What is Luna 2?

LUNA 2.0: What is it? LUNA 2.0 refers to the LUNA Revival Plan 2, as revealed by Do Kwon in a blog post earlier this week. The plan entails several changes, from a new blockchain to a total token reset. Earlier this week, the Life Foundation Guard (LFG) of Terra deployed resources of around $1.5 billion to help stabilise the LUNA price.

Why did do Kwon launch Luna 2?

CEO of the Terraform Labs, Do Kwon, launched the Luna 2.0 or LUNA2/USDC, on 28th May as an attempt to revive the Terra Ecosystem, as a rebranded version of the LUNA ( which is now known as LUNC).

What's going on with Luna?

The plan entails several changes, from a new blockchain to a total token reset. Earlier this week, the Life Foundation Guard (LFG) of Terra deployed resources of around $1.5 billion to help stabilise the LUNA price. However, that didn’t go as planned, as can be seen in the latest LUNA figures.

When will Luna 2 start trading?

According to all of these exchanges, spot trading of the LUNA 2.0 coin will begin by the launch tomorrow, May 27. On the date of publication, Brenden Rearick did not hold (either directly or indirectly) any positions in the securities mentioned in this article.