LUNA 2.0 and LUNC Available on ChangeNOW
With the original LUNA collapsing a couple of weeks ago, the whole crypto market awaited the unwinding with bated breath. May 28th was the day that all Terra holders had been looking forward to — the new Terra 2.0 blockchain was launched, following a successful community voting upon the proposal of Do Kwon, co-founder of Terra. While many have lost trust in the project, this event firmly proves the intent of the Terra team to tackle the recent crash.
On May 8, Terra’s stablecoin UST depegged from the US Dollar, following liquidity issues in the Anchor protocol.
The following two weeks were the time of hot discussions in the Terra community. Here is what they decided to do:
- The new Terra 2.0 blockchain is to be launched on May 28. Its main asset has the old name, LUNA.
- Old LUNA tokens will keep running on the old blockchain under the name of LUNC.
- The new LUNA doesn’t offer a new stablecoin. The old UST will be called USTC.
All LUNC holders who owned LUNA before May 26 have automatically received new LUNA coins on the Terra 2.0 blockchain.
Although the new LUNA is the main asset of Terra 2.0, ChangeNOW is aware that many crypto enthusiasts are eager to trade the old LUNC tokens as well. That’s why we provided support for both LUNA and LUNC, and you can buy and sell them instantly without registration. Swaps for 400+ cryptos and 60 fiat currencies are available.
We wish you a safe experience with the new and old Terra!
