Per one of the official updates, “Terra governance Proposal No. 1623 to rename the existing network Terra Classic (LUNC), and rebirth a new Terra blockchain (LUNA) has officially passed!”.
This means that the new LUNA 2.0 will be available in two days, on May 27, 2022. Over 200 million people voted yes on the proposal to rename and create a new blockchain. 1 million of them voted against the proposal, while 64 million remained undecided.
This fork will allow applications that were previously hosted on the Terra blockchain to migrate to the new one without having to rework their projects.
The Terra community just passed a vote to ‘Rebirth Terra Network’.— Binance (@binance) May 25, 2022
We are working closely with the Terra team on the recovery plan, aiming to provide impacted users on Binance with the best possible treatment. Stay tuned for further updates.