Carret

 The Luna 2.0 launch time marked a significant milestone for Terra after the UST stablecoin collapse. The new Phoenix-1 blockchain introduced Luna 2.0, focusing on DeFi and community-driven growth. An airdrop distributed tokens to affected holders, aiming to rebuild trust. This article explores the launch’s impact, token distribution, and what it means for investors navigating Terra’s revival.

The cryptocurrency market was rocked in May 2022 by the collapse of Terra’s algorithmic stablecoin, UST, and its native token, Luna. To recover from this monumental crash, Terraform Labs, led by founder Do Kwon, introduced a revival plan that culminated in the launch of Terra 2.0 and its new token, Luna 2.0. For investors searching for details about the Luna 2.0 launch time , this article explores the key moments of the launch and its significance, while highlighting why platforms like Carret are ideal for navigating such market shifts. The Luna 2.0 launch time was officially set for May 28, 2022, at approximately 06:00 GMT, marking the genesis of the new Terra blockchain. This launch followed a community-approved proposal, with 65.5% of Terra Classic users voting in favor of a hard fork to create a new chain without the problematic UST stablecoin. The new Terra chain, known as Phoenix-1, aimed to restore trust in the ecosystem by focusing on decentralized finance (DeFi) applications ...