• About
  • Coincu
  • Hot topics
  • Random
  • Exchange
Sunday, June 26, 2022
CoinCu News
No Result
View All Result
  • Login
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • Defi
    • GameFi
    • NFTs
    • Metaverse
    • Web 3
  • Crypto Recap
  • Video
  • IDO Events
    • Airdrop
  • Scam Alert
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • Defi
    • GameFi
    • NFTs
    • Metaverse
    • Web 3
  • Crypto Recap
  • Video
  • IDO Events
    • Airdrop
  • Scam Alert
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
No Result
View All Result
CoinCu News
No Result
View All Result
Home News

LUNA 2.0 is scheduled to launch on May 27, 2022.

May 25, 2022
in News
564
140
SHARES
4.7k
VIEWS
Share on Facebook

What Is Altcoin? Top Altcoins Everyone Knowed

Albania Intends To Start Taxing Income From Cryptocurrencies Next Year

Terra’s development team has announced that LUNA 2.0 will be launched soon.

LUNA 2.0

After the Terra ecosystem collapsed, the development team worked a lot to revitalize the ecosystem. The development team announced that they would officially launch a new blockchain called LUNA 2.0.

“Terra Governance Proposal No. 1623 to rename the existing Terra Classic network (LUNC) and reincarnate a new Terra blockchain (LUNA) has been officially adopted!”

This means that LUNA 2.0 will officially launch on May 27, 2022. It is worth noting that the proposal to change the name and create a new blockchain has received more than 200 million “Yes” votes and 1 million “No” votes. Currently, applications hosted on the old Terra blockchain are being migrated to the new blockchain instead of reworking new projects.

Binance announced that it is working with Terra on a recovery plan. In addition, they intend to make it available to affected users on Binance.

The Terra community just passed a vote to ‘Rebirth Terra Network’.

We are working closely with the Terra team on the recovery plan, aiming to provide impacted users on Binance with the best possible treatment. Stay tuned for further updates.

— Binance (@binance) May 25, 2022

What else the recovery plan entails

Millions of LUNA tokens would be distributed to supporters per the recovery plan. The value of the same is expected to rise once people adopt the new blockchain. Essentially, the vote was open to LUNA HODLers, and one token was equal to one vote.

LUNA 2.0

The vote about whether or not to fork the blockchain was initially proposed by Do Kwon on May 18. Per the same, LUNA would be the only currency used by applications and projects based on the new blockchain.

Also, per the proposal, the old blockchain—rechristened Terra Classic— would still exist and host UST. However, the applications built on the old blockchain and the organizations validating the transactions would plausibly move to the new blockchain.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

CoinCu News

KAI

Fall of Terra – The Exact Timeline of UST Attack – Deep Dive

Cardano’s Vasil Hard Fork is scheduled for June 29, testnet set to launch by the end of May

As LUNA Price Free Falls, Terra Co-Founder Reveals a Recovery Plan

Tags: # Cryptocurrencies#MarketsBinanceBlockchainLUNALUNA 2.0LUNCTerra
Previous Post

Basketball Legend Magic Johnson Will Launch His Own NFTs Collection on June 7!

Next Post

Will TRON’s USDD and 30% interest rate collapse like UST?

Other Posts

Grand Theft Auto 6 Could Introduce A Cryptocurrency In Its Gameplay
News

Grand Theft Auto 6 Could Introduce A Cryptocurrency In Its Gameplay

June 26, 2022
Albania Intends To Start Taxing Income From Cryptocurrencies Next Year
News

Albania Intends To Start Taxing Income From Cryptocurrencies Next Year

June 26, 2022
Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money
News

Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money

June 26, 2022
Bitget Intends To Quadruple Its Personnel To 1,000 Over The Following Six Months
News

Bitget Intends To Quadruple Its Personnel To 1,000 Over The Following Six Months

June 26, 2022
According To Mastercard Survey, 51% Of Consumers In Latin America Have Used Cryptocurrency
News

According To Mastercard Survey, 51% Of Consumers In Latin America Have Used Cryptocurrency

June 26, 2022
Apple Pay Is Integrated Into The Crypto.com App As A Payment Method
News

Apple Pay Is Integrated Into The Crypto.com App As A Payment Method

June 26, 2022
Next Post
Will TRON’s USDD and 30% interest rate collapse like UST?

