{"id":571622,"date":"2022-05-26T13:14:21","date_gmt":"2022-05-26T12:14:21","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=571622"},"modified":"2022-05-27T14:52:37","modified_gmt":"2022-05-27T13:52:37","slug":"terra-v2-luna-airdrop-binance-bybit-ftx","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/terra-v2-luna-airdrop-binance-bybit-ftx\/","title":{"rendered":"Terra v2 LUNA Airdrop Supported By Binance, Bybit, FTX, Kucoin And Other Exchanges"},"content":{"rendered":"\n<p>Quick take:<\/p>\n\n\n\n<ul><li>Do Kwon&#8217;s rebirth plan garnered significant support and passed the governance vote on Wednesday.<\/li><li>Major exchanges announced support for Terra v2.<\/li><li>Binance, FTX, Huobi, Bitfinex, and others plan to work with the team and allow users to receive the airdrop.<\/li><li>Some protocols like Phoenix Finance from the so-called Terra Classic chain also announced migration plans.<\/li><li>Other projects like Lido will not build on the new chain following a community vote against the move.<\/li><\/ul>\n\n\n\n<p>Major exchanges across the crypto ecosystem have signaled intentions to onboard the new Terra chain scheduled to launch on Friday, May 27. The <a href=\"https:\/\/en.ethereumworldnews.com\/terra-2-testnet-goes-live\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/terra-2-testnet-goes-live\/\" rel=\"noreferrer noopener\">testnet<\/a> for the genesis chain went live this week ahead of the mainnet launch and the upcoming token airdrop.<\/p>\n\n\n\n<p>Binance, Bitfinex, ByBit, Crypto.com, FTX, Gate.io, Huobi, and KuCoin to name a few have publicly announced that they will support the launch of Terra 2.0.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Huobi?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Huobi<\/a> supports the launch of <a href=\"https:\/\/twitter.com\/hashtag\/LUNA?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#LUNA<\/a> 2.0 on May 27<br><br>Are you ready for &quot;LUNA Rebirth&quot;?\ud83d\udc99 <a href=\"https:\/\/t.co\/Vn1FFwlc4y\" rel=\"nofollow\">https:\/\/t.co\/Vn1FFwlc4y<\/a><\/p>&mdash; Huobi (@HuobiGlobal) <a href=\"https:\/\/twitter.com\/HuobiGlobal\/status\/1529462516878716930?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 25, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">FTX will support new LUNA airdrop and suspend LUNA and UST markets. <br>Details here: <a href=\"https:\/\/t.co\/1tTdM4q4li\" rel=\"nofollow\">https:\/\/t.co\/1tTdM4q4li<\/a> <a href=\"https:\/\/t.co\/ElU7gKSJar\" rel=\"nofollow\">pic.twitter.com\/ElU7gKSJar<\/a><\/p>&mdash; FTX (@FTX_Official) <a href=\"https:\/\/twitter.com\/FTX_Official\/status\/1529660143620632576?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 26, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2>Rebirth of Terra<\/h2>\n\n\n\n<p>Following the <a href=\"https:\/\/www.bbc.com\/news\/technology-61425209\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.bbc.com\/news\/technology-61425209\" rel=\"noreferrer noopener nofollow\">crash of LUNC<\/a> (formerly LUNA) and the algorithmic stablecoin UST, Terraforms Labs CEO Do Kwon addressed the community with a proposal dubbed \u201cRebirth of Terra\u201d. The plan suggested ditching the current blockchain and starting a new chain with the same name.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">2\/ It has been inspiring to partake in the dynamic discourse regarding the best next steps for Terra. Taking feedback from the community and thoughtful proposals, I would like to suggest the following for the path forward.<a href=\"https:\/\/t.co\/E13VI8bkLh\" rel=\"nofollow\">https:\/\/t.co\/E13VI8bkLh<\/a><br><br>A thread on our reasoning:<\/p>&mdash; Do Kwon \ud83c\udf15 (@stablekwon) <a href=\"https:\/\/twitter.com\/stablekwon\/status\/1526258275506786304?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 16, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>As <a href=\"https:\/\/en.ethereumworldnews.com\/terra-2-0-rebirth-plan-by-do-kwon-passes-community-vote\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/terra-2-0-rebirth-plan-by-do-kwon-passes-community-vote\/\" rel=\"noreferrer noopener\">EWN<\/a> reported, the revival plan gained steam as 65% of the voters favored the idea and proposal 1623 ultimately passed the governance vote. A crucial part of the plan also proposed an airdrop of new coins for previous holders of Terra\u2019s tokens.&nbsp;<\/p>\n\n\n\n<p>According to the details of Terra\u2019s supposed rebirth, 35% of the supply has been earmarked for investors who held LUNA before the price crash started. Allocations were also made for developers in the ecosystem and UST holders as well.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">6\/ Token distribution details can be found in the governance proposal, but to summarize:<br>\u25cf Community pool: 30%<br>\u25cf Pre-attack <a href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$LUNA<\/a> holders: 35%<br>\u25cf Pre-attack aUST holders: 10%<br>\u25cf Post-attack <a href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$LUNA<\/a> holders: 10%<br>\u25cf Post-attack <a href=\"https:\/\/twitter.com\/search?q=%24UST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$UST<\/a> holders: 15%<\/p>&mdash; Terra \ud83c\udf0d Powered by LUNA \ud83c\udf15 (@terra_money) <a href=\"https:\/\/twitter.com\/terra_money\/status\/1529451639890845697?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 25, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2>Developers Migrate To LUNA 2.0 New Chain<\/h2>\n\n\n\n<p>Projects building on Terra Classic have also announced plans to migrate their protocols to the new Terra chain. Key names like Phoenix Finance, the flagship decentralized exchange on Terra, said it would continue development on Terra 2.0.<\/p>\n\n\n\n<p>Notably, projects like Phoenix are set to receive an allocation of the new LUNA token to support their decision.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">1\/ From the ashes, Phoenix Finance will rise.<br><br>Welcome to DeFi on Terra 2.0, it\u2019s a pleasure to buidl for you. <a href=\"https:\/\/t.co\/1vqxomnQmH\" rel=\"nofollow\">https:\/\/t.co\/1vqxomnQmH<\/a><\/p>&mdash; Phoenix Finance (@PhoenixFinan) <a href=\"https:\/\/twitter.com\/PhoenixFinan\/status\/1528943492294135813?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 24, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>However, not all previous protocols plan to build on the new chain. Lido, a well-known DeFi staking and lending platform said it would not move to Terra v2 following a community vote against migrating.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Lido on Terra v2 Update:<br> <br>Following a discussion on the launch of Lido on Terra v2, the Lido DAO has voted to NOT support the Terra reboot. <br><br>This is the result of our governance process and a forum discussion that you can read here:<a href=\"https:\/\/t.co\/m3b90OQVS4\" rel=\"nofollow\">https:\/\/t.co\/m3b90OQVS4<\/a><\/p>&mdash; Lido (@LidoFinance) <a href=\"https:\/\/twitter.com\/LidoFinance\/status\/1529396261694185472?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 25, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>LUNA 2.0  airdrop coming to major exchanges ahead of Terra v2 launch on Friday, May 27.<\/p>\n","protected":false},"author":55,"featured_media":571623,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,2,108366,26],"tags":[1119,108424,7704,108364,108511],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/571622"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=571622"}],"version-history":[{"count":4,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/571622\/revisions"}],"predecessor-version":[{"id":571685,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/571622\/revisions\/571685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/571623"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=571622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=571622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=571622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}