Thirty percent of the new LUNA will be airdropped to a community pool governed by staked LUNA classic tokens. The original UST will remain on the Terra Classic blockchain. A new proposal was put forth by founder Do Kwon in the wake of the Luna crash to create a new blockchain that will see the original Luna token rebranded as LUNA Classic (LUNAC), while a new token, LUNA, will run on a new blockchain without an algorithmic stablecoin. At the same time, its sister coin, LUNA, crashed. In a well-documented catastrophe, Terra’s algorithmic stablecoin UST lost its dollar peg earlier this month. Sponsored Bybit and Bitrue to help with new Terra token airdrop Stay tuned for further updates.” Bybit will suspend withdrawals of LUNA and UST on May 25, 2022, at 2 pm UTC, to rename LUNA as LUNC and UST as USTC on May 26, 2022, while Bitrue will launch Luna V2 trading on May 27, 2-22. Are you ready for “LUNA Rebirth?” Huobi had listed Terra late last year.īinance previously suspended trades after validators paused the blockchain, making trades impossible, but following Terra’s announcement, said in a tweet, “The Terra community just passed a vote to ‘Rebirth Terra Network.’ We are working closely with the Terra team on the recovery plan, aiming to provide impacted users on Binance with the best possible treatment. Within an hour the firm made the announcement, Huobi tweeted, “#Huobi supports the launch of #LUNA 2.0 on May 27. Crypto exchange Huobi said it would support Luna 2.0 after the Terra community voted to pass Proposal 1623.Ĭrypto exchanges Huobi, Binance, and Bybit have indicated their willingness to cooperate with the Terra team to launch their new chain without an algorithmic stablecoin.
0 Comments
Leave a Reply. |