A couple of weeks ago the crypto community stood witness to the devastating collapse of Luna, once believed to be one of the most promising crypto projects, resulting in tens of billions of dollars of losses for individuals and institutions alike. In an attempt to recover from the ensuing LUNA crash, Do Kwon, Terra’s co-founder, announced the launch of a completely new chain, promptly dubbed Luna 2.0, on May 16th.
With Luna 2.0, Terra plans to preserve most of its resources. About 65% of the votes from the community were in favor of this decision, with only 13.2% standing in opposition.
Terra 2.0 saw the light of day on May 28th, with an airdrop that all LUNA token holders were eligible for. Many centralized exchanges, such as Binance, Huobi, and FTX have already agreed to participate in the airdrop, with markets for LUNA, which is the ticker for Terra 2.0, and LUNC, or Terra Classic which is the original chain, opening May 31st.
The market’s reaction to the LUNA and LUNC was controversial at best, with LUNA plunging over 67% hours after launch, and LUNC getting an 80% jump in the wake of the fork.
The demand for both LUNC and LUNA has been increasing over the past day, with more and more people trying to get both altcois without having to jump through all the hoops of having to interact with a CEX.
The leading instant exchange Swapzone is the first service of its kind on the market that listened to the needs of the people and started serving both LUNC and LUNA for instant limitless registration-free swaps.
“Listening to the needs of the community is crucial for service providers like us if we want to see crypto adoption happen sooner than later”, said Art Langley, Swapzone’s COO. “We’ve had a lot of demand for LUNC and LUNA from our clients and partners, so as soon as we had an opportunity, it was basically a done deal for us. We at Swapzone strive to provide the best service ever – our client’s our boss”, he added.
Both LUNC and LUNA can be swapped over on Swapzone’s website – no registration or mandatory KYC required.
Swapzone is a cryptocurrency exchange aggregator that’s a useful, progressive, and transparent swap service that merges several sources and provides convenience, effectiveness, and common user flow for every trade. You can search for services in a single interface, compare exchange rates, and analyze and switch cryptocurrency coins. All swaps are custody-free, and there is no need to register.