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Saturday, September 7, 2024

Binance and other crypto exchanges supported the revival of the Terra project

The largest trading platforms have declared their readiness to contribute to the restoration of the network and will participate in the distribution of new Terra 2.0 tokens

The largest crypto exchanges announced their support and participation in the implementation of the plan of Terraform Labs CEO Do Kwon, which provides for the distribution of new tokens to holders of LUNA and UST. The new Terra 2.0 blockchain will be launched on May 27th.

The largest crypto platform Binance will support the distribution of new tokens, as reported on the official Terra page on Twitter with a link to the Binance account.

Cryptocurrency exchange Huobi has also announced that it supports the launch of LUNA 2.0. in response to Terra’s announcement that the ecosystem restoration plan was voted on by the community.

The HitBTC exchange announced on its official account that the new Terra Network Token (LUNA) will be available on the platform from May 27th. The old version of the network will be renamed Terra Classic (LUNC).

ByBit announced the renaming of old tokens on the platform on May 26, and the further receipt of new tokens to LUNA holders on their spot wallets through a distribution from Terra.

Terraform Labs CEO Do Kwon has drawn up a plan to revive the Terra blockchain with distribution of tokens to LUNA and UST holders. When the new network is launched, Luna holders will receive Luna 2.0 tokens.

According to a survey conducted on the Terra project website, more than 65% of users voted in favor of implementing Do Kwon’s proposal to launch a new version of the network, and only 0.33% of those polled were against.

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