Binance Announces Terra (LUNA 2.0) Listing and Completion of LUNA Airdrop Distribution: Details

Binance, the world’s largest crypto exchange by trading volume, has announced that deposits of Terra (LUNA) tokens have been opened and the airdrop distribution of the token to its users is now complete.

The new development was shared a couple of hours ago via the official Twitter handle of the leading crypto exchange. According to the report, users can check the ‘Distribution’ page to confirm the receipt of the tokens.

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Going by the blog post captioned in the report, deposits of LUNA tokens are now enabled on the crypto exchange, but withdrawals will be impossible until the 1st of June 2022 at 6 am UTC,

Binance tweeted, “Binance completes the Terra LUNA Airdrop Distribution to Terra Classic $LUNC and TerraClassicUSD USTC holders. Users can confirm the receipt of these tokens in their spot wallets via the ‘Distribution’ page in the ‘User Center’.

“Make sure to uncheck ‘Hide 0 balances’ to view your LUNA tokens in your Spot Wallets. Deposits for LUNA tokens have been enabled and withdrawals will be open at 6am UTC, [June 1] 2022.”

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Although trading of LUNA 2.0 has been activated, Binance has clarified that LUNA airdrop will not be available to the residents of the United States or other sanctioned countries.

Currently, there are legal issues that are keeping the exchange away from the U.S. market. It remains unclear how users that reside in the United States will receive their airdrops. However, another means for users to receive their airdrops is by sending their Terra Classic (LUNC) tokens to the Terra Station.

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