DearKuCoinUsers,
KuCoinisextremelyproudtoannounceyetanothergreatprojectcomingtoourtradingplatform.TerraClassic(LUNC)andTerraClassicUSD(USTC)arenowavailableonKuCoin.SupportedtradingpairisLUNC/USDT,LUNC/USDC,USTC/USDTandUSTC/USDC.
Pleasetakenoteofthefollowingschedule:
DepositsEffectiveImmediately(SupportedNetwork:TerraClassic-OriginalTerraChain)Trading:17:00onMay26,2022(UTC)ProjectSummary
Terraisablockchainprotocolthatusesfiat-peggedstablecoinstopowerprice-stableglobalpaymentssystems.Accordingtoitswhitepaper,Terracombinesthepricestabilityandwideadoptionoffiatcurrencieswiththecensorship-resistanceofBitcoin(BTC)andoffersfastandaffordablesettlements.
DevelopmentonTerrabeganinJanuary2018,anditsmainnetofficiallylaunchedinApril2019.AsofSeptember2021,itoffersstablecoinspeggedtotheU.S.dollar,SouthKoreanwon,MongoliantugrikandtheInternationalMonetaryFund'sSpecialDrawingRightsbasketofcurrencies—anditintendstorolloutadditionaloptions.
Terra'snativetoken,LUNA,isusedtostabilizethepriceoftheprotocol'sstablecoins.LUNAholdersarealsoabletosubmitandvoteongovernanceproposals,givingitthefunctionalityofagovernancetoken.
Pergovernanceproposal1623,anewchainwillbecreatedandwillassumetheTerraname.
Theoriginalchainwillstillfunctionandbere-brandedasTerraClassic.
TheoriginalCosmoschainwillstillrun,withmarketswaps(mint/burnfunction)disabled.Allbalanceswillremainastheyare.LunawillbecomeLunaClassic(LUNC).Terrastablecoins(UST,KRT,EUT,etc.)willberenamedTerraClassicstablecoins(USTC,KRTC,EUTC,etc.).OfficialWebsite:https://www.terra.money/
Twitter:https://twitter.com/terra_money
ForfurtherinformationabouttheourplanofTerra2.0MigrationandAirdrop,pleasereferto:KuCoinWillSupporttheMigrationandAirdropforTerra(LUNA)andTerraUSD(UST)Tokens
RiskWarning:Investingincryptocurrencyisakintobeingaventurecapitalinvestor.Thecryptocurrencymarketisavailableworldwide24x7fortradingwithnomarketcloseoropentimes.Pleasedoyourownriskassessmentwhendecidinghowtoinvestincryptocurrencyandblockchaintechnology.KuCoinattemptstoscreenalltokensbeforetheycometomarket,however,evenwiththebestduediligence,therearestillriskswheninvesting.KuCoinisnotliableforinvestmentgainsorlosses.
Regards,
TheKuCoinTeam
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