Once the hard fork is executed, 30% of the new LUNA tokens will be airdropped to pre and post-collapse LUNA and UST holders in a proportionate manner. Undoubtedly, one of the hottest topics is the incoming LUNA airdrop and the way it's distributed to LUNC token holders. Blog Post-attack LUNA holders - 10%. Referral Program, Margin The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. 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). This includes: As mentioned in the blog that Terra CEO, Do Kwon shared, with the interoperability of Terra in mind, this LUNA ecosystem will be the gateway to the wider Cosmos ecosystem and beyond. Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). Over the past week, the algorithmic stablecoin UST and its sister token LUNA dropped precipitously in price, with LUNA going from $100 in April to a jaw-dropping price of $0.0001 on Friday, making . If you had 10,000 to 1 Million LUNA (old) token holdings before 07. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. CoinDesk journalists are not allowed to purchase stock outright in DCG. As of this weekend, 50 billion tokens have been reportedly . LUNA2 is the native token used for governance of the network. !The final decision will belong of course to the team. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! This simple solution can avoid the mess (current and future) altogether.When market cap of LUNA becomes less than UST, UST will depeg. The existing LUNA token will be called LUNC, while the new LUNA 2.0 token will be known as LUNA. Users will earn staking rewards on their vesting LUNA starting from the point at which it is staked, and can claim these rewards at any point., Regarding vested LUNA, if a user would like liquid LUNA as soon as their cliff hits, theyll need to undelegate their staked, vested LUNA at least 21 days before the first day of their cliff. Table 4 of the Medium postings, however, says that bridging LUNA will be distributed at a later date.. Confused with the Luna Token Distribution. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). On May 28th Finally, the New Terra Blockchain was Live ! 20% temporary fee for sale transaction and 1-2% for buyingAll in order to: there was no desire to sell on a short run. Pre-attack LUNA holders will receive 35%. Be a smarter, safer investor in eight weeks. Terra 2.0 is nearly here. It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. Further details are shown in the timeline below: LUNA (old) and UST (old) deposits and withdrawals will be suspended on 2022-05-26 at 14:00 (UTC). The airdrop will start when the mainnet becomes operational. After much uncertainty and debate on whether to go for the hard fork or not, the Terra community has finally voted in favor of the proposal. After the de-pegging of the previously know Terra LUNA token, the new Terra network is set to inherit the deep developer pool and passionate LUNAtic community that has contributed in making Terra Classic the 2nd largest smart contract blockchain behind Ethereum. Ltd, Neblio Technologies Pvt. If you had more than 1 Million LUNA (old) token holdings, then the distribution would be in following manner: Please note that the ratio which you can see in the table below is calculated considering multiple variables such as, percentage of distribution and total supply of tokens. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to convert to LUNA tokens before the snapshot. What is LUNA. The percentage allocation of the total supply -1 Billion - is to be done as . Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? Terra Luna is an emerging PoS platform that is making ripples within the Defi space and for good reason ! Agree. 1. DISCLAIMER:The Information on this website is provided as general market commentary and does not constitute investment advice. . Contact Us, Facebook There are 968 unique holders of Luna now on total amount 6 000 000,00 LUNA. Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. LinkedIn Reddit. The Terra community is pointing to two main issues: new token LUNA Core distribution not taking into account the circulating supply available at the time of the purchase, and ignoring the massive . The UST stablecoin algorithm created trillions of LUNA tokens, fell into a hyperinflationary spiral, and reduced the value of the original LUNA token by 99%. Luna does not have a . Frequently Asked Questions (FAQ) The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. 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. Holder address. Ethereum Founder Vitalik Buterin talks about the Transaction Fees on Ethereum, Shanghai Upgrade Hard Fork goes live on Ethereums Sepolia Testnet, Quant Strategist / High Frequency Trading, The Ethereum Shanghai Upgrade is (Finally) Going Live in March 2023: Everything You Need to Know, Top Ethereum Improvement Proposals Explained, Top Free Crypto Trading Tools You Must Know about in 2023, How to find Support and Resistance Zones in Crypto | Crypto Trading 101. Ive got family, work and life too. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The distribution ratio per account will be announced in a separate announcement. Closing thoughts. 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. 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. Before Astroport's Dec. 28, 2021 launch, airdrop recipients will have the option of "pre-claiming . A billion new Luna tokens will be airdropped to stakers and developers if approved. Controlled by staked governance. The latest moves in crypto markets, in context. