Instead of reviving Terra USD Do Kwon has announced rebuilding the microscopic LUNA coin which has a price of meme token. Terra Foundation has a long time claimed it invested $1.5 billion in Bitcoin. Right now it has shrunk to around $300 million which is still not employed to back up the dead stable coin.
As Heraldcorp reports, Do Kwon has reached out five biggest Korean exchanges to list the newly rebuilt Terra 2.0 that was planned to go to the moon from $0.00013 to $1 shortly. However, they confidently said to him to go through the official listing process instead of airdropping new LUNA to existing token holders.
Suddenly Upbit exchange agrees with Do Kwon in listing Terra 2.0 to support existing token holders with an intention to develop the chain’s infrastructure.