Binance will rename the current Terra network as Terra Classic network and support the Terra network airdrop . LUNA and UST tokens of the Terra Classic network will henceforth be referred to in this announcement as LUNA (old) and UST (old). Further details are shown in the timeline below:
LUNA (old) and UST (old) Trading Suspension:
LUNA (old) and UST (old) deposits and withdrawals will be suspended on 2022-05-26 at 14:00 (UTC).
LUNA/BUSD and UST/BUSD spot trading pairs will be suspended and all pending spot orders will be cancelled on 2022-05-26 at 15:00 (UTC).
LUNA (old) and UST (old) Ticker Change to LUNC and USTC Respectively:
The ticker for the LUNA (old) token will be renamed as LUNC.
The ticker for the UST (old) token will be renamed as USTC.
LUNC and USTC Trading Resumption:
Trading will open for LUNC/BUSD and USTC/BUSD spot trading pairs on 2022-05-30 at 09:30 (UTC).
LUNC and USTC deposits and withdrawals will resume on 2022-05-30 at 09:45 (UTC).
New LUNA Airdrop
We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team’s token distribution plan. The distribution ratio per account will be announced in a separate announcement.
If your wallet is on binance and you came just after the crash your luna is just moved to a new wallet LUNC and everything is the same is that right. There can’t be any adjustments to wallet amounts while the inflation is there. It won’t be moved to the new luna will it?