Some of the most popular cryptocurrency exchanges have come forward in support of the Terra 2.0 launch.
The recent announcement by Terra Foundation states that “the Terra Ecosystem has voted to pass Proposal 1623, calling for the genesis of a new blockchain”. As per the proposed plan, the original blockchain will be split off with the old chain being called Terra Classic. The new blockchain will get the name Terra which will run without any algorithmic stable coin, set to be launched on 27th May.
Moreover, Terra Foundation has mentioned that due to some technical limitations, it won’t be possible to include all LUNA and UST holdings on Terra in the snapshot. This includes UST or LUNA bridged off Terra etc.
The good news is that majority of the popular cryptocurrency exchanges have come forward in support of the Terra 2.0 launch. Cryptocurrency exchange Huobi said that it would support the launch of Luna 2.0, other exchanges who have shown the migration and airdrop support are HitBTC, Bitrue, Bitfinex, Gate.io, FTX, Bitget, Bybit, KuCoin, LBank, Binance, BigONE, Crypto.com and many more etc.