Week after launch, New Terra fails to offer massive benefits to holders LUNA2 $LUNA 2.0 Blockchain LUNAtic
, which went live just about a week ago. Terra 2.0 launched on May 28 as part of the"Terra revival" plan in a community-approved proposal by Terra co-founder Do Kwon. The original Terra blockchain, after its collapse, was abandoned and rebranded as Terra Classic. The new Terra blockchain, which does not support stablecoins, already has seven projects launching on it.Since then, the average price of the LUNA 2.0 token has stayed beneath $11.
data. On May 6, the old LUNA was trading at around $86 before the TerraUSD stablecoin lost its dollar parity., while Terra seemed quite hopeful about the success of this new chain, few are quite so optimistic."There's a big question mark. Whether that will be successful will take a lot of rebuilding trust with investors and builders,"Felix Hartmann, managing partner of Hartmann Capital, commented in response to the newly launched terra blockchain.
According to Hartmann, Terra's rebuilding from the ashes is worth watching since it will likely start from the bottom up, but it will also require a lot of grinding on the part of the founders because they will no longer have billion-dollar market valuations."So it's something worth watching," Hartman continues,"but the real fruition—if it ever happens—might take a year or two, certainly not this month.
Terra's ecosystem collapsed in May following the Terra UST depegging. Following a sharp price drop, the original LUNA completely lost all of its worth, with billions of losses recorded.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Police officer shot, injured in West New York, New JerseyOfficers were reportedly responding to a domestic violence call at a home on 59th Street, but when they knocked on the door, the suspect came out shooting.
Leer más »
New York state lawmakers pass bill capping size of New York City public school classroomsNew York state lawmakers passed a bill that will shrink the size of New York City public school classrooms.
Leer más »
Anderson Cooper’s new baby gives magnificent side-eye in new photoThe news anchor celebrated his 55th birthday with his two sons, Wyatt and Sebastian.
Leer más »
Police officer shot in West New York, New JerseyOne police officer was shot, but his injuries are not life-threatening. He was taken to a local hospital.
Leer más »
Police officer shot in West New York, New Jersey PBA saysAuthorities are trying to piece together what led to a police-involved shooting in West New York, New Jersey.
Leer más »