#Luna2.0
🔸️In a new plan proposed by Kwon, the
#Terra blockchain undergoes a hard
#fork, with the launch of Terra 2.0 and the old luna
#tokens being renamed into
#luna classic (LUNC). Kwon’s fork proposal has passed with 65.5% majority approval.
The Terra Builders Alliance have provided technical details on integration,
#decentralized applications (dApps) migration, and a guide to rebranding the original Terra chain as ‘Terra Classic’.
The old token was renamed into Luna Classic (LUNC), and while the original Cosmos chain will continue to operate, the option to mint or burn coins will be disabled. The new
#blockchain was launched on 28 May.
Following the launch, all eyes are now on the Luna 2.0 price. After
#hitting the $19 mark just hours after
#launch, it
#dropped 75%. It has slightly bounced back to $6.46 - down 27% in 24 hours, with a market cap of almost 1.3 billion. Meanwhile, the Luna Classic price has seen a relatively sharp decrease today by 12%.
💎MonoMoney
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