Terra Luna Classic (LUNCUSD)

[xZx]

after the new LUNA token (revival plan) starts trading, what was once LUNA will become LUNC, or "LUNA classic". so this is not a "hard fork" which is like a reverse split, in the equities world.

the LUNA revival plan results in two tokens, old and new.

i'm pretty sure this automatic conversion of (old) LUNA to LUNC will happen for WLUNA also, but details are very hard to find, and exchanges seem to have gone out of their way to use scary words like "trading will be suspended" without also saying "those who currenly own LUNA will become LUNA classic holders".

how hard could it be to add that one line, to make people less terrified and more informed? my guess is they were intentionally vague to encourage panic-selling.

hang in there, the fog should lift shortly.

my bet is LUNC will create a plan to burn many of the dilutive tokens that were added to defend the dollar peg, on a stablecoin no one wants anymore.

all indications are LUNA classic will be a community run token, and my hope is kwon has very little, or nothing, to do with it.