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Binance, Huobi, and other cryptocurrencies favor the Terra project revival

Binance, Huobi, and other cryptocurrencies favor the Terra project revival

Major crypto exchanges announced their support and contribution to Terraform Labs CEO Do Kwon's plan of distributing new tokens to LUNA and UST holders. 

As Terra reported on Twitter, Binance, the largest cryptocurrency platform, is going to support the distribution of new tokens. Cryptocurrency exchange Huobi also declared strong support for the launch of LUNA 2.0. following Terra's post that the community has passed the ecosystem revitalization plan.

HitBTC exchange announced in its official account that the new token network Terra (LUNA) would be available on the platform from May 27. The old version of the network will be renamed Terra Classic (LUNC).

ByBit announced the renaming of old tokens on the platform on May 26 and that LUNA holders will receive new tokens to their spot wallets via Terra's giveaway.

Terraform Labs CEO Do Kwon laid out a plan to revive the Terra blockchain by distributing tokens to LUNA and UST holders. Luna holders will receive Luna 2.0 tokens upon the new network launch.

According to a poll on the Terra project website, more than 65% of users voted in favor of Do Kwon's initiative to launch a new version of the network, and only 0.33% voted against it. 

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