a moderate level of stability. However, the absence of a hard supply cap raises concerns about potential inflation. The developer health score is low at 19 out of 100, reflecting a lack of recent code commits and limited developer activity. Network security is also a concern, with a score of 31 out of 100, suggesting vulnerabilities in the system. Social behavior and adoption liquidity scores are moderate, indicating a reasonable level of community engagement and market presence. Notably, the project has experienced significant volatility, including a major collapse in May 2022, which has impacted investor confidence.
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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
- ✗Project has a history of hacks or exploits
- ✗No hard cap on total token supply
- ✗Regulatory action has been taken against this project
- ✗No recent code commits
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