Terra founder responses to rumors Luna2.0 listing in Korea
Do Kwon denies rumors of his new coin listing on South Korean crypto exchanges.
Do Kwon is the founder of TerraForm Labs. The developers of Terraform Labs developed and launched Terra blockchain Network with two native tokens UST & Luna. Due to the logarithmic concept & high sell pressure situation, both of the coins touched the ground value, and in that correction, huge numbers of people lost money.
On 25 May, Popular news outlet Watcher.Guru reported that Do Kwon did contact to list his new coin Luna2.0, a new version of Luna coin on a new blockchain Network, on the South Korean crypto exchanges.
“According to Heraldcorp, Do Kwon has contacted the top 5 exchanges in Korea asking for a $LUNA 2.0 listing.”
In response, Terra’s founder tweeted that he didn’t contacted them.
Yeah no i did not https://t.co/4fDO5dLoeI
— Do Kwon(@stablekwon) May 25, 2022
Few people responded to this tweet and asked Kwon, why he responds to such clickbait news. Then in response, Kwon said that it is all about in favor of the community.
Funny how when others do it its grifting but when you do it its “legitimate community concerns”
— Do Kwon
In early of this month, Terra Ecosystem collapsed, and also Terra was the main trending topic to grab attention and views. And still, people are doing clickbait on false news and rumors on Terra. But here we can’t blame Watcher.Guru for such false news because Watcher.Guru took the reference news from another source.
Luna2.0 Proposal
Yesterday, the Luna2.0 proposal was passed by the community of the Terra project. Now it is expected that a new blockchain of Terra will come into existence and probably it will compensate all the loss that people lost in the collapse.
First ranked crypto exchange Binance confirmed that the team of Binance Exchange is working closely on this matter with the Terra project team to solve the problem at a better level.
Read also: Nasdaq Listed Coinbase Becomes First Crypto Company To Be Listed on Fortune 500
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