Terra Classic (LUNC)
Terra Classic is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra Classic combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
APR
23.9%
Reward Frequency
~7 seconds
Compounding
New delegation required
Unbonding Period
21 days
Interstake One’s Validator Address
terravaloper1ya23p5cxtxwcfdrq4dmd2h0p5nc0vcl96yhjra
How to Stake LUNC
1
Use the Terra Station to stake LUNC to the Interstake One validator
2
Click on the Settings icon on the right top
3
Ensure that “Classic” network is selected
4
Click “Stake” from the navigation bar on the left
5
Go to the “Manual Stake” tab
6
Type Interstake One in the search bar or scroll down and find Interstake One validator manually and click on the validator
7
Click the “Delegate” button
8
Specify the amount of LUNС you would like to stake and click “Submit”
9
Enter your password and confirm the transaction
1
Use the Terra Station (iOS, Android) to stake LUNC to the Interstake One validator
2
Click “More” on the navigation bar and go to the “Settings”
3
Ensure that “Classic” network is selected
4
Select “Stake” from the navigation bar
5
Type Interstake One in the search bar or scroll down and find Interstake One validator manually and click on the validator
6
Click the “Delegate” button
7
Specify the amount of LUNС you would like to stake, enter your password and click “Submit”
8
Confirm the transaction
Frequently Asked Questions
You can buy LUNC on centralized exchanges, the list of which can be seen on CoinMarketCap, or on a decentralized exchange via 1inch (LUNC is LUNA on the BNB Smart Chain network) and transfer LUNA via Portal to LUNC on the Terra Classic network.
It is best to store LUNC in the Terra Station, it is a non-custodial and secure interface, including using the Ledger — hardware wallet.
You can track transactions through the Terra Finder blockchain explorer. You can insert the wallet/validator address, or transaction hash in the search bar.
First of all to increase the security of the network by locking your tokens through delegation.
Secondly to receive rewards by staking, thereby increasing the total number of your tokens.
Thirdly by staking tokens, a lock occurs, consequently out of free circulation. There will be less tokens on the market, and therefore their value will increase.
Secondly to receive rewards by staking, thereby increasing the total number of your tokens.
Thirdly by staking tokens, a lock occurs, consequently out of free circulation. There will be less tokens on the market, and therefore their value will increase.
Delegation is one of the blockchain functions that makes tokens locked for a certain period of time (until the moment of unbond tokens from staking), and also these tokens are not transferred to a third party. So when you send tokens to staking, you are still their full owner.
Staking rewards come from the Oracle Pool. The Oracle Pool is replenished from the Community Pool. The Community Pool is replenished from network fees.
To withdraw tokens from staking, you will have to make the appropriate transaction. From this point on, tokens are no longer in delegation and you do not receive staking rewards. However, full unlocking of the tokens will occur after 21 days.
Unbond or undelegating is the process of returning tokens back to the user’s wallet that were previously staked.
Unbonding period is the time after which tokens are fully unlocked on the user’s wallet.
Unbonding period is the time after which tokens are fully unlocked on the user’s wallet.
Yes. The risks may include the fact that if you have delegated your tokens to an untrustworthy validator, the validator may be jailed or slashed, which applies to delegators’ stakes as well, due to its downtime or consensus faults. To prevent possible risks, choose validators more precisely by paying attention to their experience, quality of infrastructure and uptime.
Ask for Help
Have a question or want to know more?
Write to us. We will be happy to help you.
Write to us. We will be happy to help you.
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