Why Is Nexo Listing Luna 2.0 Coin Despite Terra Classic (LUNC) & TerraClassic USD (USTC) Ecosystem Crash? | Airdrop Plan & Eligibility To Claim Rewards

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Following the most recent developments in the industry and the Terra ecosystem, Nexo, the leading crypto lender announced the listing of LUNA2 on their platform. The asset will be available to buy and sell via the LUNA2/USDT pair on Nexo exchange.

LUNA2, LUNC & USTC Top-Up & Withdrawals on Nexo

If you still hold the old versions of LUNA or UST on the Nexo platform, your assets will remain in place. However, they will hereby be listed as Terra Classic (LUNC) and TerraClassic USD (USTC). Any LUNA2 you buy and store on Nexo will be held separately from these coins.

Additionally, LUNA2 top-ups and withdrawals will not be available initially. To hold LUNA2 on Nexo, you will need to purchase it directly from the Nexo Exchange.

Why Is Nexo Listing Luna 2.0 Coin Despite Terra Classic (LUNC) & TerraClassic USD (USTC) Ecosystem Crash? | Airdrop Plan & Eligibility To Claim Rewards

LUNA 2.0 Airdrop

As you likely know, Terra Classic (LUNC) and TerraClassic USD (USTC) holders are eligible to receive LUNA2 from the upcoming airdrop. Per Nexo’s previous announcement, they will support the airdrop and plan to distribute it directly in your Nexo account as they now support the underlying asset.
Nexo is currently working hard with their partnering exchanges and custodians to get your LUNA2 airdrop tokens to you as soon as possible.

As you are probably aware, the state of the Terra network is extremely dynamic and Nexo is doing everything in its power to ensure they do right by their clients. Even so, there may be circumstances in which they must change their course to make sure their clients and businesses remain 100% secure.

Nexo’s Response To Criticism on Twitter

In a series of tweets, Nexo’s SM Manager replied to very valid criticism of Nexo regarding their response to the Terra Ecosystem situation.


Chris Munch

Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.

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