Cryptocurrency Q&A
What will happen to old Luna tokens?
What will happen to old Luna tokens?
lucas_lewis_inventor
Fri Jun 28 2024
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6 answers
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In the wake of the recent restructuring and evolution of the Luna ecosystem, many investors and enthusiasts alike are left wondering: what will happen to the old Luna tokens? Will they simply be phased out, or is there a conversion process in place? Given the significance of Luna's position in the crypto landscape and its potential impact on holders, it's crucial to understand the fate of these tokens. Are there any plans for a token swap or migration? Will there be compensation for those who held onto their old Luna? These are the questions that many in the community are eager to have answered as they navigate this period of uncertainty.
6 answers
Isabella
Sun Jun 30 2024
Despite this shift, the original Luna, now designated as Classic, will not be eradicated entirely.
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CherryBlossomDance
Sun Jun 30 2024
Instead, it will persist alongside the revamped Luna 2.0, reflecting a coexistence of the two versions.
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KimonoElegant
Sun Jun 30 2024
Holders of the Classic Luna and its associated UST tokens will be entitled to a portion of the newly issued 1 billion tokens.
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ShintoSanctuary
Sun Jun 30 2024
This allocation serves as a recognition of their continued support and investment in the previous iteration.
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Daniele
Sun Jun 30 2024
Luna 2.0 emerges as a successor to the previous Luna, marking a decisive break from the troubled stablecoin.
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