Terra 2.0 (LUNA) Swap

Terra is a digital DeFi institution. It was launched in 2018 by a South Korean company called Terraform Labs. [Daniel Shin](https://www.linkedin.com/in/danielshin/) and [Do Kwon](https://www.linkedin.com/in/do-kwon/) created the Terra project to revolutionize the payments system. And to maintain the new network’s work in 2019, they’ve created LUNA – Terra’s native token, which has now been renamed to [LUNC](https://changenow.io/currencies/terra-classic). Originally, the Terra blockchain was most well-known for its stablecoins, especially UST, which was a part of a dual-token system. This system also included the old LUNA token (now known as LUNC). UST managed to hold dollar's value for 18 months up until May 2022. On May 9th, UST was depegged from the US dollar, crashing in value, causing the old LUNA to crash as well. This led to the Terra chain being forked into a new blockchain called Terra 2.0, bringing along with it the new LUNA token. The blockchains founder, Do Kwon, created the said fork to help revive the Terra project. Now the old LUNA tokens cannot be minted or burnt, but anyone holding them or any UST coins are currently receiving the new tokens. In most recent LUNA news, LUNA 2.0 airdrop began on May 28th, and the new token will appear automatically in users' wallets, and staked vesting tokens will appear in [Terra Station](https://station.terra.money/).