Gate.io Blog：Gate.io has Launched LUNA 2.0 Transaction and Terra Revival Plan V2 has been Initiated
2022-05-31 08:25:54 UTC
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【TL; DR】
1. On May 27, Terra and LUNA 2.0 were officially launched. The previous version of Terra blockchain was renamed Terra Classic, and the previous version of LUNA was renamed LUNA Classic (LUNC).2. Gate.io took the lead in announcing its support for Terra 2.0 and launched the new LUNA transaction on May 28.
3. May 29, Gate.io has airdropped LUNA 2.0 tokens for LUNC and USTC holders according to the snapshot before and after the attack.
4. On Terra 2.0, due to the loss of the stablecoin UST in the ecosystem, LUNA is currently only used as a governance token.
5. Presently, the price trend of LUNA 2.0 is not clear, and there may still be violent fluctuations, Gate.io reminds users to pay attention to transaction risks.
Since the serious decoupling of UST stablecoin led to the price of LUNA being close to zero, the Terra project team and LUNA community have taken a variety of ways to try to save LUNA. On May 17, Do Kwon, the founder of Terra, announced the "Terra Revival Plan V2", which plans to build a Terra 2.0 ecosystem that does not include the UST stablecoin project. On May 27, Terra and LUNA 2.0 were officially launched. The previous version of Terra blockchain was renamed Terra Classic, and the previous version of LUNA was renamed LUNA Classic (LUNC).
For more details, please refer to our blog post：Gate.io has Launched LUNA 2.0 Transaction and Terra Revival Plan V2 has been Initiated
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May 31
