Terra Luna 2.0 Will Soon Be Available for Trading on BitMEX
BitMEX has announced that Lune 2.0 will be available for trading on June 02, 2022, at 4:00 UTC. It will first appear on June 01, 2022, at 4:00 UTC as Unlisted. Terra 2.0 will carry the maximum leverage of 25x for the users. Once live, users will be able to trade XBT, and USDT margined Terra Luna 2.0 contracts.
LUNAUSD has a fixed Bitcoin multiplier that will allow traders to go long or short on the listing without trading LUNA or USD. Margins would appear in XBT, and so will the earnings or loss from the trade. Important details related to LUNA contracts as mentioned below:-
|Bitcoin Multiplier||0.0001 XBT|
|Base Maintenance Margin||2%|
|Base Initial Margin||4%|
Contract specifications for LUNAUSDT, a linear perpetual swap, are mentioned below:-
|Contract Size||0.001 LUNA|
|Base Maintenance Margin||2.50%|
|Base Initial Margin||5%|
Terra 2.0 is part of the revival plan drafted by Do Kwon, the Chief Executive Officer & Founder of Terra Protocol, after Terra Luna collapsed.
BitMEX is a trading platform that was founded in 2014. It is headquartered in Hong Kong with global operations except for the United States of America. More than 15 trading pairs are available on BitMEX with no support for any fiat currency. New traders should check out a research-backed BitMEX review if they’re interested in joining the platform.
One has to register or sign up on BitMEX to get started with the trading platform. The process begins by visiting the official website of BitMEX, and it is followed by clicking on the Register tab located at the top right corner of the web page.
Provide all the mandatory details and generate a password for the account. After filling up the registration details, verify the email address by clicking the link sent by BitMEX to the email address. Click Verify My Email to complete the verification process for email. The BitMEX account will be ready for you to access. Log in to the account to deposit the funds and start the trading journey.
Terra 2.0 is a coin that does not have an algorithmic stablecoin, and it replaces the traditional coin, which is now called LUNC. Users passed a governance proposal in 1623 to bring Terra Luna 2.0 to life. Luna 2.0 went live on May 28, 2022, and it was airdropped to LUNC token holders with the following details:-
- Community Pool – 30%
- Pre-Attack aUST holders – 10%
- Pre-Attack LUNA holders – 35%
- Post-Attack UST holders – 15%
- Post-Attack LUNA holders – 10%