A few weeks after the collapse of the Terra blockchain, and TerraUSD lost its stake in the dollar, a new iteration will be launched. Obviously, not everyone is for sale.
About three weeks after the collapse of the Terra blockchain and TerraUSD lost its stake in the dollar, a new iteration of Terra blockchain will be launched, called Terra 2.0 or Luna 2.0. A new Luna coin will also be made in the process. Here's what you need to know.
What is Luna 2.0? It is the original Luna blockchain fork, which will see the launch of a coin named by Luna.
Is the Luna coin already there? Yes, but the old Luna coin, which turned out to be worthless earlier this month, will be renamed Luna Classic and traded under the LUNC tick. The new Luna coin will be traded under the LUNA tick.
What about airdrop? Airdrop, in terms of crypto, is where coins are given free of charge – usually for promotional purposes to generate interest on a coin. The new Luna will release to the existing owners of the old Luna money (now Luna Classic) and the owners of TerraUSD, who lost its pin in the dollar, leading to its collapse.
How much new Luna will I get from airdrop? In the Post: "The amount of LUNA you will be eligible for will be determined by the types of tokens you hold in the Terra Classic series, the time you hold these tokens (based on Pre-Attack and post-attack summaries), and the number of tokens seized." See the post for detailed examples.
When is Launch? According to the @trara_money Twitter account, it will be launched tomorrow, May 28, 2022, at 6 am UTC (2 am. EST).
Is there anything else you need to know? After the dramatic collapse of TerraUSD and the first Luna a few weeks ago — which have devastated lives-saving lives — many wonder why anyone would give this new repetition the opportunity. Add Mark Cuban to that list: The billionaire and avid crypto investor has told Fortune he will not invest in the new Terra series. When asked if he would invest, he simply replied, “No.”
