• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Luna Cryptocurrency Airdrop 1024x576 1 120x120 1

Lunc Staking: How To Stake Luna Classic And Earn Reward

September 27, 2023
freshdesk

What is Freshdesk?

September 28, 2023
Earning Passive Income with Crypto Lending

Earning Passive Income with Crypto Lending: A Step-by-Step Tutorial

September 28, 2023
Loom Coin price prediction

Loom Coin Price Prediction – Forecasts for 2023 – 2030

September 28, 2023
Cream Coin Price Prediction

Cream Coin Price Prediction – Forecasts for 2023 – 2030

September 28, 2023
Is Linea Voyage NFT Worthless

Is Linea Voyage NFT Worthless or Valueable?

September 28, 2023
islamic coin

Islamic Coin – What is the main mission of the Islamic Coin

September 28, 2023
What is Twitterscan and How to Qualify for Twitterscan Airdrop

What is Twitterscan and How to Qualify for Twitterscan Airdrop

September 28, 2023
What is Arkham Intelligence

Arkham Intelligence – How to Use Arkham Intel the Right Way

September 27, 2023
What Are Exchange Traded Funds (ETFs)

What Are Exchange Traded Funds (ETFs)

September 27, 2023
Sidra Bank Coin Price Prediction

Sidra Bank Coin Price Prediction: A Promising Investment Opportunity

September 27, 2023
reveel airdrop

Reveel Airdrop – How to Participate in Reveel Protocol Airdrop

September 27, 2023
Introducing KTX.Finance - a decentralized derivate exchange

Introducing KTX.Finance – A Decentralized Derivatives Exchange

September 27, 2023
ADVERTISEMENT
  • Home
  • Crypto News
  • Price Predictions
  • Reviews
  • NFTs
  • Forex & Finance
  • Airdrop
Friday, September 29, 2023
  • Login
Bulliscoming
  • Home
  • Crypto News
  • Price Predictions
  • Reviews
  • NFTs
  • Forex & Finance
  • Airdrop
No Result
View All Result
Bulliscoming
No Result
View All Result
ADVERTISEMENT
Home Crypto Talks

Lunc Staking: How To Stake Luna Classic And Earn Reward

by Samson Olatinwo
September 27, 2023
in Crypto Talks
0
Luna Cryptocurrency Airdrop 1024x576 1 120x120 1
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

The Luna classic coin has been gaining so much traction over the past few days, and it’s being discussed in every notable crypto community, and its mentions have increased across different social media platforms, especially Twitter.

This massive traction was influenced by the new development in the Terra classic blockchain that was recently announced by a DAO community named “LUNC DAO”.

RelatedPosts

Discover The Promise And Pitfalls Of SocialFi Projects (Untold Truth)

Arbitrum Crypto Price Prediction 2023 Revealed!

Bitcoin Mining Bringing Positive Change Among People

The development is a staking feature in the network that will allow Luna community to support in revival of the coin. Lunc staking happened to be welcomed by the Luna classic community as they are enthusiastic about reviving the Luna classic token and the ecosystem at large.

ADVERTISEMENT

Hence, many more people are also eager to know how to stake Lunc, this article will take a deep dive into Lunc staking and an easy-to-understand guide on how to stake Luna classic and earn rewards. But before then, it’s essential to know more about LUNC DAO — a DAO community that makes this new development a success.

What Is LUNC DAO?

7nKgFgXFq3GLpeinum3L cWgqgZUqC9 Gdj iNz2tqgvcmnQmCErTCl2d859yOov JUJSbBjROU

LUNC DAO can be considered the current lifeblood of the Terra classic blockchain network. The DAO is an organized community where everyone has a voice in the ecosystem.

The DAO (Decentralized Autonomous Organization) will give the community power to govern the Terra classic ecosystem and vote for any update, development, and changes in the ecosystem.

After the Luna classic massive crash that happened a few months ago due to the UST (terra algorithmic stablecoin) depeg, a “burn event” was requested by the community to reduce the Lunc token supply and revive the price back.

ADVERTISEMENT

But it seems the co-founder of Luna, Do Kwon, turned a deaf ear to the community recommendation, and, thus a new Luna chain was created.

The old chain was rebranded to “Luna Classic (Lunc)” while the new chain was named Luna.

However, some developers and community builders that have built protocols including Prism protocol in the blockchain network since its inception have decided to build a DAO — the aim is to revive and bring the Lunc coin back to life as stated in a tweet.

How To Stake Lunc And Earn Reward

gvPgqfzycsK15NIx3J0CA dY0OOp2ChK BEXdA

The new development in the Terra classic blockchain network has amassed positive results for the token, LUNC — as the DAO made it known in the aforementioned tweet that the milestone of staking was reached within a few hours after the development updates.

They believe this development will help the Lunc coin that has been perceived as a dead bone to rise back again and shock the crypto enthusiast, thus a reason for you to participate in the Lunc staking.

If you’ve decided to stake Lunc coin in different platforms, then read along and follow the guides below.

How To Stake Luna Classic In Terra Station

If you want to partake in Lunc staking, it’s essential to know how to stake Luna classic in Terra station.

