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.

All labels observed (2)

Label Occurrences
Terra Classic canonical 1
TerraUSD Classic 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf Cosmos SDK-based blockchain ⓘ
blockchain network ⓘ
public blockchain ⓘ
smart contract platform ⓘ
alsoKnownAs Luna Classic chain ⓘ
Terra Classic chain ⓘ
blockchainFamily Cosmos ecosystem ⓘ
burnMechanism LUNC token burns via community proposals ⓘ
chainId columbus-5 (historical mainnet id) ⓘ
chainSplitResultedIn Terra 2.0 ⓘ
coFoundedBy Daniel Shin ⓘ
Do Kwon ⓘ
collapseImpact triggered large-scale crypto market contagion in 2022 ⓘ
consensusMechanism proof-of-stake ⓘ
createdBy Terraform Labs ⓘ
economicDesign algorithmic stablecoin with LUNA/UST mint-burn mechanism ⓘ
ecosystemIncluded Anchor Protocol ⓘ
Chai payment app integration ⓘ
Mirror Protocol ⓘ
focus algorithmic stablecoins ⓘ
formerNativeToken LUNA ⓘ
governanceBody Terra Classic community ⓘ
governanceToken LUNC ⓘ
governedBy on-chain governance ⓘ
hasStablecoin TerraUSD Classic ⓘ
linked to: Terra Classic

USTC ⓘ
launchedAs Terra (original) ⓘ
nativeToken LUNC ⓘ
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 ⓘ
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 ⓘ
statusAfterFork legacy chain ⓘ
supports CosmWasm smart contracts ⓘ
linked to: CosmWasm
supportsFeature inter-blockchain communication (IBC) ⓘ
tickerSymbol LUNC ⓘ
usesConsensusEngine Tendermint ⓘ
linked to: Tendermint Core
usesFramework Cosmos SDK ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

RenVM → supports → Terra Classic ⓘ
Terra Classic → hasStablecoin → TerraUSD Classic ⓘ
linked to: Terra Classic