The developers of Terra have relaunched the Luna token, which is linked to Terra, and pledged that the value of the coin will be kept at $1 at minimum.
Luna 2.0, which launched on Saturday, is already losing momentum. It launched at $20 and has since moved down to $5.75.
The developers have tried to fix the previous debacle of the currency by offering airdrops to previous Luna owners.
Essentially, owners of the original token received some free Luna 2.0 as compensation. When Luna tanked, many people hit social media to share their own horror stories.
Some said that this would only make them stronger, but others said that they were contemplating suicide as they had lost “all”.
The crash of the currency came after an all-time high of $104 in March, which was quickly obliterated to just under a penny.
Some investors are still determined to hold, while others have used the Luna 2.0 airdrop to convert it into Ethereum and show no loyalty to the project whatsoever – not after it cost them so much the first time around.
Whether Luna 2.0 proves to be just as much of a failure remains to be seen. Meanwhile, South Koreans have been keeping a positive outlook on the project.
While Luna is not the best token to use for recreational purposes, use Bitcoin instead and go and play games at Bitcasino, 1xBit or FortuneJack if you choose to.