Terra
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Information about Terra (LUNA)
Terra 2.0 is a newly launched blockchain network to rebuild the old Terra empire (now renamed Terra Classic with LUNC and USTC token pair). It should be noted that Terra 2.0 is a new blockchain that operates completely independently and cannot replace the Terra Classic network.
After the collapse of Terra Classic in mid-May 2022 causing irreparable hyperinflation, Do Kwon, co-founder and CEO of TerraForm Lab, the creator of the LUNA project, proposed "reviving the Terra ecosystem". This proposal was approved by the community and was immediately supported by major exchanges, despite objections from a large part of the LUNA community. Accordingly, the Terra 2.0 blockchain has been officially deployed, with the operation of the (new) LUNA token.
Terra 2.0 reissues a new LUNA with a total supply of 1 billion tokens, replacing the hyperinflationary LUNC and the deprecated USTC. The new LUNA will be allocated to the holders, staking and validators who own the old LUNA and the old UST before and after the UST de-peg.
Specifications:
- Name: Terra token (LUNA)
- Symbol: LUNA
- Token type: Governance
- Total supply: 1,000,000,000 LUNA
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