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Terra 2.0 - LUNC (Luna Classic) is coming on May 28th 2022


Today, the Terra community announced on Twitter,"The community has been working around the clock to coordinate the new chain’s launch. Subject to potential change, we expect Terra to go live on May 28th, 2022 at around 06:00 AM UTC".

About Terra 2.0

The new Terra network will inherit the deep developer pool and passionate LUNAtic community that made Terra Classic the 2nd largest smart contract blockchain behind Ethereum. As the community migrates to the new chain, most of the popular Terra Classic projects will be joining them, including:
  • Astroport
  • Prism
  • RandomEarth
  • Spectrum
  • Nebula
  • and many others

Built with interoperability in mind, Terra will be the gateway to the wider Cosmos ecosystem and beyond.

1/ Yesterday, we said Terra 2.0 is coming. Tomorrow, it arrives. 
 
The community has been working around the clock to coordinate the new chain’s launch. Subject to potential change, we expect Terra to go live on May 28th, 2022 at around 06:00 AM UTC.

2/ To reach this point so quickly speaks volumes about our incredible community of users, validators, developers, and exchange partners 🌎 
 
We’d like to thank each and every one of you for making this possible 🀝

3/ Ahead of Genesis, here are the most important things to know πŸ‘‡


4/ An overview of events leading up to the launch: 
 
1. TFL will share the preultimate-genesis.json file with Terra validators participating in Genesis 

2. TFL will collect all gen_tx’s from validators

5/ An overview of events leading up to the launch (continued):

3. Block 1 of the new chain will be produced following a supermajority of interconnected validators running simultaneously

6/ Terra Station, Terra Finder (our block explorer), and Terra Observer (our feeder for dApps) will all have full functionality when the network goes live πŸš€

7/ Many of the dApps you know & love from Terra Classic have committed to migrating to Terra. 
 
Their launch timing will depend on several factors including team bandwidth, so we’ll let you hear from them directly about their plans (which we can’t wait to hear as well) πŸ‘€

8/ Thanks to our exchange partners working with us closely, the new $LUNA coin will be listed on many of your favorites. The finalized list of those participating in the launch will be out soon, so stay tuned. In the meantime, watch for announcements from exchanges on Twitter 🐦

9/ We also wanted to answer some of the most common questions raised by the community around the $LUNA airdrop. To begin, please check out our airdrop announcement from yesterday πŸ‘‡

10/ Q: When will the airdrop occur? 
 
A: The LUNA airdrop will occur on the first block of the new Terra chain, expected on or around May 28th, 2022 at 06:00:00 GMT.

11/ Q: How does vesting work with the airdropped $LUNA? 
 
A: You can find complete details on vesting within the section titled “Vested LUNA” in this article πŸ‘‡

12/ Q: What can I do with my liquid (non-vesting) $LUNA?  
 
A: Users can stake their liquid $LUNA on Terra Station to their preferred validator(s) to earn rewards and participate in the new chain’s governance, use dApps upon launch, or trade it on an exchange.

13/ Q: Do I need to claim the airdrop or will it just show up in my wallet? 
 
A: $LUNA that is not immediately staked (as vesting tokens) will be made available in users’ Terra wallets automatically.

14/ A (continued): Staked vesting tokens will show up in Terra Station. Users just need to select the new network and visit the “Stake” tab to view their staked balance. 

After a user’s vesting cliff is hit, tokens will start to become available in their wallet each block.

15/ A (continued): Users who receive the airdrop through CEXs should check with the exchange for details on how the $LUNA airdrop will work. Our partner exchanges have done a great job of communicating these details, and we’ve been retweeting the announcements as they drop.
 
16/ Terra validators are highly encouraged to join this Discord for announcements, launch sequencing, and everything else they need to know to hit the ground running πŸ‘‡

17/ As a community, we said we would rise from the ashes. Tomorrow, one of the most decentralized and community-owned blockchains ever will launch as a result.

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