{"id":27501,"date":"2022-05-20T15:16:28","date_gmt":"2022-05-20T19:16:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=27501"},"modified":"2024-07-28T07:38:57","modified_gmt":"2024-07-28T11:38:57","slug":"terra-luna-2-0-to-go-live-soon-following-hard-fork-vote","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/terra-luna-2-0-to-go-live-soon-following-hard-fork-vote\/","title":{"rendered":"Terra Luna 2.0 To Go Live Soon Following Hard Fork Vote"},"content":{"rendered":"\n<p>Following the ongoing hard fork vote Luna's rebirth <a href=\"https:\/\/coinscreed.com\/staging\/defi-giant-lido-contemplates-backing-terra-after-hard-fork.html\">Terra Luna 2.0<\/a> is expected to go live soon. Here's what it looks like<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"780\" height=\"449\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/LUNA-UST-Stablecoin-Sudden-Crash-Here-Is-Why.jpeg\" alt=\"Terra Luna 2.0 To Go Live Soon Following Hard Fork Vote\" class=\"wp-image-26789\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/LUNA-UST-Stablecoin-Sudden-Crash-Here-Is-Why.jpeg 780w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/LUNA-UST-Stablecoin-Sudden-Crash-Here-Is-Why-300x173.jpeg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/LUNA-UST-Stablecoin-Sudden-Crash-Here-Is-Why-768x442.jpeg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/LUNA-UST-Stablecoin-Sudden-Crash-Here-Is-Why-150x86.jpeg 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/LUNA-UST-Stablecoin-Sudden-Crash-Here-Is-Why-750x432.jpeg 750w\" sizes=\"(max-width: 780px) 100vw, 780px\" \/><figcaption>Terra Luna 2.0 To Go Live Soon Following Hard Fork Vote<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-plan-for-terra-luna-2-0\" >Plan For Terra Luna 2.0 <\/a><\/li><li><a href=\"#h-terra-blockchain-new-token\" >Terra Blockchain New Token<\/a><\/li><li><a href=\"#h-luna-classic-release-date\" >Luna Classic Release Date<\/a><\/li><li><a href=\"#h-terra-2-0-is-still-in-preliminary-vote\" >Terra 2.0 Is Still In Preliminary Vote<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<p>Depending on how the Terra Luna vote turns out, a new token called Luna 2.0 is about to be released. But what is it?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-plan-for-terra-luna-2-0\">Plan For Terra Luna 2.0 <\/h2>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/do-kwon-proposes-new-governance-protocol-to-save-terra-blockchain.html\">Do Kwon<\/a> has made a plan for Luna to get back on its feet after the huge <a href=\"https:\/\/coinscreed.com\/staging\/crypto-crash-what-you-need-to-know.html\">crypto crash<\/a>. This is to help Luna get back on its feet. With this plan, a Luna fork will split the Terra blockchain that is already in place.<\/p>\n\n\n\n<p>So, since Do Kwon's plan to bring Luna back to life has the support of 80% of validators, let's take a look at what Luna 2.0 is all about.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-terra-blockchain-new-token\">Terra Blockchain New Token<\/h2>\n\n\n\n<p>Luna 2.0 will be the first token on the new <a href=\"https:\/\/coinscreed.com\/staging\/beware-of-this-fake-terra-luna-classic-lunc-scammer.html\">Terra blockchain<\/a>. Its purpose is to save the Terra Luna ecosystem after the stablecoin failed.<\/p>\n\n\n\n<p>Do Kwon, the founder of TerraForm Labs, has a plan to replace the Terra network with a new chain. He calls it the &#8220;Luna rebirth.&#8221; <\/p>\n\n\n\n<p>Along with this, the current version of Luna will be replaced by Luna 2.0. It will cut ties with the<a href=\"https:\/\/coinscreed.com\/staging\/luna-ust-stablecoin-price-crash-explained.html\"> UST stablecoin<\/a>, which was the cause of the crash.<\/p>\n\n\n\n<p>But the old chain and Luna won't just go away. They will both still be around. Terra Classic will be the name for the old chain, and Luna Classic will keep the Luna chain going.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-luna-classic-release-date\">Luna Classic Release Date<\/h2>\n\n\n\n<p>If the current vote goes through, Luna 2.0 will go live on May 27. This is the same day as the new Terra chain's genesis block.<\/p>\n\n\n\n<p>But these dates are not yet set in stone. Once the plan to bring the game back to life is approved, the new chain will have to be made quickly before the game's release.<\/p>\n\n\n\n<p>On this date, the Luna coin will also officially change its name to Luna Classic.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-terra-2-0-is-still-in-preliminary-vote\">Terra 2.0 Is Still In Preliminary Vote<\/h2>\n\n\n\n<p>A few days ago, Do Kwon of Luna suggested splitting the Terra chain to make a new cryptocurrency called Terra Luna Classic (LUNC). But voters rejected this idea.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#PeckShieldAlert<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> <a href=\"https:\/\/twitter.com\/hashtag\/honeypot?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#honeypot<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> PeckShield has detected Terra Luna Classic <a href=\"https:\/\/twitter.com\/search?q=%24LUNC&src=ctag&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$LUNC<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> <a href=\"https:\/\/t.co\/cvaFjEBPrn\" target=\"_blank\">https:\/\/t.co\/cvaFjEBPrn<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> is honeypot. Do *NOT* fall prey to it! Terra 2.0 (or not) is still in Preliminary Vote. <a href=\"https:\/\/twitter.com\/hashtag\/LUNAtics?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#LUNAtics<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> <a href=\"https:\/\/twitter.com\/LFG_org?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@LFG_org<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> <a href=\"https:\/\/twitter.com\/terra_money?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@terra_money<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> <a href=\"https:\/\/twitter.com\/pinkecosystem?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@pinkecosystem<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> <a href=\"https:\/\/t.co\/RF5DoD9LVe\" target=\"_blank\">pic.twitter.com\/RF5DoD9LVe<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/p>&mdash; PeckShieldAlert (@PeckShieldAlert) <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1526830343894220800?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 18, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><figcaption>\u2014 PeckShieldAlert (@PeckShieldAlert)\u00a0<a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1526830343894220800?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noreferrer noopener\">May 18, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n<p>More than 90% of those who voted said that the extra Luna should be burned instead of a fork being put to death. It looks like the con artist is using rumours about a Luna fork to get people to send them money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the ongoing hard fork vote Luna&#8217;s rebirth Terra Luna 2.0 is expected to go live soon. Here&#8217;s what it looks like Depending on how the Terra Luna vote turns out, a new token called Luna 2.0 is about to be released. But what is it? Plan For Terra Luna 2.0 Do Kwon has made [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":26789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[8815],"class_list":["post-27501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-terra-luna-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/LUNA-UST-Stablecoin-Sudden-Crash-Here-Is-Why.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/27501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=27501"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/27501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/26789"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=27501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=27501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=27501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}