Tech

Terra (LUNA) 2.0 relancéiert no dem Do Kwon sengem Erhuelungsplang

05/28/2022
Bitcoin Ethereum Neiegkeeten

Zu Kwon, the co-founder and CEO of Terraform Labs, confirmed the relaunch of Terra’s new chain, Terra 2.0, which aims to revive the fallen Terra (LUNA) and TerraUSD (UST) ecosystem. 

Kwon’s revival plan for Terra involves hard forking the existing blockchain and reissuing LUNA tokens to existing investors based on a snapshot before the death spiral bled the LUNA and UST markets — effectively resulting in unrecoverable losses for investors.

Dubbed Phoenix-1, the Terra 2.0 mainnet went live today, May 28,  as per the original timeline set by Terra developers and started producing blocks. Kwon also informed that public node services, wallets and explorers would follow the mainnet to go live soon after. 

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Following the plan from the original proposal, which recommended issuing the new LUNA tokens to existing investors, Kown dohinnergestallt that users should now be able to see the newly issued LUNA tokens balances:

“To view your $LUNA (or $LUNA2 as some exchanges call them) token balances, you only need to log into station and refresh the page.”

Moreover, investors that are migrating over the inter‐blockchain communication protocol (IBC) are required to create a station wallet with the same ledger and follow the instructions provided upon wallet creation.

Kown also shared an official portal Link wherein users can view their Terra wallet balances. As Cointelegraph previously reported, numerous crypto exchanges have joined Terra’s relaunch by helping with airdrops.

According to the revival plan, users previously holding Terra Luna Classic (LUNC), TerraUSD Classic (USTC) and Anchor Protocol UST (aUST) are eligible to receive new tokens.

Verbonnen: BNB Chain bitt eng aner Liewenslinn fir Terra Ökosystem Projeten

Among the numerous crypto ecosystems that stood up to help Terra projects come back to life, Binance’s BNB Chain (BNB) committed to providing investment and support to projects that are considering migrating from the Terra ecosystem.

Speaking to Cointelegraph, Gwendolyn Regina, BNB Chain’s investment director confirmed the company’s intent to onboard prominent builders from the Terra ecosystem:

"Den Terra Ökosystem huet vill talentéiert Creatoren an Entwéckler, an eis Ënnerstëtzung zielt fir dës Builder an Teams ze hëllefen, nei Projeten op der BNB Chain ze bauen. Dofir si mir einfach interesséiert Entwéckler a Projeten z'ënnerstëtzen, fir datt se net zukünfteg Potenzial verpassen.