Introduction to Terra 2.0
Terra 2.0 is a decentralized, open-source blockchain protocol developed as a community-driven evolution of the original Terra network. Designed for interoperability, Terra 2.0 (LUNA2) serves as the native governance token for this revitalized ecosystem, inheriting Terra Classic’s developer community.
Key Features of LUNA2
- Governance: Stake LUNA2 to participate in network decisions.
- Airdrop Eligibility: Distribution follows a phased vesting schedule based on pre- and post-attack snapshots.
- Trading Pairs: Available against EUR and USD with a price precision of 5 decimal places.
How to Deposit and Withdraw LUNA2
Step-by-Step Guide
Deposits:
- Navigate to your exchange’s Funding section.
- Select LUNA2 and generate a deposit address.
- Minimum deposit: 0.1 LUNA2 (confirmations are near-instant).
Trading:
- Trade LUNA2 against EUR/USD with a minimum order size of 1 LUNA2.
- Monitor real-time updates via the exchange’s status page.
LUNA2 Airdrop Distribution Details
Eligibility is determined by two snapshots:
| Snapshot Date | Holder Category | Distribution Plan |
|---------------------|-------------------------------|--------------------------------------------|
| May 7, 2022 | <10K LUNA | 30% upfront; 70% vested over 24 months |
| | 10K–999K LUNA | Monthly vesting over 24 months (from 2023) |
| May 26, 2022 | All LUNA/UST holders | 30% upfront; 70% vested over 24 months |
Note: Staking Terra Classic (LUNC) is no longer supported.
Risks and Considerations
- Market Volatility: Limit/market orders aren’t guaranteed execution. Liquidity varies by asset.
- Regulatory Restrictions: Not available in Japan.
- Research Advised: Listing ≠ endorsement. Assess risks independently.
FAQ Section
1. How do I claim my LUNA2 airdrop?
Eligible users receive tokens automatically per the vesting schedule. No action is needed unless specified by your exchange.
2. Can I stake LUNA2?
Yes, LUNA2 is used for governance staking. Check your exchange’s staking options.
3. Why was Terra 2.0 created?
To reboot the ecosystem after Terra Classic’s collapse, prioritizing interoperability and developer continuity.
👉 Learn more about LUNA2 staking
Final Notes
Last Updated: September 2022
Disclaimer: Crypto trading carries risks. These materials aren’t financial advice. Tax obligations may apply.
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