Terra just have its version 2, Luna and the old Luna will become Luna Classic.
With the new chain, no UST.
With the old chain, UST is still there.
No buy back and burn for UST. Terra stop over minting new Luna Classic but without buy back and burn, price will not be able to recover.
LUNA 2.0 is a shitshow in my opinion.
MEXC exchange already officially announce and do buy back and burn daily from Luna Classic trading fee on their exchange. Will Binance do the same for their users, for their community with many members, users lose money in Luna Classic.
Do you think Binance will do that?
Not sure but probably they will also do that, from my opinion cz was big supporter of them but personally i don't really trust luna 2.0 so yeah if possible just stay away or just trade it for quick bucks. After reading DK responding to this tweet
https://twitter.com/FreddieRaynolds/status/1463960623402913797 i really lost respect to him where he didn't hear opinion and criticism from his community