The launch of LUNA 2.0 was postponed as well as the airdrop that was to take place next Friday (27). The announcement was made by the Terraform Labs development team. Some of the community waited for news and new coins to put an end to the problems that so plagued the asset.
It all started when Terra (LUNA) and TerraUSD (UST) lost their algorithmic stablecoin engine. When that happened in early May 2022, the coin plunged nearly 100% within 24 hours in a steep decline for its investors.
It is important to remember that Luna took prominent positions in the market cap, with UST becoming the third largest stablecoin in the world. With the fall, both disappeared and plans were underway to revive this ecosystem.
Luna 2.0 delayed after release prediction, also airdrop
Hours before the highly anticipated launch of the new Terra network, which is expected to launch this Friday (27), an update has been released by the developer team.
Last Thursday, they said the new network and currency is coming, although the timetable is subject to change. So the new forecast is that the Terra network will open next Saturday (28), delaying the launch of Luna 2.0 by 1 day.
The new network is backed by several exchanges such as Binance, FTX, Bitfinex, Kraken, which are monitoring the situation that has affected many of their customers.
In a commentary on Twitter this Friday, Terra’s profile also confirmed that the airdrop of the new coins has been postponed, as it will happen in the first block of the new network.
In Brazilian local time, the first block is forecast to be validated next Saturday at 3 a.m., when the network is expected to go live and without any problems for users.
“Q: When will the airdrop take place? A: The LUNA airdrop will take place on the first block of the new Terra chain, scheduled for May 28, 2022 or around 06:00 GMT.”
10/ Q: When will the airdrop take place?
A: The LUNA airdrop will take place on the first block of the new Terra chain expected on or around May 28, 2022 at 06:00:00 GMT.
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 27, 2022
Can delay be good?
With the troubles and collapse of the Earth moving so fast, his plan to come back to life was also hounded by the coin’s fan community, the “Lunatics”.
When the information about a new network and new tokens was released, many looked at the launch with concern without much time, as 16 days ago many did not even know that the original network was going to fail.
So the delay can be important to give the team more time to work and check security, even if the extra time isn’t much more than initially expected.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
