What is Terra Classic (LUNC)?
Terra Classic (LUNC) is a programmable blockchain protocol that has been developed to create a digital payment system that has the autonomy, decentralisation and speed of cryptocurrency but is powered by fiat-pegged stablecoins. The Terra protocol allows that creation of stablecoins, which are non-volatile digital assets pegged to a real-world currency.
The Terra blockchain network was built using Cosmos and has been widely adopted by Asian e-commerce markets that use stablecoins pegged to the US Dollar, South Korean Won and Japanese Yen. Terra even has an AUD-pegged stablecoin called AUT.
Terra’s native token, LUNA, is used as a governance token, holders of LUNC can stake their tokens to validate transactions in the Terra ecosystem. LUNC also plays a pivotal role in maintaining the price stability of the Terra stablecoins.
To Buy and sell Terra (LUNA) tokens in Australia, sign up for a free Swyftx trading account. Using bank transfer, OSKO, POLi, PayID or your debit card, deposit AUD into your trading account, select the amount of LUNA you would like to purchase and confirm your order.
How to buy Terra Classic (LUNC) in Australia
You can easily invest in LUNA token on the Swyftx crypto exchange. Our platform allows users to buy, sell and swap Terra Classic (LUNC) and over 300+ cryptocurrencies listed on our exchange. When you trade with Swyftx, you trade with some of the lowest fees and smallest spreads on the Australian crypto market.
How to trade Terra Classic (LUNC) with Swyftx
Create an account
To trade LUNC on Swyftx, sign up for an account either via our mobile app or desktop platform.
Verify your identity
Before you can begin trading Terra Classic (LUNC) you will need to verify your identity. Verification is a quick and painless process that shouldn’t take you longer than 5 mintues to complete. You will be required to provide a form of identification, either your driver’s licence or passport.
Deposit Funds
Swyftx allows you to deposit up to $100,000 AUD per day using various payment method including: bank transfer, POLi, PayID, OSKO or debit card.
Trade Terra (LUNC)
After your funds have been cleared, you’ll be able to buy Terra Classic token (LUNC) as well as a wide range of other popular coins listed on Swyftx!
