{“@context”:”https://schema.org”,”@type”:”FAQPage”,”mainEntity”:[{“@type”:”Question”,”name”:”How do I sell Terra Classic (LUNC) for TZS?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Step 1: Spot sell LUNC → USDT (0.1% fee, instant). Step 2: P2P sell USDT → TZS via M-Pesa, Tigo Pesa, bank transfer (0% fee, 5-20 min). Step 3: Confirm TZS received, release escrow. Total: ~15-25 min.”}},{“@type”:”Question”,”name”:”How much TZS will I get for my LUNC?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Payout = (LUNC amount × LUNC/USDT price) × P2P USDT/TZS rate. Total fee ~0.1%. Check the live price before selling.”}},{“@type”:”Question”,”name”:”When is the best time to sell LUNC in Tanzania?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”P2P markets are 24/7 but liquidity peaks during local business hours (8am-8pm). Consider a limit sell order at your target price instead of always using market orders.”}},{“@type”:”Question”,”name”:”Is P2P selling safe in Tanzania?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Yes — escrow holds USDT until both sides confirm. Only release after confirming TZS arrived in your account. Never release based on screenshots. Choose high-rated merchants only.”}}]}
Terra Classic (LUNC) is the original token of the Terra blockchain before the May 2022 collapse of the UST stablecoin. After the crash, the original chain was rebranded as Terra Classic while a new Terra chain (LUNA) was launched. LUNC still has an active community of traders and holders who believe in its revival through token burns and on-chain governance. LUNC was one of the most-discussed crypto assets in Africa during and after the 2022 crash. African investors can buy and sell LUNC on Bitget and Bybit.
Crypto is not banned in Tanzania. The Bank of Tanzania (BOT) has not issued comprehensive crypto regulation, placing it in a legal grey zone. P2P trading via M-Pesa and Tigo Pesa is widely practised. Use regulated international exchanges and stay informed on any BOT policy updates.
Cashing out Terra Classic (LUNC) to Tanzanian Shilling is simple: spot-sell LUNC to USDT, then P2P sell USDT to TZS via M-Pesa or Tigo Pesa. This guide walks you through each step.
How to Sell Terra Classic in Tanzania — Step by Step
- Log in to Bitget or Bybit where your LUNC is held.
- Spot sell LUNC → USDT — Spot Trading → LUNC/USDT → market or limit sell. Instant. Fee: 0.1%.
- P2P sell USDT → TZS — P2P Trading → Sell → USDT → TZS. Choose a buyer paying via M-Pesa, Tigo Pesa, bank transfer. Fee: 0%.
- Confirm TZS received → release escrow — Only after verifying TZS arrived in your account, click “Release”.
Fee Breakdown
| Step | Action | Fee | Speed |
|---|---|---|---|
| 1 | LUNC → USDT (Spot) | 0.1% | Instant |
| 2 | USDT → TZS (P2P) | 0% | 5-20 min |
| Total | Full cash-out | ~0.1% | ~15-25 min |