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:

	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.