{"id":62163,"date":"2022-05-28T09:56:31","date_gmt":"2022-05-28T06:56:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62163"},"modified":"2025-09-05T16:19:43","modified_gmt":"2025-09-05T13:19:43","slug":"developers-launch-terra-2-0-mainnet-phoenix-1","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/developers-launch-terra-2-0-mainnet-phoenix-1\/","title":{"rendered":"Developers Launch Terra 2.0 Mainnet Phoenix-1"},"content":{"rendered":"<p>Terraform Labs chief Do Kwon announced the launch of the Terra 2.0 mainnet, designated Phoenix-1. He said LUNA airdrop participants have already received tokens \u2014 to view the balance, you must connect to Terra Station.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">To view your <a href=\\\"https:\/\/twitter.com\/search?q=%24LUNA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$LUNA<\/a> (or $LUNA2 as some exchanges call them) token balances, you only need to log into station and refresh the page<\/p>\n<p>For new users coming in from IBC et all, create a station wallet with the same ledger and station should walk you through the remaining steps <a href=\\\"https:\/\/t.co\/1ZKmCGKLvp\\\">https:\/\/t.co\/1ZKmCGKLvp<\/a><\/p>\n<p>\u2014 Do Kwon \ud83c\udf15 (@stablekwon) <a href=\\\"https:\/\/twitter.com\/stablekwon\/status\/1530432719947108352?ref_src=twsrc%5Etfw\\\">May 28, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Kwon added that new participants from the <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-cosmos-atom\">Inter-Blockchain Communication Protocol<\/a> ecosystem should connect to Terra Station using the same network through which they previously interacted with Terra Classic.<\/p>\n<p>The Terra Finder block explorer added support for Phoenix-1. According to the service, as of writing the network had produced more than 330 blocks.<\/p>\n<p>Terraform Labs said that users can perform operations with liquid LUNA, including staking, trading and transactions with decentralised applications after launch.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">3\/ Users can do multiple things with their liquid <a href=\\\"https:\/\/twitter.com\/search?q=%24LUNA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$LUNA<\/a>, including staking it on Terra Station to their preferred validator(s) to earn rewards &#038; participate in governance decisions, using it on dApps upon launch, or trading it on an exchange.<\/p>\n<p>\u2014 Terra \ud83c\udf0d Powered by LUNA \ud83c\udf15 (@terra_money) <a href=\\\"https:\/\/twitter.com\/terra_money\/status\/1530432068060168195?ref_src=twsrc%5Etfw\\\">May 28, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u00abSince Terra 2.0 is a <a href=\"https:\/\/u1f987.com\/en\/news\/terra-developers-to-launch-a-new-network-instead-of-conducting-a-hard-fork\">native chain<\/a>, and not a fork, <span data-descr=\\\"decentralised applications\\\" class=\\\"old_tooltip\\\">dapps<\/span> from Terra Classic will have to be restarted on the new blockchain\u00bb, \u2014 the developers reminded.<\/p>\n<\/blockquote>\n<p>LUNA tokens in vesting are automatically enrolled in staking. Users can select a validator via redelegation or undelegation. In the latter case, a 21-day waiting period applies.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"719\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_6-11-1024x719.png\\\" alt=\\\"Developers launch Terra 2.0 mainnet\\\" class=\\\"wp-image-174357\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_6-11-1024x719.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_6-11-300x211.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_6-11-768x539.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_6-11.png 1101w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Source: Terra Station.<\/figcaption><\/figure>\n<p>According to <a href=\\\"https:\/\/station.terra.money\/\\\">Terra Station<\/a>, the total supply of LUNA is fixed at 1 billion tokens \u2014 of which more than 328 million coins are in the community pool. The remaining cryptocurrency is allocated in the airdrop.<\/p>\n<p>The Terra 2.0 launch was supported by many centralized exchanges<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-exchanges-back-the-terra-revival\">, including Binance, Huobi and Kraken. Most platforms have not yet announced the start of LUNA trading. However, some industry participants have already disclosed the timing of the opening of the corresponding spot market.<\/p>\n<div class=\\\"wp-block-text-wrappers-update-2 article_update\\\"><time class=\\\"gtb_text-wrappers_update_time\\\">28 May 2022 | 11:57<\/time><span class=\\\"gtb_text-wrappers_update_head\\\">Update: <\/span><\/p>\n<p>Crypto exchange Bybit opened access to the LUNA\/USDT market. Trading started at $0.50, and within an hour quotes for the asset rose sharply \u2014 at the time of writing the price stands at $17.55.