Terra stopped again, stock exchanges delist spot trade

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Luna token
  • All economic activities on the Terra blockchain were set
  • The stock exchanges begin to hire the trade because the future of Terra assets remains uncertain

Just a few hours after stopping and restarting the Terra Blockchain, the validators seem to have thrown the towel and have decided on a second-and this time unlimited-stop on Thursday. Large stock exchanges soon decided to take the Luna token from the list, a step that signals the end of the project in its current form.

Earlier on Thursday, the community acted to protect assets from a malicious governance attack, including the Bonded Ether, Avax, Atom and Sol, which is enclosed in the Anchor protocol. In view of the chain stop the Anchor-Team Asked his user about his official Twitter account, for" for future To stay updates on it ”.

Binance and Coinbase have or will shortly set the trade on Luna. The octopus exchange has

The CEO of Binance, Changpeng "CZ" Zhao, said that the decision was partially due to a lack of understanding of the user for the extension of the offer of Luna.

"Some of our users who were not aware of the large quantities of newly shaped Luna outside the stock exchange began to buy Luna again without understanding that the price will probably continue to crash as soon as deposits are allowed. Due to these considerable risks, we have exposed the trade," he said A Twitter-Thread .

In a now unsuccessful attempt to restore the 1-1 bond from VAT to the US dollar, the Terra protocol is designed to continuously shape Luna, and the current circulating offer exceeded 6.5 trillion, compared to an original offer of 1 billion. This drove the drop in the price to well under a thousandth cent.

Source: terradash.App

Coinbase had first that would make it easier for them to make a more precise course tick from 0.00000001 Would create WLUNA pairs. Coinbase only offered the trade with wrapped luna, an Ethereum token display of the native Terra asset. But only 11 hours later, you also chosen for a complete end of the WLUNA trade, effectively from 12:00 p.m. Volatility in terms of Terra ecosystem assets ”.

7 days ago, the overall market capitalization of Luna and VAT was over $ 45 billion alone. Today it is essentially worthless, since the interest groups evaluate various options for what could come next.

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The contribution Terra Stoped Again, Exchanges Delist Spot Trading is not a financial advice.