![]() Similarly, Do Kwon notified the Terra Community of the new chain stating that ‘Pheonix-1 mainnet is now live and producing blocks – public node services, wallets, and explorers should be going live shortly. Terra □ Powered by LUNA □ May 28, 2022 The team announced the launch of the new Terra chain through the following tweet.ġ/ Block 1 of the brand new Terra blockchain (with a chain_id of “Phoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022!Ĭongratulations to the #LUNAtic community on this expeditious feat of collaboration □ The team at Terra also announced that the new blockchain would have a Chain_id of ‘Phoenix 1’. The Binance Innovation Zone is ‘a dedicated trading zone where users are able to trade new tokens that may have increased volatility and pose a higher risk than other tokens.’īefore Binance users can trade digital assets in the innovation zone, they are ‘ required to visit the web version of the Innovation Zone trading page to carefully read the Binance Terms of Use and complete a questionnaire as part of the Initial Disclaimer.’ Terra 2.0 Launched Earlier Today with its Mainnet of Phoenix 1 Going LiveĪlso, today, May 28th, the new chain of Terra (LUNA) was launched by the team at 6 am UTC. Additionally, the trading of LUNA/USDT and LUNA/BUSD trading pairs will be delayed till May 31st at 6 am UTC. Binance Opts for a More Cautious Approach in Listing the New Terra (LUNA) Digital AssetĬonsequently, the volatility witnessed by the new Terra (LUNA) digital asset has led Binance to announce that it will be listing it in the innovation zone. Volatility surrounding the new LUNA coin. The chart below, courtesy of, further provides a visual cue of the ongoing volatility surrounding the new LUNA. However, on the same exchange, the digital asset soon plummeted by roughly 88% to $3.5, then bounced back to settle around $6, which is still an 80% drop from its local high. The highly anticipated LUNA coin trading from the new Terra blockchain is now trading on some exchanges and opened as high as $30 on Bybit. Earlier today, the new Terra blockchain went live with its Mainnet being aptly named Phoenix 1.Terra’s (LUNA) volatility has prompted Binance to place the digital asset in the innovation and list it on May 31st.The new Terra (LUNA) opened as high as $30 on Bybit before crashing by 80% to its current level, around $6.Trading of the new Terra (LUNA) coin is live on some crypto exchanges.You may have to select a menu option or click a button. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have more than one ad-blocker installed. You’ll usually find this icon in the upper right-hand corner of your screen. Click the icon of the ad-blocker extension installed on your browser.When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.Click on the large blue power icon at the top.Its also reduced the maximum leverage to 8x on USDT-margined LUNA perpetuals to 8x. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner. Binance has delisted Bitcoin-margined LUNA perpetuals in response to Terras death spiral.It will turn gray and the text above will go from “ON” to “ OFF”. Click on the “ Ad-Blocking” button at the bottom.Click the Ghostery icon in the browser extension area in the upper right-hand corner.Switch off the toggle to turn it from “ Enabled on this site” to “ Disabled on this site”.Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.“ Block ads on – This website” switch off the toggle to turn it from blue to gray. ![]() Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.Refresh the page or click the button below to continue.Under “ Pause on this site” click “ Always”.Click the AdBlock icon in the browser extension area in the upper right-hand corner.Adblock Adblock Plus Adblocker Ultimate Ghostery uBlock Origin Others ![]()
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