LUNA 2.0 Airdrop Provides Terra A New Lease On Life As A New Blockchain Goes On-line. In response to Terraform Labs CEO Do Kwon, the brand new blockchain referred to as Phoenix-1 mainnet began at this time at 6 a.m. UTC and is presently creating blocks.

After the Terra ecosystem’s UST algorithmic stablecoin crumbled just a few weeks in the past, the brand new chain tries to resurrect it. Terra’s tokens collapsed, wiping roughly $40 billion in #"