Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Luna’s Resurrection: Information You Need To Know Ahead of Launch

Published 05/26/2022, 03:00 AM
Updated 05/26/2022, 03:00 AM
© Reuters.  Luna’s Resurrection: Information You Need To Know Ahead of Launch

© Reuters. Luna’s Resurrection: Information You Need To Know Ahead of Launch

  • On May 27, 2022, Terra 2 will be launched as a new blockchain.
  • The airdrop is open to investors holding shares in one of the seven eligible UST and LUNA baskets.
  • This is likely too little too late as crypto markets are in full bear mode.

The Terra network is still being worked on behind the scenes in the hopes of reviving it. Meanwhile, the second iteration of the blockchain, as reported by CoinQuora, is set to go live on mainnet this week.

The Terra proposal to restore the collapsed ecosystem by forking the blockchain and starting again with new tokenomics has a lot of momentum and support, especially from people who lost a lot of money in UST and LUNA’s failure.

According to Terra Station data, the proposal received 65% of the vote, or roughly 200 million votes, with around 2% or 54 million abstaining and about 13% or 41 million voting nay. The votes are ...

Continue reading on CoinQuora

Latest comments

Why would anyone after what happened before buy this?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.