As a matter of fact, the crypto fever started earlier this month and the panic level raised among the entire crypto market. Being in this state, $LUNA – a popular crypto token which was waving its flag high, suddenly dropped down hitting to the lowest at $0. As soon as LUNA fell down, its native assets LUNA and UST also witnessed a downfall in the market.
Besides, in South Korea the crypto market crash caused a great impact among the investors community. In that case, many cryptocurrency exchanges in the country already waved a red flag against Terraform Labs and Do Kwon. As this is the current scenario for Terra community, Kwon is now ready to introduce a new brand token, $LUNA 2.0.
More so, if the same plunge continues, it would be a great deal for all crypto exchanges to render support for Terra 2.0. In regards, Kwon initiates an attempt to reach out to the top 5 exchanges for listing of $LUNA 2.0.
Launch of LUNA 2.0
Surprisingly, Terraform Labs just made a confirmation regarding the new Luna 2.0 blockchain release on May 27, 2022. Further, the new brand blockchain will start from genesis block 0 and will not link and share any historical date with LUNA classic.
More so, with all these arrangements in line, the Terra community is facing a problem here. Pointing out the bear market and Terra assets downfall, all the exchanges and the prominent South Korean regulators are preferring to maintain a distance.
Amidst the rising problems in the crypto market, Terra (LUNA & UST) is experiencing a hard time at the moment. Not all Terra users lost trust, some are still having the hope that the asset will give a massive come-back into the market.
Even though Terra assets couldn’t find a proper stay in any exchanges, Terra’s LUNA 2.0 finally found a shelter. One hope and a supporting wave for Terra (LUNA 2.0) came from the community. As only a few minutes were left to close the vote, a popular bitcoin crypto exchange, HitBTC confirmed its support for Terra’s new chain token.
Dear Traders,@terra_money’s new chain token (LUNA) will be available on HitBTC on May 27th, 2022.— HitBTC (@hitbtc) May 25, 2022
The old chain will be renamed to Terra Classic (LUNC).
Learn more: https://t.co/MuYPUfcMjJ
Stay tuned for updates. pic.twitter.com/shYIWtPuN6
Thus, in another 2 days, LUNA 2.0 will go live gaining a decent support rate from the crypto community.