ADVERTISEMENT

Now let’s get to the full guides:

  • Create a Terra station wallet

The first you should do if you want to stake Luna classic in Terra station is to have a Terra station wallet by creating it.

This is because the wallet is where all the staking procedures would take place.

  • Buy Lunc token on a crypto exchange platform

The next step to take after creating a wallet successfully is to buy the Lunc token that you want to stake in Terra station. There are a wide range of crypto exchanges such as Crypto.com, Binance, Huobi global, etc that support buying and selling of Luna classic coin. 

You can select any of them based on your preference and utilize the deposit methods available on the platform to fund your wallet with USDT or BTC to buy LUNC.

  • Send Lunc To Terra station and delegate

After you’ve successfully bought the Luna classic coin, you would need to withdraw LUNC bought to the Terra station wallet that you’ve created.

Then on the Terra station page, click on “stake” and select the validators you would like to delegate your LUNC to, and click on “delegate”, and input the amount of LUNC you wish to delegate to confirm the transaction.

How To Stake Luna Classic On Crypto.com

Crypto.com claims to be the world’s fastest crypto platform and it enables users to buy and sell a wide array of crypto assets, 250+ crypto assets can be traded on the exchange.

The exchange platform enables users to deposit funds in their account with different deposit methods including bank transfer, and debit/credit card. Another amazing product of the platform is the branded visa card that enables users to top up their accounts or pay for anything online.

Crypto.com enables buying and selling of Luna classic coins and allows you to stake your Lunc to earn rewards. To stake Lunc on Crypto.com, you need to register an account with the exchange platform, but you can skip that process and log in instead if you already have an account.

Once you’ve logged in, top up your account with the available deposit method and buy Luna classic coin on the exchange.

Lunc staking is supported in Crypto.com currently but seems to be available soon owing to the recent report on August 26 that cited support for the Terra classic network upgrades.

However, if the assumption could come true, you don’t need to send or withdraw the Lunc anywhere, what you just have to do is navigate to the staking page by clicking on the “stake and earn” button. 

After that, you would select “Stake LUNC” and then input the amount of LUNC you would like to stake and click on “confirm”.

Luna Classic Staking Reward

There should be a benefit attached to staking your Luna classic coin, and thus the staking reward.

When you stake your LUNC by delegating them to a validator, you’d be earning a portion from the transaction fees in the Terra classic network.

Conclusion 

This article explained an in-depth guide on Lunc staking, and also what influenced the sudden increase of the LUNC token.

The new staking feature in the Luna classic ecosystem has also indicated the community’s interest in the revival of the coin.

However, it’s worth noting that some investors are still skeptical about investing in Lunc due to the past crisis that happened in the network. 

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: crypto talks
Share196Tweet123
Samson Olatinwo

Samson Olatinwo

Samson Olatinwo is a creative blockchain content writer and strategist, a young fellow that derives passion from creating relevant and engaging content about cryptocurrency and blockchain technology. I write SEO-optimized content to improve web3 project visibility on search engines. Open to collaboration: samsonolatinwo3@gmail.com.

Related Posts

Discover The Promise And Pitfalls Of SocialFi Projects (Untold Truth)

Discover The Promise And Pitfalls Of SocialFi Projects (Untold Truth)

by Samson Olatinwo
September 27, 2023
0

Let's discuss the next evolution of social networking – SocialFi – that almost everyone is talking about. I know you...

Arbitrum Crypto Price Prediction 2023 Revealed!

Arbitrum Crypto Price Prediction 2023 Revealed!

by Samson Olatinwo
September 27, 2023
0

Arbitrum is making headlines and is also one of the conversations sparking topics in the cryptocurrency communities right now. Many...

Bitcoin Mining Bringing Positive Change Among People

Bitcoin Mining Bringing Positive Change Among People

by Johnmiracle Ejikeme
September 27, 2023
0

We know Bitcoin mining as a specialized job requiring an exceptional tool and processing machine. Miners invest in these tools,...

Top Crypto Centralized Exchange Token to Invest in 2023 for Higher Profit

Top Crypto Centralized Exchange Token to Invest in 2023 for Higher Profit

by Johnmiracle Ejikeme
September 27, 2023
0

In this article, we will look at the top crypto centralized exchange tokens to invest in.

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
freshdesk

What is Freshdesk?

September 28, 2023
Earning Passive Income with Crypto Lending

Earning Passive Income with Crypto Lending: A Step-by-Step Tutorial

September 28, 2023
Loom Coin price prediction

Loom Coin Price Prediction – Forecasts for 2023 – 2030

September 28, 2023
Bulliscoming

Copyright © 2023 Bulliscoming.

Navigate Site

  • Home
  • About
  • Contact
  • Sponsor a post
  • Privacy Policy
  • Terms and conditions

Follow Us

No Result
View All Result
  • Home
  • Crypto News
  • Price Predictions
  • Reviews
  • NFTs
  • Forex & Finance
  • Airdrop

Copyright © 2023 Bulliscoming.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d bloggers like this: