According to the Terra announcements，a new chain is created and assume the Terra name, the original chain should be rebranded as Terra Classic. The LUNA and UST on the original chain should be renamed as Luna Classic(LUNC)and TerraClassicUSD(USTC） respectively. The new chain’s native mining token should be LUNA, and there will be no Terra stablecoins on the new chain.
Gate.io has now completed the UST to USTC and LUNA to LUNC ticker symbol change and will open the trading markets for both LUNC and USTC on May 27, 2022 at 4:00 AM UTC. Deposits and withdrawals of LUNC and USTC will be available at a later time

Trade LUNC via:
https://www.gate.io/trade/LUNC_USDT
Trade USTC via:
https://www.gate.io/trade/USTC_USDT

Important Notice:
Affected by Terra migration event and completed airdrop snapshot, the LUNC and USTC price might be highly volatile. Please pay close attention to the prices when you place orders.

Learn more:
https://agora.terra.money/t/terra-ecosystem-revival-plan-2-amended/18498
https://docs.terra.money/docs/migration/exchange-migration.html



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Gate.io Team
May 27