The Possible Reasons for Binance Migration Plans for Terra Projects A migration to Binance Smart Chain will ensure that the confidence is restored, played to ensure that the collapse of the Terra network was prevented. Holders of Terra (LUNA), TerraUSD (UST), and other Terra projects like Anchor Protocol (ANC) and Mirror Protocol (MIR), Binance users, can transfer both LUNA and UST from Terra Station to Binance exchange.