<\/p>\n<figure class=\\\"wp-block-image size-full\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"917\\\" height=\\\"562\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/111-15.png\\\" alt=\\\"Developers launch Terra 2.0 mainnet\\\" class=\\\"wp-image-174364\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/111-15.png 917w, https:\/\/u1f987.com\/wp-content\/uploads\/111-15-300x184.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/111-15-768x471.png 768w\\\" sizes=\\\"auto, (max-width: 917px) 100vw, 917px\\\" \/><figcaption>Data: <a href=\\\"https:\/\/www.bybit.com\/en-US\/trade\/spot\/LUNA\/USDT\\\">Bybit<\/a>.<\/figcaption><\/figure>\n<div class=\\\"wp-block-text-wrappers-update-2 article_update\\\"><time class=\\\"gtb_text-wrappers_update_time\\\">28 May 2022 | 14:00<\/time><span class=\\\"gtb_text-wrappers_update_head\\\">Update: <\/span><\/p>\n<p>Access to LUNA was also opened by OKX, Gate.io, Bitrue and KuCoin.<\/p>\n<\/div>\n<div class=\\\"wp-block-text-wrappers-update-2 article_update\\\"><time class=\\\"gtb_text-wrappers_update_time\\\">28 May 2022 | 18:58<\/time><span class=\\\"gtb_text-wrappers_update_head\\\">Update: <\/span><\/p>\n<p>Binance is distributing LUNA to users and will launch trading for the asset in USDT and BUSD pairs on May 31 at 09:00 (Kyiv\/Moscow time).<\/p>\n<p>Deposits and withdrawals of LUNA will open in advance \u2014 at 08:30.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">The team is working flat out to distribute the <a href=\\\"https:\/\/twitter.com\/search?q=%24LUNA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$LUNA<\/a> airdrop to <a href=\\\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Binance<\/a> users. <\/p>\n<p>We have a big user base, so please bear with us as we process the airdrop. Need a bit of time to execute. Thanks \ud83d\ude4f <a href=\\\"https:\/\/t.co\/m9SOcMQT8P\\\">https:\/\/t.co\/m9SOcMQT8P<\/a><\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\\\"https:\/\/twitter.com\/cz_binance\/status\/1530572426152759297?ref_src=twsrc%5Etfw\\\">May 28, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\n<\/div>\n<\/div>\n<p>For example, the MEXC exchange will open access to LUNA in the USDT pair on May 28 at 13:00 (Kyiv\/Moscow time). The pair will trade in the platform&#8217;s Innovation Zone.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\ud83d\udcc8 <a href=\\\"https:\/\/twitter.com\/search?q=%24LUNA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$LUNA<\/a>\/USDT will list as a spot trading pair in the Innovation Zone! (Trading will open when the liquidity standard is met) <a href=\\\"https:\/\/twitter.com\/terra_money?ref_src=twsrc%5Etfw\\\">@terra_money<\/a><\/p>\n<p>Details: <a href=\\\"https:\/\/t.co\/WBIZkTBsJ0\\\">https:\/\/t.co\/WBIZkTBsJ0<\/a><\/p>\n<p>\ud83d\udc9aSign up: <a href=\\\"https:\/\/t.co\/9v8Mpo8sq0\\\">https:\/\/t.co\/9v8Mpo8sq0<\/a><a href=\\\"https:\/\/twitter.com\/hashtag\/Terra?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Terra<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/MEXCListing?src=hash&#038;ref_src=twsrc%5Etfw\\\">#MEXCListing<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/findnextmoonshot?src=hash&#038;ref_src=twsrc%5Etfw\\\">#findnextmoonshot<\/a> <a href=\\\"https:\/\/t.co\/WrOjOEDtIH\\\">pic.twitter.com\/WrOjOEDtIH<\/a><\/p>\n<p>\u2014 MEXC Global (@MEXC_Global) <a href=\\\"https:\/\/twitter.com\/MEXC_Global\/status\/1530434337984114693?ref_src=twsrc%5Etfw\\\">May 28, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Back in May 26, the Terra Classic community <a href=\"https:\/\/u1f987.com\/en\/news\/terra-2-0-mainnet-launch-moved-to-may-28-as-community-approves-burning-1-3bn-ust\">approved a proposal to burn TerraUSD (UST)<\/a>, held in the community pool, as well as stablecoins issued in the final stage of liquidity mining on the Ethereum blockchain.<\/p>\n<p>Read ForkLog\u2019s bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 news on cryptocurrencies, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terraform Labs head Do Kwon announced the launch of the Terra 2.0 mainnet, designated Phoenix-1. He said LUNA airdrop participants have already received tokens \u2014 to view the balance, you must connect to Terra Station.<\/p>\n","protected":false},"author":1,"featured_media":62164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[852],"class_list":["post-62163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-terra"],"aioseo_notices":[],"amp_enabled":true,"views":"43","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=62163"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62163\/revisions"}],"predecessor-version":[{"id":62165,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62163\/revisions\/62165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62164"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}