Is Luna 2.0 a Good Long-term Investment? Explained!

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Is Luna 2.0 a Good Long-term Investment? Explained!

Posted By Walla Tens     May 26    

Body

 

The Luna 2.0 ecosystem is ready for a restart after this month's spectacular collapse, which resulted in losses of more than $40 billion. When that happened, the current Luna 2.0 token fell to $0.00018, which is a notable drop considering it traded at $120 a few months ago.

 

How will Luna 2.0 Relaunch?

 

Luna's recovery plan consists of several important parts. The goal of this recovery will be to ensure the continuation of the strong society that existed before the collapse. The same goes for major projects, such as Astroport, Station, and Stader, built on the Terrace. First, the current Luna will change its name to Luna Classic, and its brand name will be called LUNC. The new blockchain and token are called Terra and Luna, respectively.

 

Stablecoin

 

The network will destroy the TerraUSD stablecoin that caused this issue. Therefore, it is not yet clear if the developers will launch a new stablecoin. It is also unclear whether they will create a new compromise stablecoin or accept existing coins like USD Coin and Tether.

 

Assets

 

Significant developers are allocated 0.5% of the total supply to encourage their loyalty to the network. They also receive 1.5 percent of the total assets as part of the developer adaptation program and 8 percent of the total supply for the mining program.

 

The remaining coins are given to the Luna and UST owners before and after the attack. Some owners that do not have the right to secede include UST or Luna, which are disconnected from the Terra and Luna 2.0 protocols and cannot be verified. Luna 2.0 Chart will be released this week on Thursday.

 

Is Luna 2.0 a Good Investment?

 

The fall of Luna 2.0 has caused a lot of people a lot of pain, and many of them may not have the incentive to buy coins again. Although South Korean prosecutors are prosecuting Do Kwon, it is too early to say who is responsible for his downfall.

 

I think UST was a great idea that fell through. Therefore, there is a chance that Luna 2.0 will overcome the shortcomings of the previous version. As the name is heavily recognized, we cannot rule out the possibility that the price of Luna 2.0 will recover in the near future.

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