Notice of Terra Classic (LUNC) Undergoing Property Review for Remaining Listed on Bitkub Exchange Platform

Modified on Fri, 15 Dec 2023 at 12:24 PM

Due to the significant change of basic qualifications of Terra Classic (‘LUNC’ or old LUNA) token especially the supply of the tokens which caused a drastic price decrease, as a result, its ecosystem has been transferred to the new one with the new token being created called Terra2.0 (‘LUNA’ or new LUNA) affected by the unclear factors of LUNC including its utility properties, plans for long-term improvement, node validator management, as well as the news referring to the uncertainty of Terra’s founder and the investigation conducting in South Korea. For more information about the news, please check the following links.

Bitkub Online Co., Ltd. (“the Company” or “Bitkub Exchange”) has contacted the Terra team through their official channels to inquire for more information and clarifications regarding the aforementioned matters and solutions. However, the Company has not yet received a response from Terra.

For the reasons mentioned above, Bitkub Exchange would like to notify our investors to make their trades cautiously as the token is under the property review to remain listed on our digital asset exchange, and the price can be highly volatile.

Remarks:

  • If the price of old LUNA (LUNC) falls below 0.0001 THB which is the minimum price that the trading system supports, Bitkub Exchange will temporarily suspend the trading of that token. However, customers can still cancel their pending orders and process LUNC withdrawals as usual. (Reference to the notice announcement of the minimum price level of LUNA).
  • The LUNA token currently listed on Bitkub Exchange is Terra Classic (LUNC) NOT Terra2.0 (LUNA). The trading, deposit, and withdrawal of the token on Bitkub Exchange after the Post-attack snapshot (27 May 2022 at 02:59:51 AM (GMT+7)) will not be eligible for the airdrop as per Terra’s team criteria. (Reference to the LUNA airdrop announcement)


Thank you for your kind understanding and continued support.

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