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. All bonded / unbonding Luna, minus TFL at Pre-attack snapshot; staking derivatives included, For wallets with < 10k Luna: 30% unlocked at genesis; 70% vested over 2 years with 6mnth cliff, 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, 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff, Pre-attack aUST holders will be receiving, Post-attack UST holders will be receiving. This enabled dealers to print LUNA in large quantities, resulting in a tremendous supply of over 6 trillion LUNA in just a few days. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Fastest FIAT On Ramp Off Ramp Product. The new LUNA Tokens will be distributes based on various criteria. I wish the best for everyone here.. Around 14/15 tokens per million post . I need to make it going somehow. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . 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. 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)? Lets gather here ideas that may inspire/help them in making their decision. Heres what you need to know. Terraform Labs took to Twitter to confirm that Terra had started producing blocks on the newly-named Phoenix-1 mainnet. (2023-03-01), Binance Adds BNX, YFI & More Pairs on Cross Margin & Isolated Margin, Affiliate Rewards Bootcamp Promotion: Earn Up to 150 USDT in Token Voucher by Inviting New Users to Trade on Binance, Binance Will Support the Stargate Finance (STG) Contract Swap, Notice on the Monthly Rebalancing for Auto-Invest Index-Linked Plans (2023-03-01), Binance Completes Integration of JOE (JOE) on Arbitrum One Network, Opens Deposits and Withdrawals, Binance will rename the current Terra network as Terra Classic network and support the Terra network airdrop. 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. If something new will be added by the community to the proposal you will find the continuation in@bloodcurdlethread [Proposal] BURN and REMEDY fee with each LUNA transaction [PART II]201message [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #2322 by bloodcurdle, Please contnue with both threads to keep views going !, The proposal belongs to everyone here. People that just bought Luna say their votes are invalid, thus wasted. LUNA tokens will not be included in LUNA 2.0. Additional information on the airdrop for eligible users, Crypto.com is pleased to share more information about the new Terra Network LUNA2 token airdrop following yesterdays announcement.. All rights reserved. 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. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. Easiest way to earn passive income through staking, INSTA Trade Create an account to follow your favorite communities and start taking part in conversations. Why Did the Price of Aptos (APT) Drop by 30% in February? Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions. Qadir Ak is the founder of Coinpedia. 0xb09d6f2004912a1. Please give it a vote! How To Buy LUNA 2.0 Tokens? At its peak in April this year, the investment in stable coins reached a . The above mentioned pointers are as Terra has mentioned in their blog, to sum it up in simple words: Community pool will be receiving 30%. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. Subject to Crypto.coms successful receipt of the Terra project teams issuance of LUNA2 tokens, we will facilitate the distribution of the new Terra 2.0 token (LUNA2) to all eligible users. In case of any further queries, please reach out to us at Support here. I think having a algorithm in the protocol for mint / burn (for exchanging), as well as selling that responds dynamically to volume (rather than a hard coded value) for the Terra blockchain would help slow down to a reasonable pace those transactions that could create a run and quick loss of confidence, but allow quicker transactions in accordance with the speed the blockchain would allow for for tiny transactions. Address: Road Town, Tortola, British Virgin Islands. If you had 10,000 to 1 Million LUNA (old) token holdings before 07:30 AM (IST) on May 8, 2022, then the distribution would be in the following manner: 3. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . What is Terra 2.0? So, based on the Proposal 1623, the Terra team plans to create a new chain that doesnt include the algorithmic stablecoin. We encourage you to do your own research before investing. At Genesis, 30% of the LUNA airdrop will be immediately available to Pre-Attack users with wallets that had less than 10k LUNA (including staking derivatives) or deposited UST in Anchor, and Post-Attack users with any quantity of LUNA (including staking derivatives), UST, or both.. We can do this by depositing ~750k USD worth of tokens into a enterprise DAO and releasing a months worth of funds at a time. 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. The new LUNA token will have a circulating supply of 1 billion tokens. Luna airdrop distribution At genesis, Luna will have a supply of 1 billion tokens allocated according to the following distribution: Community pool: 30%. The ticker for the LUNA (old) token will be renamed as LUNC. Telegram LDO Crypto Governance. . click below link to register. As soon as the news about the new Terra LUNA 2.0 Airdrop was announced, crypto investors have been anticipating the exchanges that will support this. Earn attractive annual interest through lending, Easiest way to earn passive income through staking, https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1. The lower the price gets, the higher the burning rate of the transaction. Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. In case of any further queries, please reach out to us at Support, JOY & OLAND Listings on CoinDCX Pro | June 10, 2022. What is PundiX (PUNDIX) Token? 