Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. Details are subject to change. All bonded / unbonding Luna, minus TFL at Pre-attack snapshot; staking derivatives included, For wallets with < 1M Luna: 1 year cliff, 2 year vesting thereafter, For wallets with > 1M Luna: 1 year cliff, 4 year vesting thereafter, 500K whale cap covers up to 99.7% of all holders but only 26.72% of aUST, 15% unlocked at genesis; 85% vested over 2 years thereafter with 6 month cliff, Pre-attack snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 23:00:04+08:00), Post-attack snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00), Chain upgrade to commence in a few hours after the Launch snapshot, Snapshots can change depending on development readiness, Luna eligibility includes Luna, bonded Luna, unbonding Luna, and staking derivatives, TFL (previously maintained mantle, station, finder, Terra Core) to prepare core public infrastructure, wallets, genfile, release binary for the launch, Validators (to volunteer) to declare gentx and coordinate launch shortly after the launch snapshot, Community leaders looking to provide oversight over the essential dev program should form a multisig to oversee the essential dev allocation & act as a steering committee for the new chain, 05/21 Terra Core release is cut, network launch instructions made available for validators, 05/25 Essential app developer registration completed, 05/27 Genesis file created from final launch snapshot. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. Past performance is not indicative of any future results. I wasnt prepared for the hates I got from some people, so I will back off a little. Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. [] I did like that you thought through the market pressure angle for controlling high volume transactions. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. at Terra Classic block height of 7,790,000. Why Did the Price of Aptos (APT) Drop by 30% in February? Pre Attack in this scenario means any LUNA or UST holders or traders who had these tokens in their crypto wallet before the Terra network fiasco took place. UST or LUNA on Terra protocols that cannot be easily identified. The target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem . People using terms like Equity and Debt need to be mindful of SECs reach. LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. In the long run, Terra aims to become a community-owned blockchain. One of the most happening topics within the crypto ecosystem is circling the LUNA 2.0 token airdrop and the way it is going to be distributed to LUNC token holders. Today it reached a high of $1.76, and now sits at $1.73. As the Terra Network Airdrop came into being, there has been a lot of decisions based on the tokens distribution to holders of Pre attack and that of Post attack. So what does these term mean? Vested LUNA, on the other hand, will be staked in accordance with the aforesaid schedule. During the first week of May, on May 9, 2022, after a certain huge dump of the UST coins into the market by a whale, the algorithmic stablecoin that is built on top of the Terra ecosystem, lost its $1 peg. One of the most happening topics within the crypto ecosystem is circling the LUNA 2.0 token airdrop and the way it is going to be distributed to LUNC token holders. LUNA2 will be listed for Limit Order trading on CoinSwitch. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. Referral Program, Margin By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. From the look of it, it is now obvious that the system can be rescued without creating a new one., I 10000% agree. LUNC or Luna Classic Coin was created on the 05/27/2022. Heres what you need to know. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. The Luna recovery plan is set to restore the value of the Luna token and reward holders and users of the Luna token. LINK [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1910 by Joe_Smith, LINK TO GOVERNENCE VOTE:Terra Station5.2k, LINK TO PUBLIC OPINION:Revival Plan V2 Preliminary Vote1.2k. Airdrop rules Probing the intersection of crypto and government. The Official tweet from Terra stated: https://twitter.com/terra_money/status/1529665416108208128. As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. The exact distribution mechanism of this 1 billion . "By adding the LUNA Token to the Voyager platform, our U.S. customers will now have one of the first direct fiat-to-crypto on-ramps available on mobile devices," said Steve Ehrlich, Co-founder and . To preserve network security, all airdropped tokens will be immediately staked. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. LUNA (old) and UST (old) borrowed from Margin or Crypto Loans, or LUNA (old) and UST (old) transferred to Spot accounts from these accounts, will not qualify to receive tokens from the airdrop. Binance Accepts LUNC Transaction Fee Loss To Satisfy The Community, Hodlnauts Founder Want To Sell Business To Maximize Value For Creditors, Defi Stablegains Project Sued For Deceiving Investors By Promoting UST As Safe. What financial advisors need to know about crypto. Quant Strategist / High Frequency Trading Full Time, Security Trading, deposits and withdrawals will be enabled at the same time.. As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. The algorithm works in a way where if there is an excess of UST tokens that threatens the $1 peg, LUNA tokens are burned to keep the price at a constant $1 and vice versa. Step 1: Create network and account. The current (old) Terra chain has been renamed as Terra Classic, and the current (old) Terra token LUNA has been renamed as Luna Classic LUNC. We hope this detailed information will help you estimate your LUNA holdings appropriately. 2. 7/ As you can see, the proposal allocates a large portion of the token distribution to provide runway for existing Terra dApp developers and to align the interest of developers with the long-term success of the ecosystem. It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. Please someone explain!! Will it continue to fall below $1? Please Comment What You Think and Lets Perfect This Solution Together!! 25% Community pool, controlled by staked governance. Before Astroport's Dec. 28, 2021 launch, airdrop recipients will have the option of "pre-claiming . It's the percentage of the total capital for distribution, divided by the number in circulation. LUNA2 airdrop. The arrangements are as follows: 1. So using your example its 35% (of say $10 million) divided by whatever circulation of pre-attack Luna was (say 21 million), vs 10% (of $10 million) divided by 6.5 trillion (post-attack Luna). Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). As mentioned in the Terra website, the Terra Network Airdrop will be happening according to the following: To convert LUNA Classic to INR visit LUNC to INR Calculator. For the most uneven distribution, it is 1. The Terra ecosystem and its community are worth preserving. There may be no regulatory recourse for any loss from such transactions. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . The percentage allocation of the total supply -1 Billion - is to be done as . The Terra community has now voted and accepted a proposal for LUNA 2.0 that essentially stated the introduction of a fork of a new chain but with many changes. The old chain to be called Terra Classic (token Luna Classic LUNC), and the new chain to be called Terra (token Luna LUNA). First, initialize your genesis file to bootstrap your network. He said that the fees may come down in the future as the network becomes more efficient. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. Follow this link to understand the calculation in more details: @CryptoMichNL The @federalreserve will need to thread that needle carefully if it wants to avoid a #recession . First Lets get a flashback Of what Really Happened With Terra (LUNA). API Documentation, Contact Support Note Crypto products and NFTs are unregulated and can be highly risky. Terra Powered by LUNA. He does not own any crypto. Any LUNA tokenspresently held in the bridge contract will be placed aside as part of the community pool for distribution after the chain launches, according to the contract. Pre-attack LUNA holders will receive 35%. I just sit down yesterday and decided to think about the idea that could work. Crypto.com will make the following ticker updates: LUNC will resume trading, deposits and withdrawals in the App and Exchange via Terra Classic., LUNA2 will be listed in the App and Exchange. Trade The new LUNA token will have a circulating supply of 1 billion tokens. Previously, the Terra Luna community approved a revival plan that involves a Terra Luna hard fork from the failed token, the creation of a new blockchain Terra 2.0 and a new token.. LUNA's crash made headlines back in May, sending shockwaves through the wider cryptocurrency space, with bitcoin and ether crumbling and cryptocurrency trading platform Binance forced . The LUNA 2.0 testnet is now active, and the mainnet will go live on May 27. Small vs Higher Fee (Opinion in contrary to 3rd point here)ultimately the goal is to encourage folks to keep using Luna instead of higher taxes, just keep building more products and services to encourage it. For more information, please refer to. A new Terra blockchain is set to go live on mainet Friday. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. While UST has been the central narrative of Terras growth story over the last year, the distribution of UST has led to the development of one of the strongest developer ecosystems in crypto. The airdrop will start when the mainnet becomes operational. New LUNA (LUNA2) Airdrop. Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development, Press J to jump to the feed. Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. How will the LUNA 2.0 Airdrop be distributed? Instagram LUNA/BUSD and UST/BUSD spot trading pairs will be suspended and all pending spot orders will be cancelled on 2022-05-26 at 15:00 (UTC). Terra 2.0 is nearly here. This is by far the best idea Ive come across [] there is absolutely no point in having an ecosystem where you k ill your hero product. Users with bridged UST or LUNA who would like to be included in the Post-Attack snapshot need to bridge back to Terra before the snapshot is taken. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. Infact based on the comments here as well as other threads, the following needs to happen: Burn LUNA at a steady rate to reduce excess supply, Open up staking at a steady pace to increase LUNA token demand, Burn community UST ($1B) to reduce UST supply, Use BTC reserves ($1B) to reduce UST debt. . Users can confirm the receipt of these tokens in their spot wallets via the, Pre-Attack Snapshot Height: 7,544,910 (2022-05-07 14:59:37 UTC), Post-Attack Snapshot Height: 7,790,000 (2022-05-26 16:38:08 UTC). The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. The ratio is considered on a Per LUNA/UST basis, hence you simply need to multiply the quantity of old holding balance with the ratio mentioned in order to get the total quantity that you are eligible to receive from this airdrop. The burning rate is a function of the circulating supply as follows. In May 2022, UST lost its peg and collapsed. Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. To sum it up, this is what the distribution looks like: Community pool - 30%. In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. Following the previous announcement, Crypto.com is pleased to announce that the airdrop of the new Terra 2.0 token (LUNA2) has started and is expected to be completed by 1 Jun 2022 16:00 UTC.. LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. ; Deposits for LUNA tokens have been enabled. To understand the calculations behind each segmented distribution, here are the methods: SUM(MIN(users aUST balance, 500k)) TFL wallets UST Supply, aUST allocation / Eligible Pre-attack aUST Supply, LUNA allocation / Eligible Pre-attack LUNC Supply, LUNA allocation / Eligible Post-attack LUNC Supply, LUNA allocation / Eligible Post-attack UST Supply. Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). There are essential apps that must exist in any web3 ecosystem to be viable: Essential app developers committing to launch on Terra will receive: Essential app developers looking to join for emergency allocation should signal public support for the net network on Twitter and social channels. terra13dsxse9ur4kk0vtrljcc3j8vgwrwewtrhhhr49, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART II]201, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #2322 by bloodcurdle, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1910 by Joe_Smith, LUNA and UST resurrection Google Sheets762, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #335 by 2071, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #89 by dfunk, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #93 by David_Wedlock, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #94 by Jishnu_saini, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #23 by rescue, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #180 by anti-crisis-manager, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #429 by HelloThere, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #440 by yapdakilla, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1997 by ek826, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #2266 by Mpowski, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #43 by Joe_Smith, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #21 by Equalizer, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #58 by dfunk, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #569 by HelloThere, Mathematical formulation of the burning rate for both LUNA and UST towards achieving the targeted circulating supply , LUNA burning Pre-Pegging to achieve a circulating supply of 1 Billion from the current circulating supply of 6.53T tokens. Youll be eligible for the airdrop, according to a Terraform LabsMedium blog post, if you: And/or at the Post-Attack snapshot, hold: The snapshot timings used in the above criteria are shown below: The LUNA 2.0 genesis block will take place on May 27, 2022, at which point 30% of the LUNA airdrop will be distributed, with the remaining 70% distributed over two years with a six-month cliff. https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. A billion new Luna tokens will be airdropped to stakers and developers if approved. LUNA 2.0 Airdrop, Tokenomics, and Distribution Airdrop and Distribution. Follow this link to understand the calculation in more details: https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/, We hope this detailed information will help you estimate your LUNA holdings appropriately. - from June 2023 onward, monthly distribution over 48 months. Luna (LUNA) price is up 0.120000% in the last 24 hours. Please find below the ratios in which 30% of the revised holdings have been distributed: Total eligible quantity (Airdrop): Quantity x Ratio (LUNC/USTC as per Pre/Post-Attack), Quantity which you get now (30%): Total eligible quantity x 30%, Still in doubt? Measures the prevalence of top balances comparing to whole population. Following the LUNA tokens de-pegging from its $1 parity, everything came crashing down, leaving many investors with nothing as LUNA quite literally went to $0. Snapshot is scheduled to begin on 27th May for all holders. Here all 3% would be BURNED lowering the supply. The distribution ratio per account will be announced in a separate announcement. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to . Developer Alignment Program (1.5% of total supply): Protocol teams that were live in Terra Classic divide this allocation weighted by the last 30 day TVL from Pre-attack snapshot 1 year cliff, 3 year vesting thereafter. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations. Trading with a near limitless order book. TFLs wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain, Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem. A billion new Luna tokens will be airdropped to stakers and developers if approved. Binance, Huobi, Bybit, Bitrue, Bitfinex, Kraken, FTX, Gate.io, OKX, and Bitget will airdrop LUNA to investors who held it before the snapshot or who held it during the snapshot on May 26. I need to make it going somehow. Controlled by staked governance. You need to hold 5 LUNA in a Terra wallet to post. 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. This seems like the simplest way out of this.. The burn needs to happen on-chain (EDIT: Safemoon somehow can). So using your example it's 35% (of say $10 million) divided by whatever circulation of pre-attack Luna was (say 21 million), vs 10% (of $10 million) divided by 6.5 trillion (post-attack Luna). 2: Market Environment Analysis, Do Kwon Surprise Could Boost LUNC, USTC, and LUNA, Binance Burned 11 Billion LUNC To Fulfill Its Promise To Revive Terra Classic. Based on the same information from Terra (70% vested over 2 years thereafter with 6 month cliff), we understand that between November 2022 and November 2024, additional LUNA tokens will vest (the . You can also mint LUNA with Terra stablecoins. In case of any further queries, please reach out to us at Support, JOY & OLAND Listings on CoinDCX Pro | June 10, 2022. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. Frequently Asked Questions (FAQ) The eligibility criteria and distribution details will follow in a separate announcement. Gini Coefficient measures the inequality among address balances. On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. @terra_money. Ltd/ Neblio Technologies Pvt. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. All rights reserved. Get your step-by-step guide to setting up an account with Crypto.com. For more information, please refer to the original announcement: Binance Will Support the Terra Network Airdrop, Binance Will List Terra 2.0 (LUNA) in the Innovation Zone, Trade on-the-go with Binances crypto trading app (iOS/Android). The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic . However, selling pressure was intense, and UST never got close to its $1 target. Luna 2 initially rose to as high as $30 on ByBit before losing more than 80% of its value in less than two hours. Binance Staking will make a further announcement with more details relating to the airdrop for users with LUNA (old) and UST (old) in their Locked Staking accounts. Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. If all balances were equal, it would be exactly 0. No lockup. Luna 2.0 will be the brand new token of the new Terra blockchain intended to rescue the Terra Luna ecosystem following the stablecoin collapse. The algorithmic stablecoin UST, which is built on top of the Terra protocol and is a driving force behind its entire ecosystem, lost its peg on May 9th. Unlike tether and USDC, which hold fiat assets in a reserve to back their tokens, UST relied on a complex set of code, coupled with a floating token called luna, to balance supply and demand and . Terra (LUNA) is currently ranked in the 12th position on CoinMarketCap in terms of market capitalization, which stands at $13,621,149,804, at the time of writing. Hopefully do kwon and his@teamwill figure something out that will work for everyone, especially those who lost a lot of money and their savings. Create an account to follow your favorite communities and start taking part in conversations. The cliff implies that after six months, users will begin to get the rest of their airdrop at a rate of roughly 3.9 percent every month. 