Will Terra LUNA 2.0 come with several key improvements that set it apart from other blockchains in the market?
The crypto street has been restless, despite it being the weekend. The buzz in the biz comes in view of the launch of Terra 2.0. Which was rolled out today, i.e the 28th of May 2022 at around 06:00 AM UTC. Wherefore, the industry is engulfed by queries revolving around the Terra 2.0, its differences, airdrop, support by exchanges and more.
Stay tuned, as this write-up will cover all the queries associated with the protocol. That includes the digital asset’s launch, the events inline, eligibility for the airdrop, and price amongst others.
What More Does The Launch Event Hold?
The big day now seems to have finally arrived, as LUNA could transit from the ruins caused by the de-peg event. In an official announcement, made just the other day. The makers had stated that the community has been working round the clock to coordinate the new chain’s launch. While the timeline was subject to change, the team has managed to launch Terra 2.0 at the stipulated time.
One of the distinct highlights of the event would be the obvious parting ways with the algorithmic stable coin. Other notable events include the sharing of the pre-ultimate-genesis.json file with Terra validators, that are participating in Genesis by TFL. The collection of all gen_tx’s from validators. Moreover, it also learned that the majority of the applications will be retained.
When And Who Can Expect The Airdrop?
It goes without a doubt, that LUNA and its airdrop is the most talked about topic in the industry. The airdrop of LUNA is expected to transpire on the first block of the Terra chain by today at around 06:00 GMT. According to sources, the amount of LUNA to be distributed to the eligible beneficiaries. Will be determined by the types of tokens held on the previous chain, and the time and quantity held.
Successively, a number of eminent crypto exchange firms such as Binance, FTX, Huobi, Kraken, KuCoin, and Bitfinex. Have been working with Terra toward the launch of LUNA 2.0.
LUNA 2.0 was rumoured to cost $50 upon launch, with some rumours speculating prices ranging between $30 and $60. However, nothing has been cemented is known yet. That said, the price will be determined by the decision to mint 1B new tokens.
Also Read: Terra LUNA Recovery Plan
Summing up, while things are too early to pass an opinion on. The digital token surely needs the firm belief of investors to embark on a bullish run. That said, we can expect a steady movement in the prices of the altcoin.