The crypto trading platform lists Terra’s new token, also known as LUNA, showing early signs of support for the revival of the disrupted Terra network.
The HitBTC exchange announced on Twitter on Wednesday that Terra’s new chain token, Luna, will be available on the platform on May 27th.
The news comes as Terraform Labs prepares to restart the protocol on May 27th and replace the old chain called Terra Classic with a new chain called Terra or Terra 2.0. The new chain is not a fork as it will be created from a genesis block that will not share history with Terra Classic, Terraform Labs. said May 23rd.
The new Terra’s token will be named Luna, replacing the old one called Luna Classic (LUNC).
Dear trader,@terra_moneyof the new Chain Token (LUNA) will be available on HitBTC on May 27, 2022.
The old chain is renamed Terra Classic (LUNC).
Learn more: https://t.co/MuYPUfcMjJ
Stay tuned for updates. pic.twitter.com/shYIWtPuN6
— HitBTC (@hitbtc) May 25, 2022
As previously reported, Terraform Labs CEO Kwon Doo proposed in mid-May to create a new Terra chain without Terra’s algorithmic stablecoin, TerraUSD (UST), as well as LUNC stakers and holders, UST holders and Terra Classic app developer. We proposed LUNA airdrops all over.
The proposal received immediate support from the community, with 91% of Terra validators voting in favor of Terra “birth” as of May 18th. As of this writing, community voting is still ongoing, with approximately 67% of voters support Terra’s revival with Terra 2.0.
Terra’s resurgence came after Terraform Labs shut down the Terra blockchain on May 12th after a massive clash between LUNA and UST, with Luna tokens dropping by 99%.