{"id":453085,"date":"2022-05-26T13:59:58","date_gmt":"2022-05-26T10:59:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/exchanges-back-terra-2-0-revival-plan-via-airdrops-listing-buyback-and-burning\/"},"modified":"2022-05-26T13:59:58","modified_gmt":"2022-05-26T10:59:58","slug":"exchanges-back-terra-2-0-revival-plan-via-airdrops-listing-buyback-and-burning","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/exchanges-back-terra-2-0-revival-plan-via-airdrops-listing-buyback-and-burning\/","title":{"rendered":"# Exchanges back &#8216;Terra 2.0 revival plan&#8217; via airdrops, listing, buyback and burning"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a396dcc69284\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a396dcc69284\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/exchanges-back-terra-2-0-revival-plan-via-airdrops-listing-buyback-and-burning\/#%E2%80%9D_Exchanges_back_%E2%80%98Terra_20_revival_plan_via_airdrops_listing_buyback_and_burning_%E2%80%9C\" >&#8221; Exchanges back &#8216;Terra 2.0 revival plan&#8217; via airdrops, listing, buyback and burning &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Exchanges_back_%E2%80%98Terra_20_revival_plan_via_airdrops_listing_buyback_and_burning_%E2%80%9C\"><\/span>&#8221; Exchanges back &#8216;Terra 2.0 revival plan&#8217; via airdrops, listing, buyback and burning &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvM2VmNDQ2YWMtMzUwYS00Y2Q5LTkxYmMtNDgxMGJkMTAyMzkzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing from crypto exchanges to help it rebuild.\u00a0<\/p>\n<p>In an announcement Thursday, Terra <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/terra-money\/terra-2-0-luna-airdrop-cd08a6d9cfcd\">provided<\/a> details about the airdrop of the new native token within its new blockchain dubbed Terra 2.0. The distribution of tokens will proceed on May 27, 2022 and holders of Terra Luna Classic (LUNC), TerraUSD Classic (USTC) and Anchor Protocol UST (aUST) who are eligible will receive new tokens. <\/p>\n<p>Crypto exchanges Binance and FTX noted that they are working closely with the Terra team regarding the upcoming airdrop. According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/binance\/status\/1529436477867835392\/\">Binance<\/a>, their aim is to help affected users within their platform by helping Terra with the recovery plan. <\/p>\n<p>On the other hand, FTX <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/help.ftx.com\/hc\/en-us\/articles\/6534496348564\">announced<\/a> that it will support the airdrop and temporarily halt LUNA and UST markets during the migration. Apart from Binance and FTX, the Terra team <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/terra_money\/status\/1529451646152937472\">said<\/a> that they are also working closely with more partner exchanges that will support the airdrop. <\/p>\n<p>Apart from the airdrop, many exchanges like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/kucoincom\/status\/1529741159182254080?s=20&amp;t=kEerI8pRo95an5aW-c_GVA\">KuCoin<\/a> also expressed support for Terra 2.0 by supporting the migration, listing and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BitrueOfficial\/status\/1529483581994967041\">trading<\/a> of the new Terra tokens within their crypto exchange platforms.\u00a0<\/p>\n<p>While some expressed their support, not all exchanges are eager to list the new tokens. In a statement, a spokesperson from crypto exchange BitMEX told Cointelegraph that at the moment, there are no plans to list the new Terra tokens. They explained that: <\/p>\n<blockquote><p>\u201cWe list tokens for spot trading based on numerous factors, including that we have a custody solution for that particular token. As such we have no plans at this stage to list LUNA for Spot.\u201d<\/p><\/blockquote>\n<p>As for derivatives contracts, the spokesperson said that the exchange needs to ensure there is a \u201creliable reference index\u201d before it can consider contracts on the new LUNA token.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more<\/em><\/strong><\/p>\n<p>Meanwhile, not everyone is ready to fully move on to the new chain. Despite Terra founder Do Kwon\u2019s position against burning LUNA\u2019s circulating supply, users of the crypto trading platform MEXC Global voted to initiate buybacks and burning in Terra\u2019s secondary market. Using the trading fees collected from the new LUNA\/USDT spot trading pair within its platform, MEXC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/support.mexc.com\/hc\/en-001\/articles\/6899553373593\">committed<\/a> to a month-long buyback and burning process. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/exchanges-back-terra-2-0-revival-plan-via-airdrops-listing-buyback-and-burning\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Exchanges back &#8216;Terra 2.0 revival plan&#8217; via airdrops, listing, buyback and burning &#8220; The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing from crypto exchanges to help it rebuild.\u00a0 In an announcement Thursday, Terra provided details about the airdrop&#8230;<\/p>\n","protected":false},"author":1,"featured_media":453086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvM2VmNDQ2YWMtMzUwYS00Y2Q5LTkxYmMtNDgxMGJkMTAyMzkzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74894,122378,117],"class_list":["post-453085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-blockchain","tag-terra","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/453085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=453085"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/453085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/453086"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=453085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=453085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=453085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}