Terra 2.0 proposal gets the crypto community’s nod of approval but that’s not all - Aliens: AI Crypto News & Markets Updates
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Terra 2.0 proposal gets the crypto community’s nod of approval but that’s not all

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AMB Crypto

Thu, May 26, 2022

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This incorporated Do Kwon’s proposal to relaunch the Terra blockchain and create LUNA 2.0 tokens.

Terra 2.0 will have its native staking token, LUNA, airdropped to its community, as described in Proposal 1623.

6/ Token distribution details can be found in the governance proposal, but to summarize: ● Community pool: 30% ● Pre-attack $LUNA holders: 35% ● Pre-attack aUST holders: 10% ● Post-attack $LUNA holders: 10% ● Post-attack $UST holders: 15% — Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 25, 2022 Based on the details provided in the proposal, Terra 2.0 is scheduled to hit the mainnet on Friday.

In the last 12 hours, Huobi, Bitfinex, and Bitrue have all tweeted their intention to support new versions of Terra and its native token LUNA.

FTX supports Terra 2.0 🌍 https://t.co/5xpvVAvjVl — Do Kwon 🌕 (@stablekwon) May 25, 2022 Moreover, Binance said in a tweet on 25 May that it worked closely with the Terra team on its recovery plan.

Many questioned this proposal- For instance, one affected user asked: I held Luna before the attack and after the attack on Binance, but I pulled her to the terra station a few days ago, is that okay for airdrop?

Well, Terra’s native token, LUNA witnessed a fresh 2% correction as it traded around the $0.00016 mark

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