6000% increase right after Luna 2.0 listing? But back to the abyss.

Recently, Terra-related ecosystems, which are domestic coins that have affected not only virtual currency but also the global financial market, have been revived with Terra 2.0. More than 60 percent of Terra’s previous governance votes supported the launch of the new platform.

Source = E2DAY

The governance vote on whether to create “Tera 2.0” ended at 8 p.m. on the 25th with a 66% approval ratio. Only 21% abstained and 0.3% opposed.

When UST, which was previously an algorithm-based stable coin, and Luna, the coin that maintains it, did not work properly, they created a new ecosystem without stable coins by doing a “hard fork.”

The existing ecosystems became “Terraclassic” and “LUNC,” and the new ecosystems were named “Terraclass” and “LUNA.”

At the time of the vote, many small investors expressed opposition, saying, “What’s the new ecosystem?” when the situation was not settled and the cause was not clear. The voting of the blockchain hardly reflected the voices of small investors as the voting rights of investors with large holdings increased.

Source = WikiTree

However, the new Luna 2.0 is not expected to be available on the domestic exchange.

This is because domestic cryptocurrency exchanges are all saying that they have no plans to list the new coin.

As Kwon Do-hyung, CEO of Terraform Labs, says, it is uncertain whether it is practically possible to issue a new cryptocurrency to relieve the damage suffered by existing Luna holders, and there is already no trust in the related ecosystem.

Upbit, Coinone, Gopax, Bithumb, and Kosip, which are domestic exchanges, have already ended their support for the existing Luna or will all end this month. We announced that we will support airdrop for Luna 2.0 from the afternoon of the 26th. Airdrop is the free distribution of new luna to existing luna holders.

This airdrop does not mean listing.

Bithumb said it had already received a request for listing, but it was difficult due to the internal atmosphere, and Covit and Coinone did not receive the request itself.

In fact, even if Terra asks domestic exchanges to be listed, it has no choice but to review the procedure, but it is highly likely that neither exchange will actually be listed. As soon as the new government was launched, an investigation into Terra is underway at the government level, and it’s hard to think of a listing in the midst of this.

But apart from this, there are already listed places in the case of overseas exchanges.

Source = Coin Market Cap

According to CoinMarketCap, Luna 2.0 has already been listed on exchanges such as Cucoin, Vibit, Kraken, Megs C, Okex, and Binance.

On the Vibit Exchange, the 24-hour fluctuation rate is 1069%.

The price listed at $0.5 once rose to $30 and rose by a whopping 6000% But now it’s around $5.7. This price is also more than 10 times higher than when it was listed.

However, it should be noted that Luna 2.0 was air-droped only to existing Luna holders in most cases.

As I said, you cannot buy a new Luna in Korea, and there seems to be no reason to buy a new Luna now unless you are the holders at the time of listing on overseas exchanges. If you buy it now, there is a high risk of an ant lamp exploding in a whale fight.

The market trend in general has been very bad lately. Eating out and traveling are revitalizing due to the lifting of the COVID-19 distancing, but the overall downward trend is strong in the cryptocurrency market, NASDAQ, and the KOSPI index.

In this case, it is wise to use a futures exchange that allows short selling (short position). Please sign up through the Korean sign-up link for the Binance Exchange that I recommend. 바이낸스 거래소 한국어 Today, we looked at the fact that CEO Kwon Do-hyung, known as Do-kwon, has launched a new coin and the precautions.

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