What is Luna 2.0?
Founder of Lana Do Kwon coming with new revival and community prevention plans. In order to execute plans Terra’s 60% community voted in the favours of passing proposal 1623 and launching 2.0 i.e., new blockchain. as per plan new old Luna token be called as Terra Classic $LUNC and new chain will be known as $Luna. These effective changes will be made on 27th may 2022 following successful audit pass from SCV security. New Stablecoin going to launch but this without algorithmic structure, as seeking to backed by different aspect suggested by industry expert.
Luna token will be airdropped to Luna classic holder, staker with different priority and in this pre-attacked holder to get airdrop. In distribution pre-attack luna holder to receive 30%, community pools will get 30% and aUST holder will be getting 10% and post attack holder will receive 15% for Luna and 10% for UST. However, this token will be locked in order to prevent another dump and slow release will be beneficial for ecosystem.
Terra Luna closely working with Binance, Bybit and other crypto exchange in the revival program. FTX, Huobi Global and many more exchange will burn Luna token and buy back from fees collected from Luna trading pair. so, exchanges also going to airdrop to user to who holding Luna after Luna 2.0 chain start working.
Luna 2.0 Price Prediction
We will update table here once Luna Trading starts, providing pre-release prediction we could see Luna 2.0 start trading with $0.01 USD and could hit $10 USD mark.
Luna 2.0 Overview
|Binance, Kucoin, FTX, Bybit, Gate
Luna 2.0 Price Analysis
If you following crypto space then might heard about Luna crash and how whole ecosystem collapsed and many investor losses in million. It was started with UST a stable coin backed by Terra Luna and other network asset, as it depeg and as of writing it currently trading below $0.1 USD. in same manner Luna dipped from $110 USD to below $0.0001 USD and Anchor protocol dipped from $5.89 to $0.08 USD within one week of time interval.
Luna founder got criticized for many things and there many hidden truths was there because actual reason why Luna collapsed still unknown. One of the popular influencers also attacked founder and South Korea also taking action on case. Now, we know many investors already lost hope on Luna ecosystem, but people who still holding their investment are positive about this update. Looking at voting result where 60% still supporting project and hoping that Luna 2.0 will be again do thing normal. we know this Luna dump seeks huge attention, as crypto community start feeling unsafe even in stablecoin and in the panic situation market suffers huge volume drop.
We know Luna 2.0 supported by different exchange and industry expert will be definitely saving crypto market for sure. Once, global market start recovery then whole market could bounce back and if Luna able to make expected comeback, then we could see less declined in fear index.