Terra relaunched its Luna token after the sensational collapse of its digital money and the related stablecoin. The new token was airdropped to holders of the past coin, which has now been renamed Luna Classic.
However, basically dropping another coin into client wallets doesn’t fix the huge number of dollars of harm done by the environment’s breakdown.
The big question is will they be able to gain back their reputation. Often, when a crypto company goes through a decline, it’s hard to gain the interest of the users back given how cut-throat and competitive the industry is.
Terra does have a huge community and assuming they have a loyal audience who will stick through the tumultuous terrain with the company, they could gather steam going forward.
At the moment they have a lot of PR work to do, it’s been bloody for them over the last few weeks. It will be interesting to see how they navigate the wild crypto waters this time around.
