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  • Tokens

    • Terra Luna Classic (LUNC)

    10/17/2025 04:00 UTC

    $0.04 402

    % Today
    1.03%

    Unlock Schedule

    Terra Luna Classic (LUNC) Token Unlock & Vesting Schedule

    The unlock chart above provides a clear visual overview of the Terra Luna Classic (LUNC) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence LUNC price performance.

    Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

    Tokenomics & Utility

    • Fee token and gas: LUNC pays transaction fees (gas) and is the base denomination for activity on the Terra Luna Classic blockchain. (classic-docs.terra.money)
    • Staking and governance: Holders stake LUNC with validators to secure the chain and earn rewards; stakers can vote on parameter changes and community‑fund grants. A notable governance action in mid‑2022 re‑enabled staking/delegations to restore normal validator operations. (classic-agora.terra.money)
    • Burn tax evolution: In September 2022, the community passed proposals 3568 and 4159 to introduce a 1.2% on‑chain tax burn on Terra Classic transactions. In October 2022, proposal 5234 lowered the rate to 0.2%. In May 2023, proposal 11515 raised it to 0.5%, with a portion of the tax routed to the community and oracle pools. These changes illustrate how Terra Luna Classic tokenomics can be tuned by governance over time. (support.poloniex.com)
    • Post‑split settings: After the chain split, the market swap (mint/burn) mechanism tied to the old algorithmic stablecoin was disabled on the original chain, clarifying LUNC’s role as a utility and governance asset rather than a stabilizer for a new algorithmic stablecoin. (kucoin.com)

    LUNC’s core utilities—paying fees, staking, and governance—keep the network functioning. Community‑driven burns and fee routing aim to balance incentives for users, validators, and builders across market cycles, a design often discussed when people analyze long‑term LUNC price narratives without relying on day‑to‑day quotes. (coinspot.zendesk.com)

    Assumptions

    • LUNC supply is uncapped/dynamic.

      Terra Classic uses algorithmic mint/burn (historically) and governance-controlled parameters; no fixed max supply.

    • Genesis mint set to ~996,896,990 LUNA at launch.

      Exchange listing documentation for original Terra (pre-rebrand) reports total token supply near 997M at genesis.

    • Hyperinflation mint modeled as 6.5 trillion LUNC from 2022-05-07 to 2022-05-27.

      Multiple primary/industry sources report supply surged to ~6.5T–6.536T during/just after the de-peg; exact gross minted vs. net after interim burns varies. We model a single linear monthly unlock over this crash window.

    • Remint from burns captured as 899,224,538.5 LUNC across late 2022–early 2023.

      Community proposals and coverage identified this precise amount reminted from Binance burns; actual weekly cadence aggregated to a monthly linear schedule for charting.

    • No ongoing PoS inflation issuance included.

      Core dev documentation indicated inflation parameters were set to 0% on Terra Classic during this period; staking rewards sourced from fees/taxes, not new mints.

    Allocations

    Genesis Mint
    0.00%
    Percentage of total token supply
    70%
    How certain we are about this information
    996,896,990 tokens
    Cliff: Apr 23, 2019 — NaN% of allocation
    Initial LUNA (now LUNC) minted at mainnet launch (Columbus) and allocated per original token distribution (backers, team, stability reserves, Terra Alliance, genesis liquidity).
    Algorithmic Market Module Minting (USTC redemptions)
    0.00%
    Percentage of total token supply
    60%
    How certain we are about this information
    6,500,000,000,000 tokens
    Linear vesting: May 7, 2022 - May 27, 2022 (monthly)
    Emergency minting via Terra Classic x/market during USTC de-peg hyperinflation; LUNC was minted when USTC was burned to defend the peg. Market module allowed mint/burn swaps; seigniorage burned post-Columbus-5. Minting was later disabled/curtailed by governance after the crash.
    Seigniorage Remint from On-Chain Burns (Community/Oracle Pool remint)
    0.00%
    Percentage of total token supply
    70%
    How certain we are about this information
    899,224,538.5 tokens
    Linear vesting: Oct 19, 2022 - Feb 28, 2023 (monthly)
    Governance enabled reminting a portion of weekly net burns into the Community/Oracle Pool via Treasury RewardPolicy (e.g., under Prop 5234 and follow-ups). Community later moved to cease/remit to 0% following Binance concerns. Amount modeled from community records citing 899,224,538.5 LUNC reminted from Binance burns; represents known non-zero issuance in this window.
    Last Updated: 10/16/2025 12:50 UTC

    Description

    #301

    Terra Luna Classic is a cryptocurrency that leverages the Terra blockchain, which aims to create a global payment system with interoperability with other blockchains. Terra Luna Classic is the original token of the Terra network, which was launched in April 2019.

    Sector: Layer 1
    Blockchain: Other L1
    2019
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