Marcus Sotiriou, an analyst at UK-based digital asset broker GlobalBlock, explained the plan in detail.
He said: “The Terra team have confirmed that the revival plan is not proposing a ‘fork’ of the existing chain, but rather the creation of a new one called Terra 2.0.
“The testnet for Terra 2.0 is now live, and the mainnet will go live on Friday.”
New tokens will come to previous LUNA and UST holders in an airdrop that relies on a snapshot of Terra’s former network, splitting them into four groups.
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