The much-anticipated launch of Terra’s new blockchain took place today as planned. The network has completed its first block, and additional services are expected to go live soon.
- Terra’s Team took it to twitter To reveal today that the new series has officially gone live and is already in production on the block.
Block 1 of the brand new Terra blockchain (with a chain_id of “Phoenix-1”) has been officially created on May 28, 2022 at 06:00 UTC!
- The team also revealed that users are currently able to do “many things” with their Liquid LUNA, such as awarding it to preferred validators, earning rewards, participating in government decisions, and so forth.
- It’s also worth noting that this is a new blockchain and not a fork, so decentralized apps from the classic chain will need to be relaunched on the new one.
- With that said, one of the most pressing questions that many people are wondering is whether centralized exchanges and service providers will support airdrops.
- There are a number of platforms that have already announced that they will, and these include, but are not limited to: Huobi, Binance, Kucoin, BitRuby, FTX, Bitfinex, Getio, Bybit, Nexo, and more.
- It is worth noting that holders will now receive a portion of their airdrops, and the rest will vest over a certain period of time.
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