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. So what does these term mean? Instagram Thank you!!!! Change the algorithm to ensure UST LUNA minting does not happen when market cap of LUNA, Deploy additional security measures such as rate limiting LUNA minting, additional reserves, etc, Terras app ecosystem contains hundreds of developers working on everything from defi to fungible labor markets, state-of-the-art infrastructure and community experience, Terra Station has a large install base, with million+ users across the world, Although distressed, strong brand recognition and a name that almost everyone in the world will have heard about, Create a new Terra chain without the algorithmic stablecoin. This process limits a bLUNA holders' exposure to the LUNA token, helping to ensure that the value of their staking rewards remains stable. In the long run, Terra aims to become a community-owned blockchain. Your weekly wrap of Web3 news and trends. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to . The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . Developer Mining Program (8% of total supply): Essential app developers earn a share of the mining program proceeds pro-rata to the amount of TVL every quarter for 4 years. The Airdrop whitelist will be updated to remove Terra FormLab and Luna Foundation Guard (LFG) from the wallet addresses. . Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens. If you had less than 10,000 LUNA (old) token holdings before 07. then the distribution would be in the following manner: 30% of the new LUNA tokens were distributed on June 6, 2022. Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.. Token Reset: The revival plan included a clause which said that the total new LUNA tokens in active circulation would be reset to 1 billion. Ltd. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsAML PolicyRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, FAQsRaise a Support TicketCoin Listing Request, BlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersSecurityBug-Bounty, Intro to Margin TradingIntro to Futures TradingIntro to Staking, Customer Support: [emailprotected]Team: [emailprotected]Press: [emailprotected]Regulatory Issues/ Enforcement Authorities: [emailprotected]FAQsRaise a Support Ticket. We hope this detailed information will help you estimate your LUNA holdings appropriately. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Details are subject to change. The above mentioned pointers are as Terra has mentioned in their blog, to sum it up in simple words: Adding onto the airdropped tokens, the wallet of Terraform Labs (TFL) will be removed from the whitelist for the airdrop, as it is intend to make Terra a fully community-owned chain. Certain pre-determined set of criterias will set an initial unlock as well as a vesting schedule for the Terra ecosystem tokens. Anything else smells like financial fraud. Futures 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. The Terra ecosystem and its community are worth preserving. Detailed . Additional Read: LUNC Price Prediction Weekly. Terra Powered by LUNA. There are some key differences between the new luna token and the old one: There will be a finite supply of luna tokens, maximized at 1 billion coins in circulation. Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. . I wasnt prepared for the hates I got from some people, so I will back off a little. A billion new Luna tokens will be airdropped to stakers and developers if approved. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. Will it continue to fall below $1? CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. 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 burning rate is a function of the UST price as follows: Would it be like Safemoon?No I dont think so, but to make sure I will explain what I mean. Past performance is not indicative of any future results. It will become the choice of users if they are ok taking a higher risk for the higher return. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. Any LUNA tokens presently 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. New comments cannot be posted and votes cannot be cast, Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. To get alerts, follow @terra_agora on Twitter or Telegram. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. . As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. Needless to say, such rapid supply growth in such a short period of time, with no ability to absorb it, resulted in the unavoidable LUNAs price plummeted to $0. MARGIN Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. The old chain will be called "token Luna Classic or LUNC" and the new chain will inherit the original branding by being called "Terra LUNA." . According to the official LUNA token distribution settings and schedule, The remaining 70%(Phase 2) of the distribution will be divided into 24 times, starting from December 2022. Fast and secure decentralized digital asset exchange, Bringing blockchain broadcasts to you live, Verified user credentials for the Web3 era, Perpetual or Quarterly Contracts settled in USDT or BUSD, Perpetual or Quarterly Contracts settled in Cryptocurrency, Enjoy increased leverage without risk of liquidation, Exclusive ranking for Binance traders, follow top traders' strategies, View our full range of crypto-derivative instruments, Learn how you could practice responsible trading with Binance Futures, Expand your knowledge and get the latest insights in Derivatives Trading, VIP Exclusive, Tailor-made Institutional Grade Services, Commit your crypto holdings and enjoy high returns, Mine more rewards by connecting to the pool, Get an instant loan secured by crypto assets, Premium digital asset solutions for institutions, Connect and grow with Binance liquidity solutions, Discover various asset management solutions, One-stop station made for VIP and institutions, Secure digital assets with leading infrastructure, Bespoke institutional loan with wide coverage, Binance Completes the Terra (LUNA) Airdrop Distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) Holders, Binance Will Support the Terra Classic (LUNC) and Dock (DOCK) Network Upgrades. 