Tag: luna

October 8, 2022

The foundation cites “ongoing and threatened lawsuits” because it has been unable to distribute its remaining assets to users of the land deposits (starting with smaller scammers). The Luna Foundation Guard, or LFG, a foundation focused on the Terra ecosystem, said it could not provide a timetable for the distribution of assets to users after […]

May 28, 2022

Terra (LUNA) 2.0 relaunches in accordance with Do Kwon’s revitalization strategy Terraform Labs co-founder and CEO Do Kwon confirmed the relaunch of Terra 2.0, the company’s new chain that intends to resuscitate the Terra (LUNA) and TerraUSD (UST) ecosystems. Hard forking the current blockchain and reissuing LUNA tokens to existing investors based on a snapshot […]

May 26, 2022

The ‘New’ Luna Will Be Distributed In The Following Ways Following the implosion of the terra USD (UST) algorithmic stablecoin earlier this month, a snapshot of the Terra blockchain will be taken later this week in preparation for the launch of “Terra 2.0,” a “rebirth” of the Terra ecosystem. The revival plan is now moving […]

May 13, 2022

Terra Blockchain has temporarily halted block production and plans to restart the network with a patch. The Terra blockchain had stopped creating blocks around mid-afternoon Eastern Standard time at the time of publishing. According to the team’s Twitter account, the Terra blockchain was formally terminated at a block high of 7603700. Following significant $LUNA inflation […]