When is the LUNA 2.0 Airdrop? The Terra team is looking for solutions to revitalize the ecosystem after the LUNA and UST collapse. According to the latest developments, the team has officially announced that they will launch a new blockchain called LUNA 2.0. So, when is the LUNA 2.0 airdrop date? Which exchanges will it be traded on? Which exchanges support LUNA Airdrop? Here are the details.
A new Terra Luna token called Luna 2.0 will be released following the success of the Terra Luna voting, but what exactly is it?
As Luna tries to recover from the massive Luna crypto crash, a Luna recovery plan is put in place by Do Kwon. This plan will see the existing Terra blockchain split with a Luna fork (though not actually a fork).
Do Kwon’s revival plan received over 200 million “yes” votes.
What is Luna 2.0?
Luna 2.0 will be the brand new token of the new Terra blockchain, which aims to save the Terra Luna ecosystem after the collapse of the UST stablecoin.
Called Luna’s rebirth, TerraForm Labs founder Do Kwon’s proposal will see a new chain replace the existing Terra network. In addition, Luna 2.0 will replace the current version of Luna. Seeing the collapse in the first place, UST will sever ties with the stablecoin.
But the old chain will not just disappear, they will exist together. The old chain will be known as Terra Classic, while Luna Classic will see the current Luna continue.
When will Luna 2.0 be released?
Luna 2.0 will be released on May 27.
Terra has now released the Terra Core code for the new chain, and the testnet will be live ahead of its May 27 launch.
This date will also mark the official renaming of the current Luna coin as Luna Classic. The LUNA we know now will be called LUNC from now on. LUNA 2.0 will continue on its way under the name LUNA.
At launch, all eyes will be on the Luna 2.0 price. While the new coin marks a reset for the network, owners and those in the cryptocurrency community will not soon forget the collapse of Luna Classic.
When is the Luna 2.0 Airdrop?
Existing Luna owners will be allocated Luna 2.0 via an airdrop at the launch of the new Terra chain.
With a supply of 1 billion, the airdrop distribution is as follows:
- Pre-attack Luna owners: 35%
- Luna owners after attack: 10%
- Pre-attack UST holders: 10%
- UST holders after attack: 15%
- Community Pool: 30% controlled by Luna stakers (10% for developers).
TerraForm Labs wallet will also be removed from the whitelist for the Luna airdrop event. This aims to ensure that Terra is a “wholly owned community chain”. The LFG wallet will also not be on the whitelist.
In a May 25 statement, Terra said, “We are proud to work closely with CEX partners” to support the airdrop. It supported them on Binance and Bybit.
On Which Exchanges Will LUNA 2.0 Be Traded?
Cryptocurrency exchange Bitrue stated that LUNA will rise again, stating that it will be the first cryptocurrency exchange to support LUNA V2. Bitrue also announced that LUNA V1 operations will be suspended today. Dubai-based cryptocurrency exchange Bybit said today that it will be renaming the UST and LUNA tokens before Terra 2 is launched. With this statement, we can say that the stock market will also offer LUNA V2 support. HitBTC cryptocurrency exchange announced that it will support the LUNA V2 token, which will run on the Terra 2 Blockchain from May 27, 2022. The exchange stated that the existing old Blockchain chain will be named Terra Classic and the name of the token will be LUNA Classic (LUNC).
Huobi is another cryptocurrency exchange that seems excited and eager to support Terra 2. The exchange shared with its users about the rebirth of LUNA. FTX, one of the largest cryptocurrency exchanges in the world, shared on Twitter, “FTX will support LUNA and UST migration and the new LUNA Airdrop.” He used his expression. While the tweet was later removed, the text of FTX’s statement on the subject in the tweet and on the website still remains. Finally, cryptocurrency exchange Bitfinex became the last cryptocurrency exchange to announce support for LUNA V2.
Luna 2.0 and its Airdrop;
- Bitget supports exchanges.
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