Terra Luna’s Do Kwon Remains Elusive,, and Terra Classic (LUNC) Will Rise Above

Recent reports suggest Luna’s creator Do Kwon is currently in Singapore after Korean authorities issued an arrest warrant for the cryptocurrency developer. Founder of the Terra blockchain, Do Kwon has been wanted since the collapse of Luna in May, which wiped out around $45million from the coin’s value in one week.

The story of Luna showed that there are still considerable risks in the crypto industry, but there’s still money to be made. It’s also a reminder that you must do credible research into tokens before investing and rely on solid teams alongside projects that offer complete transparency. Therefore, tokens like GLO are still well-placed to succeed.

Uniglo (GLO)

Unlike Luna, GLO is a crypto project in which you can have complete faith. It’s community-driven and gives you a say in every major decision. It’s also fully asset-backed, providing a secure and stable price you can rely on. With GLO’s innovative range of deflationary features, you can enjoy holding a coin with the confidence that it will not suffer huge price dumps and is resistant to significant market fluctuations thanks to a diversified portfolio of assets. GLO is currently nearing the end of its final pre-sale phase, making now your last chance to buy it before it goes onto more significant gains on mainstream exchanges.

What are LUNA and LUNC?

Now referred to as Luna Classic, LUNC was originally Terra’s native token and was created to absorb price fluctuations of the blockchain’s stablecoin. However, when the stablecoin terraUSD lost its dollar price peg, this led to massive hyperinflation for the token, and the price plummeted. Therefore, this led to the creation of a new LUNA token, with key differences like a finite supply and no stablecoin pair, with the old token renamed to LUNC. While these have had a controversial history, some investors think they could still be credible options after historical issues with the technology have been addressed.


Terra blockchain tokens LUNA and LUNC don’t have the best histories, but some think they could still be solid investments. Not as solid as GLO, though—which has all the credentials needed to give you secure growth.

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Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.

Robbie Kenllis

Published by
Robbie Kenllis

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