Dear BIT user,
The Terra Ecosystem Revival Plan 2 has been voted to be passed to fork to LUNA 2.0,a new Terra chain without the algorithmic stablecoin. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA)
Luna will be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic.
BIT will support this program, will complete the token renaming, and will distribute 100% of the airdrops received to eligible users. Users who hold LUNA on BIT at the snapshot time(May 26, 20:00 UTC)will be eligible for the new LUNA token airdrop, details of the airdrop timing, implementation plan and number of airdrops will be announced separately.
LUNA Trading Pairs Removal and Name Change
BIT will stop LUNA deposit and withdrawal services and suspend LUNA/USDT spot market trading on May 26th, 2022 15:00 (UTC). Please make sure to cancel your LUNA/USDT spot pending orders before this time, otherwise the system will automatically cancel all your spot orders.
After that, BIT will change the name of LUNA token to LUNC and list the LUNC/USDT spot trading pair. The listing time will be announced separately
BIT will complete the token distribution after receiving the airdrop, please stay tuned.
Risk warning
Trading in cryptocurrencies comes with high risk due to price volatility. Please make sure you understand all the related risks of cryptocurrency trading, be prudent in your decisions, and trade cautiously. BIT will not be responsible for your trading losses.
Here at BIT, we strive to provide you with the best trading experience. Download the BIT Mobile App now.
Thank you for your support!
BIT
May 26, 2022
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