What are the main differences between Luna2.0 and the old Luna coin?

The main difference between Luna2.0 and the old Luna coin lies in its mechanism and the reconstruction of its ecosystem.

Luna2.0 is the rebuilt version of the Terra ecosystem, which abolishes the original "LUNA-UST" dual currency system and instead adopts a single currency model, using only the LUNA token. This means that Luna2.0 no longer relies on the algorithmic stablecoin UST, but focuses on building a single token ecosystem.

Mechanism Changes

Dual currency system changed to single currency system: Luna2.0 has eliminated the dual currency system of LUNA and UST, adopting a single LUNA token model. This change aims to simplify the ecosystem, reduce complexity, and enhance stability.

Airdrop Mechanism: When Luna2.0 was launched, airdrops were made to eligible UST holders and original Luna token holders. The airdrop ratio and quantity depended on the period and quantity of tokens held.

Price Performance

The price of the Luna2.0 token experienced significant fluctuations in the early days of its launch. On May 28, the initial price of the new token was about $7.9, peaking at $19, but then the price gradually declined, currently dropping to $0.57.

Future Outlook

Despite the significant price fluctuations of Luna2.0, its ecosystem is still rapidly developing. The Terra team is committed to leveraging the prospects of DeFi (Decentralized Finance) and hopes to become one of the main DeFi blockchain systems. In the future, the price of Luna2.0 is expected to fluctuate around $2.2085 but will not drop below $1.9134.

In summary, both Luna2.0 and the old Luna coin have significant changes in mechanism and price, but both are dedicated to rebuilding and stabilizing their ecosystem.