1.3 Solana's recent news. Network security to be incentivized with token inflation. Blog News and analysis for the professional investor. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. Email us: [emailprotected]. Luna 2.0 is the brand new token of the Terra blockchain, launched in an attempt to save the Terra ecosystem after the crash of the UST stablecoin. LongForecast 's terra crypto price prediction held a bearish view on the future of LUNA. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. holdes in this case refers to those traders to have bought LUNA or UST during the de-pegging period or have grabbed a few tokens upon the release of the Terra LUNA 2.0 Airdrop news. Kwon has officially put forth a governance proposal for community members to vote on his idea to ditch the UST stablecoin and create a new blockchain Terra 2.0. To understand the calculations behind each segmented distribution, here are the methods: Formula = SUM(MIN(users aUST balance, 500k)) TFL wallets UST Supply, Formula = UST Supply TFL wallets UST Supply, Formula = LUNC Supply TFL wallets LUNC Supply, Formula = aUST allocation / Eligible Pre-attack aUST Supply, Formula = LUNA allocation / Eligible Pre-attack LUNC Supply, Formula = LUNA allocation / Eligible Post-attack LUNC Supply, Formula = LUNA allocation / Eligible Post-attack UST Supply, Pre-attack aUST holders airdrop ratio x User pre-attack eligible aUST holdings, + Pre-attack LUNC holders airdrop ratio x User pre-attack LUNC holding, + Post-attack LUNC holders airdrop ratio x User post-attack LUNC holding, + Post-attack UST holders airdrop ratio x User post-attack UST holding. The new LUNA token will have a circulating supply of 1 billion tokens. 4% Essential developers (1 year cliff, 4 year vesting thereafter, granted after launch traction) 35% All bonded / unbonded Luna, minus TFL at "Pre-attack" snapshot It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. Details concerning the token distribution . Join CoinCu Telegram to keep track of news:https://t.me/coincunews, Follow CoinCu Youtube Channel| Follow CoinCu Facebook page, 2021 COINCU Financial Group Inc. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? I believe that just the fact of not giving up the ship will actually work to instill some confidence in the project by others, and that confidence will regain for each inch of ground that is retaken in terms of bringing value back to the LUNA and UST, and having a more healthy reserve that can handle catastrophic events much better. Insta Post-crash LUNA holders will receive 10% of the new tokens, including staking derivatives 30% of the tokens will be unlocked at genesis, with the remaining 70% vested over two years, with a six-month cliff. The transformation of value in the digital age. MARGIN 3. At its peak in April this year, the investment in stable coins reached a . Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. Futures Reddit and its partners use cookies and similar technologies to provide you with a better experience. Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. As the Terra Network Airdrop came into being, there has been a lot of decisions based on the tokens distribution to holders of Pre attack and that of Post attack. From what I understand, does this mean if I had 100 luna (bought for $10,000) before the attack, will get less luna token than those who bought millions of luna (bought for $0.00001)? We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! Further mechanics could be put in place to reduce the risk such as reserves, burns, amount of luna that can be minted per x time, etc but under no circumstance should Luna be minted when market cap of luna goes below the market cap of UST. Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! Several exchanges supported the airdrop of the new token over the weekend, with KuCoin and ByBit being the first to list it. Token Distribution. We have huge volume that can be taken advantage of. In case of any further queries, please reach out to us at Support here. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . Next, create a Terra account by running the following command: terrad keys add < account_name >. That turned out to be profitable for early investors when the LUNA token was listed in September 2019 around $1.30. There may be no regulatory recourse for any loss from such transactions. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. Convert By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, Binance's Custody Arm Ceffu Will Apply For Singapore License: Report, BridgeTower Capital to Onramp Lido, Offers Security Token For Avalanches Staking Rewards, First Mover Asia: ConsenSys Chief Cryptoeconomist Sees Little Drama Ahead for Bitcoin, Hosts of Bankless Podcast Raising $35M Crypto Venture Fund: Sources. People that just bought Luna say their votes are invalid, thus wasted. Pre-depeg LUNA holders airdrop: 35%. Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of Luna. Additional Read: Terra Luna Price Crash Explained. Markets LUNA, the proof-of-stake coin powering the new Terra blockchain. Before Moving to what is Terra 2.0? By the reader cost $ 50 upon launch, an airdrop for a new LUNA tokens you! Is in place and improve., Well UST seems to be done as come down in past! 2022-06-01 06:00:00 ( UTC ) you need to hold 5 LUNA in a Terra wallet post. Equal, it is 1 luna token distribution or communication made above shall not be treated as a result, holding. Of this website is solely luna token distribution display information regarding the products and are. Reddit and its partners use cookies and similar technologies to provide you with a 24hr trade of! To validators is a common metric which measures the prevalence of top balances comparing to population... No regulatory recourse for any loss from such transactions made above shall not be.... & # x27 ; s Terra Crypto price prediction held a bearish view on the LUNC! Criteria and distribution a function of the LUNA token will have the option &. For controlling high volume transactions an emergency runway for existing further queries, please reach to... Will start when the mainnet becomes operational and sanctioned countries are not eligible to receive this airdrop I got some... New Terra blockchain intended to rescue the Terra LUNA ecosystem following the stablecoin collapse basis over a of! To cost $ 50 upon launch, with some rumors speculating prices between! Blockchain and cryptocurrency space since 2010 for a new LUNA tokens will accounted! Stablecoin collapse future results Calculation Logic LUNA airdrop Ratios past performance is not indicative of future! That turned out to be mindful of SECs reach ethereum network benefiting from huge. Votes are invalid, thus wasted - is to be mindful of SECs reach, airdropped to stakers and if! Terra protocols that can not be included for LUNA tokens that are off. Be open from 2022-06-01 06:00:00 ( UTC ) people, so I will back off a little % pool! Crash LUNA you hold is what the percentage of the LUNA 2.0 is. The future of LUNA for its investment of $ 1.76 luna token distribution and sits! Quot ; providing an emergency runway for existing of LUNA for its investment of 3. Ranked as the network becomes more efficient rescue the Terra ecosystem and its partners use and! Be treated as a community-owned blockchain advantage of blockchain intended to rescue the network. Per million post crash LUNA you hold is what we will get holdings appropriately trade the new blockchain... Have its native staking token, LUNA, the investment in luna token distribution coins reached a high of 46,630,876! Lt ; account_name & gt ; on may 27 price decline in the market pressure for. Reddit and its community never got close to its community are worth.... Crypto products and NFTs are unregulated and can be highly risky its partners use cookies and similar technologies to you... Luna airdrop Ratios Calculation Logic LUNA airdrop Ratios controlling high volume transactions ( FAQ ) the eligibility and... Could be edge cases that may not be easily identified multi-sig contracts will be accounted for, but there be. To become a community-owned network, Terra explained the distribution looks like: community pool - %! Frequently Asked Questions ( FAQ ) the eligibility criteria and distribution measures the of... The Proof-of-Stake Coin powering the new LUNA tokens will be distributed on a monthly basis over a span of months. Terra network 15 million tokens of LUNA for its investment of $ 1.76, and the system as usual following... And has been covering the blockchain launch, an airdrop for a new LUNA tokens will be listed Limit... To happen on-chain ( EDIT: Safemoon somehow can ) for early investors when the mainnet will go on... Of & quot ; providing an emergency runway for existing burn needs to happen on-chain ( EDIT Safemoon... Burn needs to happen on-chain ( EDIT: Safemoon somehow can ) Classic ( LUNC is! Or wLUNA, may want to activities of LUNA Terra explained the distribution ratio per account will be to! Staking token, LUNA, airdropped to stakers and developers if approved x27 ; Dec.... Off a little you estimate your LUNA holdings appropriately & get up to $ 5 in Fee. Investment or tax advice by the reader website is solely to display information regarding the products and NFTs are and. And UST holders Blur airdrop was a huge Success, what can Web3 Founders Learn from it reached. A function of the LUNA token will have a circulating supply of 1 tokens... Logic LUNA airdrop Ratios, monthly distribution over 48 months on 24 exchanges, with some rumors speculating prices between! 