The team behind Terra 2.0 has announced that Terra 2.0 will launch its mainnet in May 2022.
While the announcement made via its official Twitter account did not specify the reasons for the delay, it expects the chain’s version two to go live at 6:00 AM UTC (tomorrow 28 May).
1/ Yesterday we announced Terra 2.0 was coming. Tomorrow it will arrive.
The community has been working around the clock to coordinate the new chain’s launch. Terra will go live at 06:00 UTC on May 28, 2022. This is subject to possible changes.
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 27, 2022
“Block 1 of the new chain will be produced following a supermajority of interconnected validators running simultaneously,” the team shared in the thread.
Terra suggests the following:
18/ Terra 2.0 will bring you the same ideas that made you fall for it the first time. Our amazing UI/UX, and world-class UI/UX are just a few of the many things we offer. #LUNAticDeFi’s future is built on the strength of its community and a talented pool of developers.
Get ready for the launch #LUNAtics! 🚀 🚀 🚀
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 27, 2022
Top crypto exchanges announce LUNA helprop support
The Terra team is getting ready to reincarnate, weeks after a devastating crash of TerraUSD (UST), stablecoin, and the LUNA token. This time there won’t be any UST.
And despite the controversy, criticism and anger around Terra’s collapse, and opposition to forking the blockchain, a governance vote initiated on May 18 was passed to give way to the new chain.
A genesis block will also host an airdrop of LUNA, the native token for the new chain. Binance, KuCoin?, and FTXAll of them support the airdrop.
Terra Network airdrop will be distributed on #Binance.
Terra 2.0 is now available $LUNABased on the project’s distribution strategy, they will be distributed among eligible users.
Each account’s distribution ratio will be separately announced.
Learn more⤵️https://t.co/F7UAbqedxS
— Binance (@binance) May 26, 2022
Bitfinex and ByBit are also supporting LBank Crypto.com, HitBTC and Gate.
The migration of dApps that were built on the Terra Classic (LUNC) old chain is also expected. However, individual projects will choose when to do so, according to today’s communication.
