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Today we will talk about What is Terra Luna Classic Coin? Crash Explained | The "How Amazing" Channel

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What is Luna Classic?
Luna Classic is the original Terra Luna coin left behind following the launch of a new Terra chain after the recent UST/Luna collapse.

Kwon's grand plan for recovery introduced a brand new chain to conduct future transactions on. This left the Luna Classic and the Terra Classic chain. The new chain produced carries the Terra name, as does its Luna token - known as Luna 2.0.

Luna Classic also carries over the existing Luna circulating supply of 6.5 trillion. Wrapped Luna will also continue to follow Luna Classic. The term 'Classic' is likely a reference to the Ethereum/Ethereum Classic split after Ethereum's DAO hack of 2017. With Kwon stating the UST collapse is "Terra’s DAO hack moment", this seems another way to market it as such.

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