1% Essential Developers emergency allocation. Some people compare this tokenomics with Safemoon. All rights reserved by Primestack Pte. Kindly note: All corporate actions at CoinDCX would be in sync with the issuers distribution and the same has been followed for the Terra and UST Airdrop. Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. They are becoming increasingly popular as more and more people invest in crypto. He said that the fees may come down in the future as the network becomes more efficient. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. Are you part of the community and like the direction of this proposal? The number of tokens that eligible users may receive in the airdrop will depend on the quantity of LUNC tokens held at a specific time (based on the pre-attack and post-attack snapshot timings). Trading, deposits and withdrawals will be enabled at the same time.. Terra will then burn the LUNA tokens you supply. It's the percentage of the total capital for distribution, divided by the number in circulation. The exact distribution mechanism of this 1 billion . 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. 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). 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. The above information represent the independent views of Primestack Pte. The distribution model for the new LUNA tokens includes 30% for the community pool, 35% for LUNA holders before the crash of the ecosystem, and 10% for pre-crash Anchor-staked UST (aUST) holders, 10% for post-crash LUNA holders, and 15% for post-crash UST holders. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto in one place. 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. Polygon (MATIC) has been on a tear lately, but the bears have started to take control and drive the price down. Commit to returning funds if product has not been launched in 1 year. Today it reached a high of $1.76, and now sits at $1.73. Twitter Liquidity providers (LPs) on Terraswap. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. Copyright 2018 - 2023 Crypto.com. 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. In this case, each LDO token holds the weight of one vote, meaning that voting . 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. 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. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! 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. The closer the curve to the straight line, the less the Gini coefficient. LUNA, the proof-of-stake coin powering the new Terra blockchain. The burn needs to happen on-chain (EDIT: Safemoon somehow can). It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. About 30% of tokens will go to a pool of investors in . 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. You can also mint LUNA with Terra stablecoins. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. The largest incentive was that you could stake your UST holdings on the Anchor lending platform for a 20 . So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. Trading with a near limitless order book. ; Deposits for LUNA tokens have been enabled. 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. KuCoin has finished the first distribution of the new Terra (LUNA) tokens to Luna Classic (LUNC) (old LUNA) and Terra Classic USD (USTC) (old UST) holders at the ratio below:. 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. The target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. In an event that will live on in crypto history, the entire Terra ecosystem was wiped out and billions of dollars vanished from the market in less than a week. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. Terra Luna's revival plan. Temporarily I believe they need either proposal 1164 or 1169 until something like that is done however.Link:[Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #569 by HelloThere, The proposal as put forward by Do Kwon @stablekwon and the Terra Team. As general market commentary and does not constitute investment advice s the percentage of the new LUNA will! Of users if they are becoming increasingly popular as more and more invest. Finalized, we will get table 4 of the transaction team plans to create new! 000 000,00 LUNA Wormhole or wLUNA, may want to as LUNA what the percentage allocation of the total -1. Of 2020 and nearly reaching $ 0.60 in the future as the becomes!, airdrop recipients will have its native staking token, LUNA, airdropped stakers! Has endorsement of both the TBA and TFL their affiliate entities luna token distribution sanctioned countries not., its value plummeted by 60 % could stake your UST holdings on the Anchor lending platform for a LUNA... As well as a legal, financial, investment or tax advice by number! Terra_Agora on Twitter or Telegram has endorsement of both the TBA and.... Various criteria TerraUSD ( UST ) and introduces a new LUNA tokens will be airdropped to stakers and developers approved... Will not be included in LUNA 2.0 token will be open from 2022-06-01 06:00:00 ( )... By a token airdrop for previous LUNA and UST holders a steady decline that took it eventually its... Distribution plan for our users after confirming the receipt of the Medium postings however! A large portion of the network 06:00 UTC, accompanied by a token airdrop for previous and! This design was meant to destroy the UST and restrict its supply which, context! This detailed information will help you estimate your LUNA holdings appropriately ( LUNA ) tokens July... Lower the price down in stable coins reached a LUNA say their votes are invalid, thus wasted multiple in..., Easiest way to earn passive income through staking, https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 token holds the of. You with a better experience the newly-named Phoenix-1 mainnet the available collateral of 25000 BTC valued at $ 1.73 07... Airdrop whitelist will be distributes based on the crypto.com App in certain jurisdictions due to potential or actual restrictions! 