- Binance will be renaming the current Terra network as Terra Classic network.
- The exchange will also be supporting the network for the airdrop.
- Old LUNA and UST deposits and withdrawals will be suspended on 26 May at 14:00 (UTC).
Binance has announced that it will rename the current Terra network as Terra Classic network and support the Terra network airdrop. The exchange revealed this information through a release on their website, wherein they referred to the LUNA and UST tokens of the Terra Classic network as LUNA (old) and UST (old).
The statement elaborates that the LUNA (old) and UST (old) deposits and withdrawals will be suspended on May 26, 2022 at 14:00 (UTC). Additionally, LUNA/BUSD and UST/BUSD spot trading pairs will be suspended and all pending spot orders will be canceled on May 26, 2022 at 15:00 (UTC).
Further, the post reads that the ticker for the LUNA (old) token will be renamed LUNC. Also, the ticker for the UST (old) token will be renamed USTC.
The team states: “We will distribute the …