Crypto heavyweight kucoincom signals its support for $LUNC upgrade, launches $1 million promo campaign
) was a programmatic blockchain and platform for decentralized applications. It was launched in 2018 by Korea-based software team Terraform Labs. Do Kwon and Daniel Shin were its key figureheads.
In May 2022, Terra ecosystem collapsed as Anchor Protocol proved to be unsustainable. Both UST and LUNA dropped to almost zero levels, erasing over $45 billion in crypto market capitalization.Due to this dramatic collapse, Terra blockchain was halted to prevent users and traders from unforeseen consequences. However, it was restarted under its initial name; now the restarted chain is again working as Terra , helmed by Do Kwon.
By the end of Q3, 2022, Terra Classic gained massive popularity: with over $3.5 billion in market capitalization, it has already exploded into the top 25 cryptocurrencies by market cap . In August, it underwent a massive upgrade: its codebase was updated at the block height of 9,109,990. established itself as the"people’s exchange" due to its unmatched user-friendliness, feature-rich toolkit and rapidly growing set of trading pairs.
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