Will TRON's USDD and 30% interest rate collapse like UST?

Contents

  • What else the recovery plan entails
  • According To A YouTube Investigation, Justin Sun’s USDD May Be A Ponzi Scam

    According To A YouTube Investigation, Justin Sun’s USDD May Be A Ponzi Scam

    154 shares
    Share 62 Tweet 39
  • Binance Trains The Brazilian Federal Police On Crypto

    122 shares
    Share 49 Tweet 31
  • What is Lens Protocol – Decentralized social network on Polygon?

    123 shares
    Share 49 Tweet 31
  • Celsius Is Rumored To Be Preparing To Liquidate Assets

    111 shares
    Share 44 Tweet 28
  • “Move To Earn” Race Of STEPN, SWEAT, WALKEN

    101 shares
    Share 40 Tweet 25
Grand Theft Auto 6 Could Introduce A Cryptocurrency In Its Gameplay

Grand Theft Auto 6 Could Introduce A Cryptocurrency In Its Gameplay

June 26, 2022
What Is Altcoin? Top Altcoins Everyone Knowed

What Is Altcoin? Top Altcoins Everyone Knowed

June 26, 2022
Albania Intends To Start Taxing Income From Cryptocurrencies Next Year

Albania Intends To Start Taxing Income From Cryptocurrencies Next Year

June 26, 2022
The Best NFT Marketing Strategies You Should Know

The Best NFT Marketing Strategies You Should Know

June 26, 2022
Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money

Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money

June 26, 2022
Bitget Intends To Quadruple Its Personnel To 1,000 Over The Following Six Months

Bitget Intends To Quadruple Its Personnel To 1,000 Over The Following Six Months

June 26, 2022
Children Need Protection When They Are In Metaverse

Children Need Protection When They Are In Metaverse

June 26, 2022
Top 5 KOLs With Important Opinions In The Crypto Space

Top 5 KOLs With Important Opinions In The Crypto Space

June 26, 2022
Bitcoin On CEX Hits Lowest Level Since 2018

Bitcoin On CEX Hits Lowest Level Since 2018

June 26, 2022
What Is Copy Trade? Opportunities And Risks When Using Copy Trade

What Is Copy Trade? Opportunities And Risks When Using Copy Trade

June 26, 2022

  • bitcoinBitcoin(BTC)$21,429.001.07%
  • ethereumEthereum(ETH)$1,230.122.25%
  • tetherTether(USDT)$1.00-0.16%
  • cardanoCardano(ADA)$0.515.19%
  • SolanaSolana(SOL)$41.181.52%
  • dogecoinDogecoin(DOGE)$0.07394610.96%
  • tronTRON(TRX)$0.0649190.65%
  • FTXFTX(FTT)$28.021.65%
  • cosmosCosmos Hub(ATOM)$8.594.95%
  • Axie InfinityAxie Infinity(AXS)$17.51-0.01%
  • FantomFantom(FTM)$0.3049213.35%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.37%
  • LINKLINK(LN)$37.943.47%
  • Live Prices
  • Binance
  • NFT
  • Solana
  • Metaverse
  • Polygon
  • Polkadot
  • Coinbase
  • Trending
  • Top Coin
  • Vi
  • DFH

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

No Result
View All Result
  • Coincu
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Metaverse News
    • NFTs News
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
    • GameFi
    • NFT
    • Web 3
  • Crypto Recap
  • Video
  • IDO Events
    • Airdrop
  • Scam Alert
  • Live Prices
  • PR
    • Press Releases
    • Advertise

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$21,429.001.07%
  • ethereumEthereum(ETH)$1,230.122.25%
  • tetherTether(USDT)$1.00-0.16%
  • cardanoCardano(ADA)$0.515.19%
  • SolanaSolana(SOL)$41.181.52%
  • dogecoinDogecoin(DOGE)$0.07394610.96%
  • tronTRON(TRX)$0.0649190.65%
  • FTXFTX(FTT)$28.021.65%
  • cosmosCosmos Hub(ATOM)$8.594.95%
  • Axie InfinityAxie Infinity(AXS)$17.51-0.01%
  • FantomFantom(FTM)$0.3049213.35%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.37%
  • LINKLINK(LN)$37.943.47%