185
The official announcement for Terra 2.0 launch is finally here as the team activates Terra 2.0 Pheonix-1 mainnet by generating the first block on the blockchain network. The official announcement from Terra reads:
Block 1 of the brand new Terra blockchain (with a chain_id of “Phoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022! Congratulations to the #LUNAtic community on this expeditious feat of collaboration
The announcement adds that people eligible for the LUNA tokens can check their wallet balances by selecting the new network Phoenix 1 via their Terra station browser extension. Terra founder Do Kwon wrote:
To view your $LUNA (or $LUNA2 as some exchanges call them) token balances, you only need to log into station and refresh the page For new users coming in from IBC et all, create a station wallet with the same LEDGER and station should walk you through the remaining steps
With their new liquid LUNA tokens, users can do several things such as staking on Terra Station to earn rewards. Users can use them in the dApps after their launch, trade them and even participate in governance decisions.
