Binance has announced to take Terra 2.0 (LUNA) live for trading on the Innovation Zone on May 31, 2022, at 6 UTC. Users will be able to deposit and withdraw the dnew Terra token on the same day at 5:30 UTC. Trading pairs, namely LUNA/USDT and LUNA/BUSD, will be available for trading.
The token distribution will be ratio-based on the eligible holders of LUNC and USTC. Token distributions are represented below in the table:-
|Value In LUNA|
Pre-Attack 1 aUST
Pre-Attack 1 LUNC
|Post-Attack 1 USTC|| |
|Post-Attack 1 LUNC|| |
Risk can be mitigated by conducting thorough research about the Terra project. Understanding the fundamentals of the project would help make better decisions. In case of uncertainty, users may choose not to trade the token on the platform. Binance ensures that there is less to zero loss suffered by a user.
Efforts put in by the team have made Binance a global leader in the crypto exchange industry. The platform is easy to use for experienced and new traders alike. Users can always get in touch with the support to get a query resolved.
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