Binance lists LUNA 2.0, coin players see the light at the end of the tunnel

Crypto investors recently had to witness a big shock because the collapse of the Terra Network (LUNA). Once in the top 10 cryptocurrencies with the largest total capitalization, but in just a few days, LUNA has lost more than 99% of its value.

However, hope for this cryptocurrency has returned once again when Terra Network has just launched a Terra 2.0 coin to save the collapse of LUNA Coin.

According to the latest announcement of Binance – the world’s largest cryptocurrency exchange, Terra 2.0 will begin to be listed again at 6am on May 31, UTC, corresponding to 1pm on May 31. Hanoi.

Along with this, new LUNA deposits and withdrawals will begin to be supported by Binance at 12:30 p.m. on May 31.

Terra 2.0 coins will have codenames LUNAwhile the transaction code of the old Terra coins will be changed to LUNC (LUNA Classic).

The new LUNA coin will be traded with 2 trading pairs LUNA/USDT and LUNA/BUSD.

Notably, Binance listed Terra 2.0 in the Innovation Zone. This is a specialized area for users to trade new tokens with higher volatility and risk than usual.

“Before trading in the Innovation Zone, investors must carefully read the terms of use and complete the questionnaire in the disclaimer,” Binance said.

Explaining the decision to list Terra 2.0 in the Innovation Zone, Binance believes that Terra 2.0 (LUNA) can record many price fluctuations. Users should learn about the project well, should not trade if unsure of their decision.

In addition to the listing of Terra 2.0, the Binance exchange also supported the airdrop of this token for those who previously owned the LUNA Classic (LUNAC) token.

The distribution of new LUNA to holders of old LUNA will be divided into 2 phases. Holders of LUNA coin before May 7 (the time of the event) will be converted from LUNC to LUNA with the ratio almost 1:1.

Meanwhile, bottom-fishing investors who buy old LUNA after May 7 will only be able to distribute new LUNA at a very different rate, 1 old LUNA in exchange for 0.0000153 new LUNA.

LUNA holders should also be aware that the allocation between the old and new LUNAs is not done at the same time. The new LUNA will be pushed to the user’s wallet by the exchange on various timelines, up to 24 months.

On the groups that gather LUNA holders in Vietnam, many investors are expecting this to be a good signal for the price of this cryptocurrency to bounce. However, since LUNA has lost 99% of its value, it will be difficult for it to return to its original price.

Before that, a lot of crypto investors in Vietnam had to suffer “broken hand” when catching the bottom of LUNA coin At the right time, this currency dropped the most.

Trong Dat