LUNA Airdrop, Terra 2.0 Launch Face New Delays Until May 28

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The migration to the Terra (LUNA-USD) 2.0 blockchain, and accompanying LUNA airdrop will be delayed slightly. After previously announcing the transition would occur today, Friday, May 27, it seems the launch will happen tomorrow, May 28.

1/ Yesterday, we said Terra 2.0 is coming. Tomorrow, it arrives.

The community has been working around the clock to coordinate the new chain’s launch. Subject to potential change, we expect Terra to go live on May 28th, 2022 at around 06:00 AM UTC.

— Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 27, 2024

Terra 2.0 represents a new chapter for the LUNA crypto, following its debilitating recent crash. After the TerraUSD (UST-USD) stablecoin crashed earlier this month, the network founder, Do Kwon, successfully proposed transitioning to the next stage of the community-driven cryptocurrency network: Terra 2.0.

Terra 2.0 is a sort of revival plan for the LUNA and UST cryptos. Network validators approved the plan just this week, with 65% of votes in favor. Terra 2.0 is a new hard fork on the Terra blockchain. Claimed to be the most decentralized blockchain ever, its sequel maintains many of the same functionalities. The likes of Terra Station, Terra Finder and Terra Observer are all set to return once the Terra 2.0 mainnet goes live.