Welcome to our recap of the major stories in the crypto world! Here’s what has happened in the past week:
Terra 2.0 approved
The proposal for LUNA 2.0 has been passed by the Terra community.
The old LUNA and UST tokens will now be renamed to $LUNAC and $USTC respectively,
3/ It will effectively create a new Terra chain without the algorithmic stablecoin. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). The chain upgrade will commence a few hours after the Launch snapshot.
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 25, 2022
and the new LUNA token will be airdropped to any holders of the old LUNA and UST tokens.
5/ $LUNA will be airdropped across $LUNA Classic stakers, $LUNA Classic holders, residual $UST holders, and essential app developers of Terra Classic.
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 25, 2022
If you have any LUNAC or USTC tokens on a centralised exchange like Binance, Terra has been working with them to ensure that all users will receive the airdrop.
10/ We are proud to be working closely with CEX partners, such as @binance, @bybit_official and many others, to support the airdrop to our community members who held tokens on exchanges.
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 25, 2022
The new Terra network is set to be launched on the 28th of May, so do keep a lookout for that!
1/ Yesterday, we said Terra 2.0 is coming. Tomorrow, it arrives.
The community has been working around the clock to coordinate the new chain’s launch. Subject to potential change, we expect Terra to go live on May 28th, 2022 at around 06:00 AM UTC.
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 27, 2022
GameStop launches a crypto wallet
After partnering with Loopring, GameStop has now launched their wallet to store digital assets and NFTs.
The GameStop Wallet Beta chrome extension has just gone LIVE, advertising a simple and secure way to get started with Web3.
GameStop Wallet is a self-custodial Ethereum wallet, meaning you are always in full control of your wallet and assets.https://t.co/3F3WEHUH3E pic.twitter.com/7HcMzydKM7
— GMEdd.com (@GMEdd) May 22, 2022
The 2 main networks that are currently supported include the Ethereum network and Loopring.
As an alternative, you can consider using the Krystal app (iOS | Android), where you can store assets (including NFTs) on 8 EVM-compatible networks and Solana.
Uniswap hits $1 Trillion
3 and half years was all it took for Uniswap to hit $1 Trillion in trading volume.
1/ It’s been one hell of a ride 🚀
As of today, the Uniswap Protocol has passed a lifetime cumulative trading volume of $1 Trillion. pic.twitter.com/stFdMDgJPZ
— Uniswap Labs 🦄 (@Uniswap) May 24, 2022
Uniswap is a decentralised exchange (DEX) which allows you to swap tokens on multiple networks, including:
- Ethereum
- Polygon
- Optimisim
- Arbitrum
Moreover, it is the leading DEX in the world, having ~ $2 billion in trading volume, even though the gas fees on Ethereum can be rather high!
Uniswap is one of the main DEXes that we have integrated with on Krystal, and we source liquidity from this exchange to help you get the best rates with Krystal SmartSwap.
What will you be doing with your LUNC tokens? Will you be trying out the GameStop wallet? Do tweet us or send us a message on Telegram to let us know!
Navigate the DeFi Space now with Krystal!
Social Media
- Follow us on Telegram:
Announcements | Krystal Global | Krystal Vietnam 🇻🇳| Krystal Russia 🇷🇺 | Krystal Korea 🇰🇷 | Krystal Turkey 🇹🇷 | Krystal Africa 🌍 | Krystal Indonesia 🇮🇩 | Krystal India 🇮🇳 | Krystal Bangladesh 🇧🇩 - YouTube
