Binance Completes First Phase of LUNA 2.0 Airdrop to Users
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Binance has been a solid supporter of Terra and its tokens since the early days of the company through the unfortunate meltdown recorded in May.
The exchange noted in its memo that it had renamed the original Terra network to Terra Classic while the new blockchain became Terra. Binance also noted that the old network’s tokens (LUNA and UST) would become Luna Classic (LUNC) and TerraClassicUSD (USTC).
That said, Binance has completed the distribution of LUNA airdrops to LUNC and USTC holders. It noted that users could confirm the receipt of their airdrops in their spot wallets through the Distribution page on the exchange’s User Center.
Also, it announced that it listed Terra 2.0 in the Innovation Zone, and users can trade the LUNA tokens against USDT and BUSD.
Before now, Binance warned Luna holders not to panic at the disappearance of coins from their accounts, assuring them it was part of the airdrop process. The exchange noted:
“Current Luna (old) holders may be noticing that coins are disappearing from wallets.
Please do not be alarmed. This is preparation for the switch to LUNC and upcoming airdrop of the new Terra 2.0.”
No LUNA Airdrop for US Binance Users
Binance announced via Twitter that the new LUNA airdrop would not get to Terra holders in the US and other sanctioned countries. The behemoth exchange has had several legal issues that have threatened to keep it out of the US due to the nation’s regulatory laws.
That said, it remains unclear how US citizens on the exchange will get their airdrops. However, Terra recently advised users to transfer their tokens to the Terra station and await their airdrops.
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