Terra LUNC wallet - How to store you LUNC on Ledger Hardware Wallet

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The video provides detailed instructions on how to store Terra Classic (also referred to as LUNC) using a Ledger Hardware wallet. It begins by highlighting Terra Classic's standing in the cryptocurrency market, currently ranked 80.

The tutorial directs viewers to visit a website named 'Terra rebels.net,' which aids in connecting your Ledger Hardware Wallet to store Terra Classic. However, before proceeding with this step, it's noted that users will most likely need to install a new app on their Ledger. Interestingly, users should search for 'Terra' rather than 'LUNC' to find the right app.

The presenter emphasizes the potential need for updates, citing their experience with having to update the Ledger Live version and their Ledger Nano X's firmware. Once the updates and installations are done, the user can connect their Ledger to the website.

A step-by-step process of connecting the Ledger wallet to the platform is demonstrated, with emphasis on selecting the index at zero. For users wishing to store coins for multiple people, different index numbers can be used, but this information must be noted for future reference.

The wallet set-up process concludes with a name for the wallet being established, for example, 'Test Wallet.' Once created, the wallet can be used to store, send, and receive Terra Classic coins. The wallet's Terra Classic address is shown, and it's clarified that users can copy this address into their clipboard for easy use.

Finally, the video ends with a brief overview of staking Terra Classic, pointing out that the unbonding period is 21 days. As a result, the video recommends only considering staking if planning to hold the coins for significantly longer than this period. The presenter suggests that a more in-depth conversation about staking might be held in the future. Any questions or comments are encouraged and will be addressed as they come in.