What is the New Terra network Luna2 Token airdrop?

Crypto.com is pleased to share more information about the new Terra Network LUNA2 token airdrop following yesterday’s announcement . The current (old) Terra chain has been renamed as Terra Classic, and the current (old) Terra token LUNA has been renamed as Luna Classic LUNC.

What is the Luna 2.0 airdrop & how does it work?

The LUNA 2.0 airdrop is another way to help the ecosystem move forward. According to the plans, eligible investors who held Terra ecosystem tokens will receive the new LUNA in their crypto wallets. What they receive will factor in how much they held before, how long they held it, and what exchanges and wallets they are working with.

What is Luna 2.0?

Luna 2.0 is the brand new token of the Terra blockchain, launched in an attempt to save the Terra ecosystem after the crash of the UST stablecoin. A total of 1 billion new Luna 2.0 tokens were launched, which were to be airdropped to the investors that were affected by the massive crash.

Does Kraken support the Luna airdrop?

The US-based crypto exchange Kraken has also extended its support to the Luna airdrop. Distributions for the LUNA2 airdrop have been completed. The new asset is known as LUNA2 and the new blockchain is called Terra 2.0. Eligible clients for the airdrop were LUNA and UST holders during the snapshot time.