LUNCLuna Classic price AUD (LUNC)

Luna Classic price chart

The below Luna Classic price chart tracks the price of Luna Classic against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.

What is Luna Classic?

✓Powers Luna Classic protocol ✓Algorithmic stablecoins ✓Decentralised financial infrastructure

Created by Daniel Shin and Do Kwon from the Korean blockchain company, Terraform Labs, LUNC is the native token on the Luna Classic protocol which issues stable coins pegged to a country's currency. At any time, anyone can propose to mint new stable coins. In essence, LUNC is a family of programmable digital world currencies open for anyone to transact, save or build on top of.

How do I buy Luna Classic?

  1. Deposit funds into your Cointree account using our fast and convenient options.
  2. Enter the amount of Luna Classic that you would like to buy.
  3. Confirm your purchase and Luna Classic will be instantly delivered to your Cointree account.

Don't have an account? Click here to get started

Compare other asset prices with Luna Classic

Quickly compare the past seven days’ price movements of Luna Classic with other cryptocurrencies.

Add an asset to compare

Ready to invest?

Register a free account and start investing.

Common Luna Classic (LUNC) questions

Explore the most frequently asked questions about how to buy Luna Classic.

What is the best place to buy Luna Classic (LUNC) in Australia?

With tens of thousands of Australian members, [Cointree](https://www.cointree.com/) is one of the most popular places to buy Luna Classic in Australia. All new members have to do to get started is create an account, verify their identity, deposit funds with a bank transfer, and they're ready to buy Luna Classic. We receive such high reviews as people love our easy-to-use platform, value the low fees, and take advantage of the key metrics we provide, such as the market cap and top-performing portfolios. You too can take advantage of market opportunities and easily trade Luna Classic with low fees and access to the latest data. If you want to get started, you can sign up online in minutes or reach out to our expert team who are waiting to help you if you'd like any assistance.

What's the difference between Luna Classic and LUNC?

Although they're used interchangeably by many in the crypto space, Luna Classic and LUNC have different meanings. 'Luna Classic' is used to refer to the blockchain network as a whole, while 'LUNC' is the actual token that you can buy or sell. It's the same as the difference between 'Ethereum' and 'ETH'.

How does the Luna Classic (LUNC) protocol work?

It’s a decentralised proof of stake blockchain protocol that leverages a native token, stablecoin protocol oracle system and [smart contracts](/learn/what-are-smart-contracts/) to create programmable money for the internet that is used by people all over the world. Fundamentally, Luna Classic helps build stablecoins with instant settlement.

How do Luna Classic stablecoins hold their peg?

Luna Classic stablecoins hold their peg using a price-stability algorithm that automatically alters the supply of an asset to ensure that it maintains its peg. This gives the assets a stable price, whether in AUD, USD or other currency. That means the only way to increase the market cap of a stablecoin is to increase the supply as new dollars flow into the ecosystem, as the Luna Classic stablecoins remain pegged to other currencies. It’s important to note that the stablecoins created on the protocol are different to LUNC, the Luna Classic protocol's native token. On this page, you can buy LUNC priced in AUD.

Why do investors prefer LUNC over its competitors?

Its reliable proof-of-stake blockchain and innovative technology has attracted many investors to buy LUNC, who see it as a better stablecoin than its competitors. Unlike other stablecoins, Luna Classic reduces centralisation with a protocol that functions across multiple blockchains. This is known as interoperability and is made possible thanks to Cosmos. As a result, the market cap of Luna Classic has grown rapidly and is now one of the top-ranked coins in crypto. If Luna Classic transactions continue to grow at a faster rate than its competitors and the stablecoins successfully maintain their price stability, investors may continue to buy Luna Classic over its competitors.

What layer-1 blockchains is Luna Classic built on?

At the moment, Luna Classic is live on both the Ethereum and Solana blockchains. There is already a roadmap in place for developers to make it interoperable with more blockchains in the near future. Some investors believe these events will have an impact on the Luna Classic LUNC price.

Is Luna Classic decentralised?

Much like other stablecoins, Luna Classic (LUNC) is permissionless and decentralized, making it an ideal fit for the growing digital economy. It’s especially practical for the DeFi space, which greatly benefits from the lower volatility of stablecoins in comparison to other [crypto assets](/trade/cryptocurrencies/).

What technologies does Luna Classic work with?

Within the crypto ecosystem, developers are building Dapps (decentralised apps) using the programming languages Rust, Go and AssemblyScript. They then integrate data from [oracle services](/learn/what-is-an-oracle/) like Chainlink, such as the price of a fiat currency that a stablecoin is pegged to.

What stablecoins are built with Luna Classic?

Some of the [stablecoins](/learn/what-are-stablecoins/) running on the Luna Classic protocol include TerraUSD (UST) which is pegged to the US dollar, TerraKRW (KRT) which is pegged to the South Korean won, and TerraSDR (SDT), which is pegged to the IMF’s SDR unit of account. This is only the beginning for LUNC in crypto, as developers plan to build even more stablecoins on the protocol.

What is LUNC used for?

Remember, the LUNC coin price is not pegged to AUD. As the native token for the project, it is used for staking, paying gas fees, and for governance on the platform. Moreover, many people hold the token as an investment, as they believe they see the project as a long-term investment. Others trade it, buying when they consider the AUD LUNC price to be low and selling when they see the AUD LUNC price as being high.

Buy Luna Classic (LUNC)

Use the price calculator below to enter the amount of AUD you want to buy in Luna Classic. You can also switch to convert LUNC to AUD.

$

Why is Cointree the best place to buy Luna Classic in Australia?

Easy and convenient

Easily deposit Australian dollars using a convenient method such as PayId/OSKO and then simply follow our step-by-step instructions to make your first purchase of Luna Classic.

Fast and transparent

Buy Luna Classic in Australia within minutes. Our low fees are backed up with transparent quotes, so you can buy more Luna Classic with every dollar invested.

Safe and secure

Buy Luna Classic with confidence knowing that you're using an AUSTRAC regulated Australian exchange that's been operating since 2013 and is protected with bank-level encryption.

Made for you

An intuitive platform built for our members, featuring 100’s of coins and thousands of trading pairs. Plus, tracking of your portfolio performance can be done with ease.

What can you do with your Luna Classic?

Hold Luna Classic

Many members buy and hold their Luna Classic as a long-term investment. You can hold your Luna Classic in your free multicoin wallet on Cointree or transfer it to a private wallet.

Trade Luna Classic

You can instantly trade any portion of your Luna Classic for any other digital currency within just a few clicks, and at the lowest rates in Australia.

Send Luna Classic

When you buy Luna Classic in Australia with Cointree, you can quickly and easily send your Luna Classic to any other Luna Classic wallet.

Spend Luna Classic

You can spend Luna Classic purchased in Australia when you’re online shopping or in physical stores. More and more Australian businesses are accepting Luna Classic every day.

Learn About Luna Classic

Cointree provides a comprehensive [learning hub](/learn/) to turn you from a beginner buying their first Luna Classic, to an expert holding a diversified portfolio of cryptocurrencies.

Pay Bills With Luna Classic

You can pay your Australian BPAY bills using Luna Classic or any of your other digital currencies.

Buy in just a few minutes

Start with as little as AUD $25 and deposit instantly with your bank account.