According to Terra's official plan, Terra conducted a migration and upgrade when the block height reaches 7,790,000 (expected at 20:00 (UTC) on May 26, 2022).
BingX will support this migration and upgrade, which will release the new chain and the newly minted coins. In order to reduce trading risks during the migration and upgrade period (due to possible drastic fluctuations in market prices) and to ensure the safety of users‘ assets, BingX will take the following approach to this migration and upgrade:
BingX's approach to the migration according to the official plan, during this migration LUNA will be formally renamed LUNC (Luna Classic). The balances of LUNC will be equal to those of LUNA before the migration.
Note: LUNA is respectively referred to as LUNC in this announcement.
1. Before 16:00（UTC+8）on MAY 27,2022 ,BingX will conduct the LUNA migrate to LUNC.
2. At 16:00（UTC+8）on MAY 27,2022 ,BingX will support the trading pair LUNC/USDT.
3. Deposit and Withdraw will be available when the upgrade finished.
4. BingX will take Pre-Attack and Post-Attack snapshots of users' LUNA and UST assets and give users the airdrop based on the snapshot. The details are as follows.
- Pre-attack: When the block height reaches 7544910, which are expected at 14:59:37 on May 7, 2022 (UTC+8)
- Post-attack: When the block height reaches 7790000, which is expected at 19:59:51 on May 26, 2022 (UTC+8)
Related follow-ups to this subject will be announced separately as soon as possible.For further information about Migration and Airdrop, please refer to: