The launch of the new Terra network is set for May 27

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The launch of the new Terra network is set for May 27

posted on May 25, 2022 by in Blockchain

A vote on Do Kwon’s proposal to restart the Terra blockchain and create LUNA 2.0 tokens was officially passed by the community.
A total of 65.5% of users supported Kwon’s proposal.
After the collapse of Terraform Labs, CEO Do Kwon proposed launching a new network.
The new blockchain will be called Terra, while the current version of the chain will be renamed Terra Classic.
Terra 2.0 will appear on the main network on Friday, May 27.
Once launched, LUNA 2.0 tokens will be available for trading. These tokens will be distributed to existing interested parties on the network at a predetermined percentage.
Moreover, the new Terra blockchain will exist without the UST token, which was originally its main purpose.

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