According to Terra's official announcement, the Terra Revival Plan has been passed, and according to the passed proposal, the current Terra will be renamed as Terra Classic, and current LUNA and UST holders will receive a new LUNA airdrop. XT.COM will support this migration and airdrop program. The platform will rename the corresponding tokens, and all airdrop tokens received by the platform will be distributed to users.
According to the Terra Revival Plan:
Terra creates a new chain and the current chain is renamed as Terra Classic;
The current LUNA is renamed as LUNA Classic (LUNC);
The current UST is renamed as Terra Classic stable coin (USTC);
The new chain continues to use the name: Terra, the native token of the new chain is named LUNA, and the new chain no longer has Terra stable coin.
XT.COM will delist the current LUNA and UST markets on May 26, 2022 for a name change. The specific arrangements are as follows:
- XT.COM has stopped LUNA leveraged lending.
- Before 14:00 on May 26, 2022 (UTC), XT.COM will close the deposit and withdrawal of LUNA and UST.
- At 14:00 on May 26, 2022 (UTC), XT.COM will delist LUNA and UST trading, including spot trading and leveraged trading. Please be sure to complete the liquidation in advance, otherwise the forced liquidation will be triggered.
- Before 14:00 on May 26, 2022 (UTC), XT.COM will delist LUNA3L, LUNA3S, LUNA5L, LUNA5S, and redeem the net value before the delisting.
- XT.COM changed some of its token names, LUNA to LUNC, and UST to USTC. After the name change is completed, the spot trading market of LUNC and USTC will be launched.
- After XT.COM receives the new LUNA token airdrop, it will distribute 100% of the received airdrop to users (however, due to the limitation of airdrop rules and implementation difficulty, the specific implementation of the user's airdrop snapshot time, distribution quantity and distribution time may be adjusted. XT.COM specific airdrop snapshot time will be announced later).
Thank you for your support!
May 26, 2022
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XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.