Luna 2.0

Purpose and Utility

Luna 2.0 emerged from the collapse of the original LUNA/UST ecosystem in May 2022. It serves as the native token of the new Terra blockchain, designed to power the ecosystem's decentralized applications and provide governance rights to token holders. The token is used for staking, transaction fees, and governance voting on the Terra network.

Business Model

The platform focuses on rebuilding the Terra ecosystem without the algorithmic stablecoin component that led to the original collapse. The business model revolves around supporting decentralized applications and providing a platform for developers to build new projects.

Real-World Adoption

Current usage primarily centers around trading and staking activities. While the ecosystem has some dApps running, adoption remains limited compared to the original Terra ecosystem. The platform maintains active development and continues to launch new features and improvements.

Token Distribution

The token distribution included an airdrop to holders affected by the original LUNA collapse. A significant portion was allocated to post-attack LUNA holders (35%), pre-attack LUNA holders (35%), and pre-attack UST holders (10%). The remaining tokens were distributed to the Luna Foundation Guard and for development purposes.

Development Activity

The Terra 2.0 ecosystem maintains active development, with regular updates and improvements to the protocol. The team continues to work on expanding the ecosystem's capabilities and supporting new project developments.