Thread by @terra_money

1/ Block 1 of the brand new Terra blockchain (with a chain_id of “Phoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022!

Congratulations to the #LUNAtic community on this expeditious feat of collaboration 🎉

2/ Those who were eligible for the $LUNA airdrop can view their wallet balances on the new chain by selecting the “Phoenix-1” network in their Terra Station browser extension.

3/ Users can do multiple things with their liquid $LUNA, including staking it on Terra Station to their preferred validator(s) to earn rewards & participate in governance decisions, using it on dApps upon launch, or trading it on an exchange.

4/ Note: Since Terra 2.0 is a new chain & not a fork, dApps from Terra Classic will need to relaunch on the new chain.

Keep an eye out for announcements from your favorite dApps 👀

5/ For the portion of the $LUNA airdrop that has been staked & is vesting:

1. Visit the Terra Station desktop app

2. Ensure you’ve selected Phoenix-1 as your network

3. Click on the “Stake” tab to view your staked balance & which validator(s) it is staked to

6/ For staked, vesting $LUNA, users have agency to decide which validator(s) they’d like to stake their coins to (or if they’d like to continue staking at all) in order to earn staking rewards & participate in governance.

7/ This can be accomplished by redelegating, or by undelegating (waiting the 21-day unbonding period) & then delegating again.

8/ Note: While your $LUNA is staked & in the process of vesting, you will earn staking rewards that can be claimed at any point.

9/ Today marks the beginning of the next chapter for the Terra community; one in which our potential knows no bounds & our collective creativity can flourish.

This is it #LUNAtics - it’s time to build 🚀

Note on tweets 2 & 5: Select "mainnet" as your network, not "Phoenix-1".