{“@context”:”https://schema.org”,”@type”:”FAQPage”,”mainEntity”:[{“@type”:”Question”,”name”:”How do I sell Terra Classic (LUNC) for ETB?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Step 1: Spot sell LUNC → USDT (0.1% fee, instant). Step 2: P2P sell USDT → ETB via CBE Birr, Telebirr, bank transfer (0% fee, 5-20 min). Step 3: Confirm ETB received, release escrow. Total: ~15-25 min.”}},{“@type”:”Question”,”name”:”How much ETB will I get for my LUNC?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Payout = (LUNC amount × LUNC/USDT price) × P2P USDT/ETB rate. Total fee ~0.1%. Check the live price before selling.”}},{“@type”:”Question”,”name”:”When is the best time to sell LUNC in Ethiopia?”,”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 Ethiopia?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Yes — escrow holds USDT until both sides confirm. Only release after confirming ETB 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 in a legal grey zone in Ethiopia. The National Bank of Ethiopia (NBE) has not banned it, but has not issued formal regulation either. Millions of Ethiopians access it via P2P. Some ISPs block exchange websites — a VPN resolves this. Use reputable platforms and monitor NBE announcements for any changes.
To sell Terra Classic (LUNC) and receive Ethiopian Birr, spot-sell LUNC to USDT on Bitget or Bybit, then P2P sell USDT to ETB via CBE Birr or Telebirr. Here’s the full step-by-step process.
How to Sell Terra Classic in Ethiopia — 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 → ETB — P2P Trading → Sell → USDT → ETB. Choose a buyer paying via CBE Birr, Telebirr, bank transfer. Fee: 0%.
- Confirm ETB received → release escrow — Only after verifying ETB arrived in your account, click “Release”.
Fee Breakdown
| Step | Action | Fee | Speed |
|---|---|---|---|
| 1 | LUNC → USDT (Spot) | 0.1% | Instant |
| 2 | USDT → ETB (P2P) | 0% | 5-20 min |
| Total | Full cash-out | ~0.1% | ~15-25 min |