Luna version two coming soon

 The plan to revive Terra and develop a new Luna token has been approved by this community

According to the plan given by CEO Do Kwon, the project will create a new Terra chain without an algorithmic stablecoin like the previous UST. The new chain is named Terra with the Luna token, while the old chain will be changed to Terra Classic with the Luna Classic (Lunc) token.

According to the developers, the initial supply of Luna will be 116.7 million, after a year increasing to 182 million, instead of billions as previously planned. The new Luna token will be distributed free of charge (airdrop) to the old Luna token holders, UST and app developers of the Terra Classic ecosystem.

The amount of distribution depends on the number of old tokens as well as the ownership period before or after the crash. For example, pre-crash Luna token holders will get 35% of Luna's total, while later holders will get 10%. These tokens will be partially paid in advance, the rest will be paid in 2-4 years.

Currently, there are three major exchanges including Binance, Hubi and Bybit confirming support for the new Luna. Some sources said that the founder of Terra Do Kwon contacted major exchanges in Korea to list, but Kwon later denied.
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