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What is Terra Luna 2.0? When is the release date?

What is Terra Luna 2.0? When is the release date?

The new Terra Luna called Luna 2.0 is set to launch pending the results of the ongoing Terra Luna vote, but what exactly is it?

As Luna managed to recover herself from the major crypto crash Luna, a plan to recover Luna was put in place by Do Kwon. This plan will see the existing Terra blockchain segregated through a Luna fork.

So, while Do Kwon’s revival proposal seems more likely to pass, with 80% of the confirmers in favor, let’s see what Luna 2.0 is?

What is Luna 2.0?

Luna 2.0 will be a brand new token of the new Terra blockchain to rescue the Terra Luna ecosystem after the stablecoin collapse.

Dubbed the reincarnation of Luna, TerraForm Labs founder Do Kwon proposes to see a new chain replace the existing Terra network. Besides, Luna 2.0 will replace the existing version of Luna. It will sever ties with the UST stablecoin that saw the crash happen in the first place.

However, the old chain and the old Luna – not only will they disappear, they will co-exist. The old chain will be called Terra Classic, while the Luna Classic will also continue to operate the existing Luna.

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