Binance has announced to take Terra 2.0 (LUNA) live for trading on the Innovation Zone on May 31, 2022, at 6 UTC. Users will be able to deposit and withdraw the dnew Terra token on the same day at 5:30 UTC. Trading pairs, namely LUNA/USDT and LUNA/BUSD, will be available for trading.

The token distribution will be ratio-based on the eligible holders of LUNC and USTC. Token distributions are represented below in the table:-

 

Particulars

Value In LUNA

Pre-Attack 1 aUST

0.01827712143

Pre-Attack 1 LUNC

1.034735071

Post-Attack 1 USTC

0.02354800084

Post-Attack 1 LUNC

0.000015307927

Terra 2.0 poses higher-than-normal risk and volatility. It has been therefore categorized in the Innovation Zone for trading. The Innovation Zone is where users find only those tokens that carry high volatility with increased trading risk. One must first visit the web version of the trading page to review the Terms of Use before becoming a part of the Innovation Zone.

Risk can be mitigated by conducting thorough research about the Terra project. Understanding the fundamentals of the project would help make better decisions. In case of uncertainty, users may choose not to trade the token on the platform. Binance ensures that there is less to zero loss suffered by a user.

Efforts put in by the team have made Binance a global leader in the crypto exchange industry. The platform is easy to use for experienced and new traders alike. Users can always get in touch with the support to get a query resolved.

Binance was founded in 2017 by a team of talented and dedicated professionals. They continue to drive the growth chart of the crypto exchange platform. Binance now has more than 100 trading pairs and at least 100 cryptocurrencies listed, giving its users ample options. New crypto traders should find more details in this comprehensive review of Binance.

The platform can handle 2 billion average daily volumes with 1,400,000 transactions per second. BNB is a multiple utility native token of Binance that powers its entire ecosystem as an underlying gas. The vision of Binance is to increase the global freedom of finance, allowing everyone to participate in building the financial infrastructure by securely storing the wealth.

Binance Academy is an important part of the Binance ecosystem, and it is an open section for everyone who wants to learn about cryptocurrency and blockchain technology. Entrepreneurs benefit hugely from Binance Launchpad, a helping hand of Binance that enables entrepreneurs to launch a token on the platform. Trust Wallet by Binance helps users send, receive, and store their digital holding securely. Binance also runs a charity program where it looks to advance blockchain-enabled philanthropy and global sustainable development.

Source link: https://www.cryptonewsz.com/terra-2-0-trading-to-go-live-on-the-innovation-zone-by-binance/

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