Cryptocurrency exchange Binance has announced that it will list Terra 2.0 (LUNA) in the Innovation Zone and open trading for the LUNA/USDT and LUNA/BUSD pairs on May 31 at 06:00 UTC.
The exchange drew the attention of users that the innovation zone is a specially created trading area where users can trade new crypto assets that have increased volatility and pose a higher risk of loss for traders. Therefore, if wishing to trade in this sector, users must first complete the questionnaire as part of Binance’s initial disclaimer.
“Terra 2.0 (LUNA) is a new token that may pose a higher risk than usual and therefore may be subject to volatility. Please ensure that you implement all necessary risk management measures and fully understand the project before deciding to trade the token,” the exchange said in a statement.
Recall that the Terra community and the leadership of Terraform Labs abandoned the TerraUSD algorithmic stablecoin and created a new blockchain, renaming the current network to Luna Classic (LUNC). Also, an airdrop of 1 billion LUNA 2.0 was held between the participants of the Terra ecosystem.
The launch of LUNA 2.0 was unstable: in the first few hours of trading last Saturday, the price at the moment fell to 80%. According to CoinMarketcap data, LUNA 2.0 opened in the $17-$18 range, then jumped to $19.53 and fell to $3.9. At press time, LUNA 2.0 is trading around $6.11.
