{"id":158444,"date":"2022-05-28T19:03:18","date_gmt":"2022-05-28T19:03:18","guid":{"rendered":"https:\/\/precoinnews.com\/?p=158444"},"modified":"2022-05-28T19:03:18","modified_gmt":"2022-05-28T19:03:18","slug":"new-terra-luna-opens-as-high-as-30-on-bybit-then-crashes-by-80-leading-binance-to-take-a-more-cautious-route","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/new-terra-luna-opens-as-high-as-30-on-bybit-then-crashes-by-80-leading-binance-to-take-a-more-cautious-route\/","title":{"rendered":"New Terra (LUNA) Opens as High as $30 on Bybit, then Crashes by 80% Leading Binance to Take a More Cautious Route"},"content":{"rendered":"
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Consequently, the volatility witnessed by the new Terra (LUNA) digital asset has led Binance to announce that it will be listing it in the innovation zone. Additionally, the trading of LUNA\/USDT and LUNA\/BUSD trading pairs will be delayed till May 31st at 6 am UTC.<\/p>\n
The Binance Innovation Zone is ‘a dedicated trading zone where users are able to trade new tokens that may have increased volatility and pose a higher risk than other tokens.’<\/p>\n
Before Binance users can trade digital assets in the innovation zone, they are ‘required to visit the web version of the Innovation Zone trading page to carefully read the\u00a0<\/span>Binance Terms of Use<\/span> and complete a questionnaire as part of the Initial Disclaimer.’<\/span><\/p>\n Also, today, May 28th, the new chain of Terra (LUNA) was launched by the team at 6 am UTC. The team at Terra also announced that the new blockchain would have a Chain_id of ‘Phoenix 1’.<\/p>\n The team announced the launch of the new Terra chain through the following tweet.<\/p>\n 1\/ Block 1 of the brand new Terra blockchain (with a chain_id of \u201cPhoenix-1\u201d) has officially been produced at 06:00 AM UTC on May 28th, 2022! <\/p>\n Congratulations to the #LUNAtic community on this expeditious feat of collaboration \ud83c\udf89<\/p>\n — Terra \ud83c\udf0d Powered by LUNA \ud83c\udf15 (@terra_money) May 28, 2022<\/p>\n<\/p>\n Similarly, Do Kwon notified the Terra Community of the new chain stating that ‘Pheonix-1 mainnet is now live and producing blocks – public node services, wallets, and explorers should be going live shortly.’<\/p>\nTerra 2.0 Launched Earlier Today with its Mainnet of Phoenix 1 Going Live<\/h2>\n