Billionaire Mark Cuban told Fortune he would not invest in Luna 2.0 before it even got off the ground, dismissing the launch initiative.
Cuba previously stated that it did not invest in the LUNA or UST stablecoins. The broken Anchor protocol, which was one of the fundamental elements of the Terra ecosystem, was also handed over by millionaires.
Last year, the “Shark Tank” presenter promoted Iron Finance, a decentralized finance initiative that collapsed in June in a Terra-like style, but on a much smaller scale. The IRON stablecoin lost its peg, while the price of the TITAN token dropped to zero.
Following the failure of Terra in early May, the community decided to give it another shot, voting heavily to install a new version of the failing blockchain. Binance and other major exchanges have said that they will support the airdrop of LUNA.
This Friday, the mainnet version of Terra 2.0 will be activated. After the genesis block, 30% of the tokens will be distributed. The remaining airdrops will be spread over the next two years.
Terra 2.0 Delayed
The Terra 2.0 migration and LUNA airdrop, which were due to end today, have been pushed back to May 28. The Terra 2.0 testnet is currently operational, and the mainnet is scheduled to launch on May 28.
Users, validators, developers and exchange partners in the Terra community have indicated support for the rebirth of the Terra chain. TerraForm Labs and its creator, Do Kwon, announced plans to create a new Terra series instead of forking the Terra series.
Terra Money announced on Friday that the upgrade to Terra 2.0 and the Luna airdrop has been postponed until 6 a.m. UTC on May 28. The reason for the delay is unknown, however, it appears that the coordination of exchange support and validators work on Genesis has postponed the launch.