Terra 20 Has Officially Gone Live Today

The team has announced the official launch of Terra 2.0 as they activate Terra 2.0 Pheonix-1 mainnet by generating the first block on the blockchain network. The official announcement states, “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! Congratulations to the #LUNAtic community on this expeditious feat of collaboration.”

People who are eligible for the LUNA tokens can check their wallet balances by selecting the new network Phoenix 1 via their Terra station browser extension. Do Kwon, the founder of Terra wrote, “To view your $LUNA (or $LUNA2 as some exchanges call them) token balances, you only need to log into station and refresh the page For new users coming in from IBC et all, create a station wallet with the same ledger and station should walk you through the remaining steps.”

With new LUNA tokens, users can stake on Terra Station to earn rewards. Users will be able to use them in the dApps after their launch, trade them, and even participate in governance decisions.

The Terra 2.0 is not a fork, it is completely a new blockchain. Therefore, dApps running on Terra Classic need to relaunch on the new chain. Some of the dApps have already migrated to the new chain including RandomEarth, Astroport, Spectrum, Prism, Nebula, EdgeProtocol, TerraSwap, and others.

Terra shares three steps for LUNA airdrop.

• Open the Terra Station Desktop App
• Select the Phoenix-1 Network
• Click the “stake: tab to view the staked coins and the validator to whom it is staked.