# Introduction to Terra Classic

Terra Classic is the original Terra blockchain that launched in 2019. After the 2022 market collapse and the spin-off of a new “Terra 2.0,” the original chain was re-branded Terra Classic and turned over to its community. 

Key points:

| <p><br></p>           | Details                                                                                                                                                                    |
| --------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Consensus             | Delegated Proof-of-Stake (DPoS) secured by \~110 independent validators.                                                                                                   |
| Native Asset          | $LUNC – pays gas fees, secures the chain via staking, and acts as governance token for on-chain proposals.                                                                 |
| Community-Led Revival | No single company, group or person controls development. Independent community members and validators maintain code, funding, and marketing.                               |
| IBC Compatibility     | Full Inter-Blockchain-Communication support lets Terra Classic connect with Cosmos chains like Osmosis and Kujira—critical for cross-chain liquidity.                      |
| Narrative             | From collapse to comeback: holders, builders, and validators are determined to prove that decentralised communities can rebuild value without VCs or a central foundation. |

For Juris, Terra Classic offers a fertile base: low gas fees, an engaged retail holder base, and a story of resilience that aligns with Juris’ own “DeFi, not just DeFi—secure and community-driven” ethos.