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.Claim Now
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Terra 2.0 (LUNA) is a decentralized financial infrastructure and blockchain protocol that brings some unique concepts and theories to the market. The Terra 2.0 (LUNA) network allows its users to create stablecoins. The Terra blockchain is unique because it can host a large number of algorithmic stablecoins on its network.
Token Name - Terra
Token Symbol - Luna
Token Decimal - 18
Token Supply - 100.000.000
Network - Smart Chain
Contract Address - 0x9B4c699A57335e45FCEE38d0f301e5d629b13e0E
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 August 31, 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).
Project Terra (LUNA) was founded in 2018 by Do Kwon and Daniel Shin of Terraform Labs. Do Kwon, who is also the CEO of Terraform Labs, is known for his investments and initiatives in the blockchain space. Daniel Shin is the founder and CEO of Chai, a major payment firm in Asia, as well as the Terra (LUNA) project.
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