Dear Community,
1. What is the Luna, UST and ANC token issue and why were they delisted?
Let’s take a quick look at the video to know about this issue in detail.
The Terra Network has 3 coins: UST, LUNA and ANC. The ecosystem has adopted UST as a stablecoin, leading to the interlinking of LUNA and UST. The issue started when Terra’s algorithmic-based Stablecoins TerraUSD (UST) started falling. This then led to the large-scale selloffs of the LUNA tokens owing to the reported “de-peg” of the algorithmic stable coin.
On the other hand, Anchor is a lending protocol on the Terra network, which pays out a yield of up to 20% to UST depositors through yield reserves. The ANC price crashed due to the loss of confidence in UST and the Terra ecosystem as a whole, as a result of the UST de-pegging.
2. Why can’t I see my token holdings?
Since the token has been delisted from the CoinDCX app, the token balance will not be visible to users. However, users will be able to view their token balance in CoinDCX Pro (both app and website). Please access CoinDCX Pro or login to your CoinDCX account via the website to view your token balances.
3. How can I liquidate my holdings?
Currently, LUNA/BUSD, UST/BUSD, ANC/BTC, ANC/BUSD and ANC/USDT are trading on CoinDCX Pro and Web. Users who wish to liquidate their holdings may place orders on these pairs to convert their balances to other pairs.
Please note that the trading pairs might be active only for a certain period of time depending on our partner exchanges delisting these pairs.
4. Can I keep my LUNA, UST and ANC holdings for possible re-listings?
Yes, you may be able to hold your balances. The holdings will be visible in holdings on the CoinDCX Pro app and website.
Important: The liquidating options mentioned in Question 3 to liquidate Luna, UST & ANC are open for a certain period of time depending on our partner exchanges and if the window closes, then there will be no alternative to liquidate the holdings. The future of the token is uncertain and if you choose to keep your holdings, CoinDCX will not be held liable for any compensations in the event of a complete delisting. If the token is ever relisted, the user’s token balances will still be visible.
5. When will Luna, UST and ANC pairs get listed again?
The Terra blockchain has been at present taken down by the company/foundation and we do not have clarity if the blockchain would start again or if there is any possibility of a restart. There is a risk of an indefinite shutdown too in this case. The relisting and the future of the token is uncertain and thus unknown to anybody. Please take your respective decision in this regard.
Team CoinDCX
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