Binance Announces Support for Terra Network Airdrop -Breaking
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Binance announces support for Terra Network Airdrop- Binance plans to rename the network Terra Classic.
- Additionally, the exchange will support the network in order to facilitate the airdrop.
- On 26 May, old LUNA or UST deposits and withdrawals are suspended at 14:00 CET (UTC).
Binance announces that they will change the name of the Terra network to Terra Classic network. They also support the Terra network Airdrop. In a statement on its website, the exchange disclosed this information. It referred the LUNA/UST tokens from the Terra Classic Network as LUNA/old and UST/old.
This statement explains that withdrawals and deposits to LUNA and UST will be suspended at 14:00 (UTC) on May 26, 2022. Moreover, spot trading pairs LUNA/BUSD/UST/BUSD will be stopped and all pending orders will be cancelled on May 26th 2022 at 15:00 UTC.
Additionally, it is stated that the ticker of the LUNA (old token) will be renamed LUNC. The ticker for UST (old token) will also be renamed USTC.
The team states: “We will distribute the …
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