Dear CoinEx users,
According to the official announcement of Terra, the governance proposal 1623 has been passed. CoinEx will support the migration of Terra. To ensure user’s assets security, CoinEx will suspend the deposit, withdrawal and trading services of LUNA and UST. The details are as follows.
According to the governance proposal 1623:
1. The original chain will continue to function and will be re-branded as Terra Classic. LUNA will become LUNA Classic(LUNC), and UST will be renamed TerraClassicUSD(USTC).
2. The new chain will be called Terra, and its native mining token will be LUNA. Also, there will be no Terra stablecoins on the new chain.
3. Luna (LUNA) on the new chain will be airdropped to existing LUNA and UST holders.
Changes of Services
1. Suspension of LUNA and UST deposit and withdrawal services: 08:00 on May 26, 2022 (UTC)
2. Suspension of LUNA/USDT and UST/USDT trading services: 10:00 on May 26, 2022 (UTC)
3. CoinEx will support the rename of LUNA and UST to LUNC and USTC, and resume relative services after the rename is done.
4. CoinEx will distribute all the airdrop tokens to eligible users after we receive them. However, due to the limitations of airdrop rules and implementation difficulty, the actual snapshot time, distribution amount and time may vary. Please pay attention to the follow-up announcement.
5. CoinEx will support the deposit, withdrawal and trading services of the new LUNA, please pay attention to the follow-up announcement.
1. Users with unexecuted orders in LUNA/USDT and UST/USDT markets, please cancel them in advance. If failed, they will be automatically canceled by the order system. The refunded assets can be checked in your account.
2. For more details, please visit:
It is your responsibility to understand the implications of the LUNA and UST migration and the new LUNA airdrop. CoinEx is not liable for any losses. Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
We sincerely apologize for any inconvenience caused.
CoinEx reserves the right of final interpretation of this announcement.
May 26, 2022