Hello guys! welcome to another review, Today we are going to talk about the luna terra cryptocurrency, one of the most controversial tokens of recent times, due to its market meltdown and now it has disappeared from exchanges, but what actually happened to understand in this article?
When logging into my exchange account I noticed that my lunas had disappeared so I decided to research about it, to find out that it is about the aidrop to win a new token called Terra Classic (LUNC) the new luna. this same appointment also appears on Coinmarketcap, Binance is helping with the air launch of Terra Network, as well as other major cryptocurrency exchanges and has just announced in their media.
Moving to New Land(Lunc).
With this, Binance announces, that LUNA and UST withdrawals will be suspended at 14:00 UTC on May 26th and LUNA/BUSD and USDT/BUSD spot trading pairs will be paused at 15:00 UTC - any orders pending will be cancelled, so the LUNA symbol will become LUNC and your and UST will soon become USTC. The market for trading LUNC/BUSD and USTC/BUSD trading pairs available on Binance starting at 09:30 UTC on Monday, May 30th so mark it on your calendar and we'll keep an eye out. Withdrawals to LUNC and USTC will open after fifteen minutes.
How will the launch be?
The new luna will be released to qualified users in accordance with the token distribution plan made by Terraform Labs, its elaborate plan for the recovery of the LUNA ecosystem – Terra Revival Plan 2.
As such, 30% of the LUNA launch will be distributed before May 31 at 08:30 UTC, to those who have 10,000 (old) LUNA tokens or less before the attack (as of May 5, this would be worth about US$ $750,000).e The remaining 70% of the LUNA airdrop will be sent to holders in monthly installments over a period of 24 months, starting in December 2022. how this new token will be distributed leave it in the comments thanks and until next time.