What is the Luna 2.0 airdrop? When will the new Luna coin be released?
The price of the Luna 2.0 coin was a matter of curiosity whether it will be listed on Binance. After the collapse of Terra Luna, Do Kwon, CEO of TerraForm Labs, proposed replacing the existing Terra network with a new blockchain, LUNA 2.0. After the aforementioned statement, answers were sought to questions about Luna.
The legacy blockchain network Terra Classic blockchain would continue to operate and host Terra USD. Projects built on the previous blockchain and companies that verify transactions will migrate to the new blockchain. Accordingly, LUNA2.0 will be the only cryptocurrency that can be used by applications and projects using the new blockchain.
Binance, the largest cryptocurrency exchange by trading volume, has also expanded its support to Luna2.0.
Terra Luna’s price collapse is estimated to have caused crypto investors to lose around $40 billion, while also creating a shockwave in the global crypto market that has evaporated more than $1 trillion in just six weeks. Although it is certain that the new Luna coin will be released, a clear date has not been given yet.
What is Luna 2./ airdrop?
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.
Existing Luna owners will be allocated Luna 2.0 via an airdrop at the launch of the new Terra chain. It will also mark the official rebranding of the 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.
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