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top-crypto-news Earth

Do Kwon announces launch of Terra 2.0 on mainnet

May 28, 2022
Reading Time: 3 mins read
0
What is Terra?

Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Luna is the reserve currency of the Terra platform. It has three core functions: i) mine Terra transactions through staking, ii) ensure the price stability of Terra stablecoins and iii) provide incentives for the platform’s blockchain validators.

Finally the team of Earth launches on mainnet the 2.0 version of its network, which is also known as Phoenix-1. The new tokens LUNA are being distributed according to plan, and public node, wallet a place where cryptocurrency users can store, send and receive digital assets. and explorer services should be available in the next few hours.

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USTC de Terra Classic muestra signos de vida y aumenta más de un 230% este 27 de junio

***

  • Earth 2.0 is now operational.
  • Tokens will be distributed LUNA via airdrop a marketing campaign that distributes a specific cryptocurrency or token to an audience. according to plan.
  • Users already market an area or arena, online or offline, in which commercial dealings are conducted. new LUNA on the main exchanges.

Earth 2.0, the new network a network refers to all nodes in the operation of a blockchain at any given moment in time. of Earth that seeks to rescue the project Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. after the abrupt fall suffered by its two flagship cryptocurrencies, was finally launched on mainnet.

Earth 2.0 now on mainnet

Así lo confirmó el fundador y CEO de Terraform Labs Do Kwon, who made the announcement of the launch of the network. Earth 2.0 through your Twitter, which is also known as Phoenix-1.

Kwon commented:

“Pheonix-1 on mainnet an independent blockchain running its own network with its own technology and protocol. is already operational and producing blocks – node the most basic unit of blockchain infrastructure that stores data. utilities, wallets and explorers should be available shortly.”

Pheonix-1 mainnet is now live and producing blocks – public node services, wallets and explorers should be going live shortly. pic.twitter.com/cpxiNKl6aX

– Do Kwon ???? (@stablekwon) May 28, 2022

*phoenix-1

– Do Kwon ???? (@stablekwon) May 28, 2022

The announcement was made in the early hours of Saturday morning, May 28, thus complying with the project schedule after announcing a delay of 24 hours to polish the final details.

  • Terra 2.0 launch delayed to May 28 as 1.3 billion UST burn progresses

Next steps to follow

Now that the new network is operational, the next step is to migrate the services that operated on the old network and distribute the new tokens via airdrop. LUNA between users.

As indicated by Kwon in his original plan, much of the token LUNA will be distributed to those who had Terra Luna Classic (LUNC), TerraUSD Classic (USTC) y Anchor Protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. UST (aUST).:

“To see your $ LUNA token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. balances (or $ LUNA2 as some exchanges call them), you just need to log into the station and refresh the page.”

También hay varios exchanges que están apoyando en el proceso de redistribución de los nuevos tokens entre sus usuarios, el cual se irá dando en conformidad con los planes que cada entidad maneje a lo interno.

Commercial development of the new LUNA

Since the new token LUNA arrived on the markets, those who began to trade with the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. from the moment of its release were not long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. in coming.

According to information published in our section CryptoMarkets , at the time of editing each unit of LUNA is trading at about $5.96 per unit, which is 68.5% below the digital currency’s estimated starting price of $17.8 at 5:00am (New York time).

Among other data, since the token’s release, around USD $96.7 million have been traded with the token. MOON, being KuCoin the exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. through which more than 50% of that capital capital is most commonly defined as the large sum of money you would use to invest. has moved.

Regarding LUNC , In the last 24 hours the currency has lost 30% of its value and is trading at USD $0.00009391 per unit at the time of writing.


  • Terra 2.0 launch delayed to May 28 as 1.3 billion UST burn progresses
  • More exchanges announce their support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for Terra 2.0: FTX, Bitfinex, KuCoin
  • Terra 2.0 to launch this Friday: Binance, Huobi and other exchanges back reactivation

Source: Twitter, Cointelegraph , CryptoMarkets DailyBitcoin

Version by Angel Di Matteo / DiarioBitcoin

Imagen de Unsplash

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