The fall of Terra shook the entire crypto market. However, the project has no plans to stay down, having secured backing from crypto exchanges to help it rebuild.<\/p>\n
In an announcement on Thursday, Terra\u00a0provided\u00a0details on an upcoming airdrop of the new native token for its new blockchain dubbed Terra 2.0. The distribution of tokens will proceed on Friday, and holders of Terra Luna Classic (LUNC), TerraUSD Classic (USTC) and Anchor Protocol UST (aUST) who are eligible will receive new tokens<\/p>\n
Crypto exchanges Binance and FTX noted that they are working closely with the Terra team regarding the upcoming airdrop. Binance\u00a0stated\u00a0that it aims to help affected users on the platform by helping Terra with the recovery plan.<\/p>\n
FTX\u00a0announced\u00a0that it will support the airdrop and temporarily halt LUNA and UST markets during the migration. The Terra team\u00a0said\u00a0that in addition to Binance and FTX, it\u2019s also working closely with more partner exchanges that will support the airdrop.<\/p>\n
Apart from the airdrop, many crypto exchanges, like\u00a0KuCoin,\u00a0also\u00a0expressed support for Terra 2.0\u00a0by supporting the migration, listing and\u00a0trading\u00a0of the new Terra tokens on their platforms.<\/p>\n
However, not all exchanges are eager to list the new tokens. In a statement, a spokesperson from crypto exchange BitMEX told Cointelegraph that there are currently no plans to list the new Terra tokens. They explained:<\/p>\n
\u201cWe list tokens for spot trading based on numerous factors, including that we have a custody solution for that particular token. As such, we have no plans at this stage to list LUNA for spot.\u201d<\/p><\/blockquote>\n
As for derivatives contracts, the spokesperson said that the exchange needs to ensure there is a \u201creliable reference index\u201d before it can consider contracts on the new LUNA token.<\/p>\n","protected":false},"excerpt":{"rendered":"
The fall of Terra shook the entire crypto market. However, the project has no plans to stay down, having secured backing from crypto exchanges to help it rebuild. In an announcement on Thursday, Terra\u00a0provided\u00a0details on an upcoming airdrop of the new native token for its new blockchain dubbed Terra 2.0. The distribution of tokens will […]<\/p>\n","protected":false},"author":6,"featured_media":22098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2243],"tags":[],"class_list":{"0":"post-22097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-defi"},"_links":{"self":[{"href":"https:\/\/www.unistoretz.com\/magazine\/wp-json\/wp\/v2\/posts\/22097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.unistoretz.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.unistoretz.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.unistoretz.com\/magazine\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.unistoretz.com\/magazine\/wp-json\/wp\/v2\/comments?post=22097"}],"version-history":[{"count":1,"href":"https:\/\/www.unistoretz.com\/magazine\/wp-json\/wp\/v2\/posts\/22097\/revisions"}],"predecessor-version":[{"id":22099,"href":"https:\/\/www.unistoretz.com\/magazine\/wp-json\/wp\/v2\/posts\/22097\/revisions\/22099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.unistoretz.com\/magazine\/wp-json\/wp\/v2\/media\/22098"}],"wp:attachment":[{"href":"https:\/\/www.unistoretz.com\/magazine\/wp-json\/wp\/v2\/media?parent=22097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.unistoretz.com\/magazine\/wp-json\/wp\/v2\/categories?post=22097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.unistoretz.com\/magazine\/wp-json\/wp\/v2\/tags?post=22097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}