How will Terra's new Luna 2.0 coin be distributed?

As Terra 2.0 launches tomorrow, Terra will conduct an airdrop of the new LUNA 2.0 coin. A fully decentralized asset, 70% of the total supply will be distributed via this airdrop to Luna Classic holders. Anybody who owns the original LUNA or UST will be eligible to receive LUNA 2.0 tomorrow.

What is the difference between Luna and Luna 2.0?

The fundamental difference between Luna and Luna 2.0 is that the latter will not depend on any stablecoin affinity. The actual Luna crypto sustained value via its association with TerraLabs’ stablecoin, TerraUSD (UST).

How many Luna coins are in circulation?

Before the crash of May 2022, there was a limit of one billion LUNA coins in circulation and if this number was exceeded, LUNA was burned. As of 1 June, the original LUNA, now renamed LUNC, has a circulating supply of 6.5 trillion, according to CoinMarketCap.

Which exchanges are launching Luna 2.0 coin?

Exchanges planning to list the new coin so far include Bitrue , Bybit, OKX, Huobi Global , Gate.io , Bitfinex , HitBTC , KuCoin and Binance ( BNB-USD ). According to all of these exchanges, spot trading of the LUNA 2.0 coin will begin by the launch tomorrow, May 27.