What is wrapped Luna?

This is similar to how the Bitcoin network is not compatible with the ERC20 network, so you can’t add BTC to wallets like Metamask. As such, wrapped LUNA is a representation of LUNA on the ERC20 network, which can be added to Metamask.

What is the difference between Luna and Luna classic?

There are some key differences between the new luna token and the old one: There will be a finite supply of luna tokens, maximized at 1 billion coins in circulation. Luna does not have a stablecoin pair at the time of the launch. Are luna and luna classic risky? Investing in either luna classic (LUNC) or luna (LUNA) is highly risky at this point.

How to convert Lana to wrapped Lana (wlana)?

To convert LUNA to wrapped LUNA (WLUNA), you will need to send LUNA to a platform that supports both ERC20 and Terra versions of LUNA. Alternatively, you can use a bridge (e.g. Terra Bridge) to convert from Terra to ERC20. The process of converting from LUNA to wrapped LUNA is similar to the previous method.

What happened to Luna classic?

In parallel, the old blockchain – often referred to as “Terra Classic” – remained live but with little to no activity and no plans for development on it. After the launch, the new native token of the new network inherited the LUNA name. The old blockchain continued to operate, and its token was rebranded to luna classic (LUNC).