HitBTC Exchange Show Their Support For Terra’s Revival By Listing The New LUNA Coin

The inclusion of Terra’s brand new currency, also known as LUNA, on crypto trading platforms is the first evidence of support for the resurrected Terra network. On Wednesday, the HitBTC exchange announced on Twitter that Terra’s new chain token Luna would be accessible on its platform on May 27.

HitBTC Exchange Show Their Support For Terra’s Revival By Listing The New LUNA Coin

The announcement comes as Terraform Labs prepares to relaunch its protocol on May 27 and replace the existing Terra Classic chain with the new Terra, or Terra 2.0, chain. Terraform Labs claimed on May 23 that the new chain would not be a fork because it will be built from the genesis block and will not share Terra Classic’s history.

The new Terra token will be named Luna, replacing the old token referred to as Luna Classic (LUNC)

HitBTC Exchange Show Their Support For Terra’s

In mid-May, Kwon, CEO of Terraform Labs, suggested constructing a new Terra chain sans Terra’s algorithmic stablecoin TerraUSD (UST), proposing LUNA airdrops to LUNC stakers and holders, UST holders, and Terra Classic app developers.

The idea garnered quick community support, with 91 per cent of Terra validators voting in favour of the Terra “rebirth” as of May 18. The community poll is still open as of this writing, with around 67% of voters favouring Terra 2.0’s revival.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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