Please take note of the following schedule:
Deposits Effective Immediately (Supported Network: Terra Classic - Original Terra Chain)
Trading: 17:00 on May 26, 2022 (UTC)
Project Summary
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund's Special Drawing Rights basket of currencies — and it intends to roll out additional options.
Terra's native token, LUNA, is used to stabilize the price of the protocol's stablecoins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.
Per governance proposal 1623, a new chain will be created and will assume the Terra name.
The original chain will still function and be re-branded as Terra Classic.
The original Cosmos chain will still run, with market swaps (mint/burn function) disabled.
All balances will remain as they are.
Luna will become Luna Classic (LUNC).
Terra stablecoins (UST, KRT, EUT, etc.) will be renamed Terra Classic stablecoins (USTC, KRTC, EUTC, etc.).
Official Website: https://www.terra.money/
Twitter: https://twitter.com/terra_money
For further information about the our plan of Terra2.0 Migration and Airdrop, please refer to: K uCoin Will Support the Migration and Airdrop for Terra (LUNA) and TerraUSD (UST) Tokens
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
Regards,
The KuCoin Team
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