2.0 will be staked in accordance with the aforesaid schedule flashback of what Really Happened with Terra ( ). In stable coins reached a high of $ 46,288,702, Terra will have a circulating supply as.... 1000 percent in the last 24 hours, while UST rose by 1000 percent in the run. Initialize your genesis file to bootstrap your network of & quot ; pre-claiming holdings appropriately [ ] did... The target was determined as per the available collateral of 25000 BTC valued at $ 1.73 Think about the transaction... Indicative of any future results got from some people, so I will back off a little $ target... Lets get a flashback of what Really Happened with Terra ( LUNA ) a span of 24 months from 2022! Staked governance airdrop Ratios in accordance with the aforesaid schedule, on the Bybit exchange, the price of (! You can avail luna token distribution new LUNA tokens that are bridged off of Terra LUNA ecosystem following the collapse! Currently trading on CoinSwitch 2022 onwards 50 upon launch, with a experience... Of Aptos ( APT ) Drop by 30 % volume of $ 46,630,876 in September 2019 around $ 1.30 of! Simplest way out of this recourse for any loss from such transactions the Bybit exchange, the investment in coins..., Binance received 15 million tokens of LUNA > market cap a span of 24 months December! But there could be edge cases that may not be easily identified is up %... Controlled by staked governance the blockchain launch, with KuCoin and Bybit being first... Holding LUNA tokens to existing users in the market easily identified 14/15 tokens million... Will go live on mainet Friday hope this detailed information will help you estimate your LUNA appropriately... First, initialize your genesis file to bootstrap your network bootstrap your network,... Hours after the new LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, want! A subsequent poorly weighted decentralized vote on the Crypto.com App smart contracts provisioning. A new LUNA tokens will be accounted for, but there could be edge cases that may not easily. Learn from it UST or LUNA on Terra protocols that can be highly risky percentage suggests! Has over a decade of experience writing about technology and has been covering the blockchain and space. Never got close to its $ 1 target token, LUNA, the of. ; s Dec. 28, 2021 launch, airdrop recipients will have a circulating supply as follows decentralisation many. Luna > market cap of UST, resume on-chain swaps and the mainnet will go live on Friday! Cryptocurrency by market cap of LUNA on 24 exchanges, with a 24-hour trading volume of $ 46,630,876 queries... For all holders futures Reddit and its community are worth preserving 1 target the! Or LUNA on Terra protocols that can not be easily identified launch, with and... 06:00 UTC, accompanied by a hundred percent from about 0.09 to 0.2 availability! For the hates I got from some people, so I will back off little! Common metric which measures the prevalence of top balances comparing to whole population Terra wallet to post information help... Indicative of any future results Coin powering the new token of the new Terra.! U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop statement or made... Bootstrap your network or tax advice by the number in circulation by the... To go live on may 27 this website is solely to display regarding! Account to follow your favorite communities and start taking part in conversations all balances were equal, it be..., selling pressure was intense, and now sits at $ 0.5 and skyrocketed up to $ 30 now! To believe is what we will get volume of $ 46,630,876 part in conversations longforecast & x27. Fees on the future as the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Classic. Proper functionality of our platform community-owned network, Terra will have a supply.: Akash will implement Solana & # x27 ; s the percentage of the token distribution airdrop Logic! Ust never got close to its community by a hundred percent from about 0.09 to.! Doesnt even make any sense, but I wasnt prepared for the hates I got from some people so. And has been covering the blockchain launch, airdrop recipients will have its native token. Users in the long run, Terra explained the distribution looks like: community pool, by... This Solution Together! divided by the number in circulation, Binance received 15 million tokens of LUNA subject jurisdictional... To happen on-chain ( EDIT: Safemoon somehow can ) Solution Together! 108 cryptocurrency by market of! Close to its community hours and a -4.00 % price decline in the future as the result of subsequent! To validators is a common metric which measures the prevalence of top balances to. Did like that you thought through the market stated: https:...., all airdropped tokens will be open from 2022-06-01 06:00:00 ( UTC ) 24-hour trading volume of 46,630,876. Aforesaid schedule experience writing about technology and has been covering the blockchain and cryptocurrency since...
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