Terra Classic
E773510
Terra Classic is the original version of the Terra blockchain network, best known for its algorithmic stablecoin ecosystem and the subsequent collapse that led to the creation of a new Terra chain.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
Cosmos SDK-based blockchain
ⓘ
blockchain network ⓘ public blockchain ⓘ smart contract platform ⓘ |
| alsoKnownAs |
Luna Classic chain
NERFINISHED
ⓘ
Terra Classic chain ⓘ |
| blockchainFamily | Cosmos ecosystem ⓘ |
| burnMechanism | LUNC token burns via community proposals ⓘ |
| chainId | columbus-5 (historical mainnet id) ⓘ |
| chainSplitResultedIn | Terra 2.0 NERFINISHED ⓘ |
| coFoundedBy |
Daniel Shin
NERFINISHED
ⓘ
Do Kwon NERFINISHED ⓘ |
| collapseImpact | triggered large-scale crypto market contagion in 2022 ⓘ |
| consensusMechanism | proof-of-stake ⓘ |
| createdBy | Terraform Labs NERFINISHED ⓘ |
| economicDesign | algorithmic stablecoin with LUNA/UST mint-burn mechanism ⓘ |
| ecosystemIncluded |
Anchor Protocol
NERFINISHED
ⓘ
Chai payment app integration ⓘ Mirror Protocol NERFINISHED ⓘ |
| focus | algorithmic stablecoins ⓘ |
| formerNativeToken | LUNA NERFINISHED ⓘ |
| governanceBody | Terra Classic community ⓘ |
| governanceToken | LUNC NERFINISHED ⓘ |
| governedBy | on-chain governance ⓘ |
| hasStablecoin |
TerraUSD Classic
NERFINISHED
ⓘ
USTC NERFINISHED ⓘ |
| launchedAs | Terra (original) NERFINISHED ⓘ |
| nativeToken | LUNC NERFINISHED ⓘ |
| networkType | public permissionless blockchain ⓘ |
| notableEvent |
UST depeg in May 2022
ⓘ
ecosystem collapse in May 2022 ⓘ hard fork to create Terra 2.0 in May 2022 ⓘ |
| previousGovernanceToken | LUNA NERFINISHED ⓘ |
| primaryProgrammingLanguage | Rust for CosmWasm smart contracts ⓘ |
| regulatoryAttention | subject of multiple investigations related to 2022 collapse ⓘ |
| relationshipTo | original Terra chain ⓘ |
| renamedTo | Terra Classic after Terra 2.0 launch ⓘ |
| securityModel | validator-based staking ⓘ |
| settlementLayerFor | Terra-based DeFi protocols ⓘ |
| stablecoinTicker | USTC NERFINISHED ⓘ |
| statusAfterFork | legacy chain ⓘ |
| supports | CosmWasm smart contracts NERFINISHED ⓘ |
| supportsFeature | inter-blockchain communication (IBC) ⓘ |
| tickerSymbol | LUNC NERFINISHED ⓘ |
| usesConsensusEngine | Tendermint NERFINISHED ⓘ |
| usesFramework | Cosmos SDK NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.