Huobi, Binance, and Bybit, three cryptocurrency exchanges, have expressed interest in working with the Terra team to launch their new chain without an algorithmic stablecoin.
Also, Terra was listed on Huobi late last year.
Binance had previously halted trades after validators paused the blockchain, rendering deals impossible.
New Terra token airdrop will be aided by Bybit and Bitrue.
Terra’s algorithmic stablecoin UST lost its dollar peg earlier this month in a well-documented disaster. LUNA, its companion coin, crashed at the same time. So, In the aftermath of the Luna crash, founder Do Kwon proposed creating a new blockchain with the previous Luna token rebranded as LUNA Classic (LUNAC) and a new token, LUNA, running on a new blockchain without an algorithmic stablecoin. Then, On the Terra Classic blockchain, the original UST will survive.
Additionally, A community pool regulated by staked LUNA classic tokens will receive 30% of the new LUNA tokens as an airdrop. At the same time, 35% will go to “pre-attack LUNA holders,” 10% to “pre-attack UST holders,” 10% to “post-attack LUNA holders,” 10% to “post-attack UST holders,” and 15% to “post-attack UST holders.”
So, Terra Classic block 7544910 will be used for a snapshot, whereas block 7790000 will be used for a post-attack snapshot. More so, The airdrop will be co-hosted by Bybit and Bitrue.
Lastly, Other exchanges showing Supports:
Also, Gate.io tweet, showing support.
Also, Bitfinex tweets…
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