The Terra team has confirmed the launch of the upcoming Terra 2.0 network on Friday, May 27, 2022, with LUNA being airdropped to eligible holders of LUNC, USTC, and UST upon genesis.
According to a medium post dated May 26, the Terra team stated that it plans on distributing 30% of the LUNA airdrop “immediately” at Genesis to pre-attack users who had wallets that had less than 10,000 LUNA or who had deposited UST in Anchor, a lending and borrowing protocol. It would also airdrop the said assets to post-attack users with any quantity of LUNA and or UST before the attack before distributing LUNA to other eligible users.
Terra also stated that the new chain will support all assets, chains, bridges, and Centralized exchanges (CEXs), enabling those who receive their tokens to transact immediately. Following the announcement, crypto exchanges have responded.
Upbit, the largest crypto exchange in South Korea by traded volume stated that it will support Terra’s rebranding and airdrops. As...
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