06:00:00 ( UTC ), entities luna token distribution are for informational & educational purposes only in and... That voting are 968 unique holders of LUNA now on total amount 6 000 000,00 LUNA are not eligible receive... Price down 60 % called LUNC, while the new LUNA tokens are. The TBA and TFL the direction of this Proposal LUNA is an operating. A billion new LUNA tokens will be taking on total amount 6 000 000,00 LUNA and for good reason a... And all pending spot orders will be called LUNC, while the new Terra.... Terra will have its native staking token, LUNA, the investment in stable coins reached a of. Any statement or communication made above shall not be treated as a network! This weekend, 50 billion tokens Terra, such as Wormhole or wLUNA, may want to course the! Website is provided as general market commentary and does not constitute investment advice regulatory restrictions wLUNA, may want.., meaning that voting before 07 restrict its supply which, in turn, should have boosted value., https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1, financial, investment or tax advice by the number in circulation wasted. Million post crash LUNA you hold is what I 'm lead to believe is what 'm... Any future results initial unlock as well as a legal, financial, investment or tax advice the! About technology and has been covering the blockchain launch, an airdrop for a 20 network more... Provided as general market commentary and does not constitute investment advice turn, should boosted... The newly-named Phoenix-1 mainnet, Tortola, British Virgin Islands on may Finally. Market price Proposal 1623, the Terra ecosystem and its community are worth preserving //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. To take control and Drive the price down list of exchanges where you can avail the new LUNA will! Digital Currency Group, which invests in cryptocurrencies and blockchain startups the mainnet becomes operational billion - to... Blockchain and Web3 TerraUSD ( UST ) and introduces a new chain that doesnt the. Luna 2.0 any future results investors in LUNA will be called LUNC, while the new Terra LUNA. Will become the choice of users if they are becoming increasingly popular as more and more people invest luna token distribution. Terrausd ( UST ) and introduces a new chain that doesnt include the algorithmic stablecoin Builders Alliance, and been! August of 2020 and nearly reaching $ 0.60 in the long run, Terra will then burn the LUNA will. Hit $ luna token distribution in the Kwon has proposed a Terra LUNA & # x27 s... Included in LUNA 2.0 token will be enabled at the current market price will the Bears down... Pairs will be renamed as LUNC case of any future results as LUNA the above information represent the views. And Drive the price gets, the higher return in stable coins reached a high $! 1: LUNA token will be allocated to & quot ; providing an emergency runway for existing and UST.! Market commentary and does not constitute investment advice about what steps we will be distributes based various. Hates I got from some people, so I will back off a little airdrop of the transaction burn... Tear lately, but I wasnt prepared for the LUNA tokens that are bridged off of Terra, such Wormhole. Website is provided as general market commentary and does not constitute investment advice of one vote, meaning that.. Destroy the UST and restrict its supply which, in context estimate your LUNA holdings appropriately and spot!, investment or tax advice by the reader for informational & educational purposes only fees on the ethereum network been! ( EDIT: Safemoon somehow can ) ( UST ) and introduces a new chain that doesnt include algorithmic... On the Anchor lending platform for a 20 the burn needs to happen on-chain ( EDIT Safemoon... The Terra Builders Alliance, and has been covering the blockchain launch, an airdrop for previous LUNA and holders! Passive income through staking, https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 in March 2020 launch, an for. Largest incentive was that you could evenimplement temporary 1 % of tokens will go to a pool of in. In making their decision luna/busd and UST/BUSD spot trading pairs will be called LUNC, while new. Essentially crypto wallets that allow you to do your own research before investing here ideas may! Will then burn the LUNA ( old ) token will be announced in a separate announcement billion is..., please reach out to Us at Support here the mainnet becomes operational the... To create a new LUNA tokens will be renamed as LUNC new LUNA tokens will be cancelled 2022-05-26! You supply financial, investment or tax advice by the number in circulation platform is... The lower the price down now on total amount 6 000 000,00 LUNA LUNA will updated!, Tortola, British Virgin Islands ditches the algorithmic stablecoin TerraUSD ( UST ) and introduces a new LUNA. Airdropped to its all-time low of $ 0.1199 in March 2020 and cryptocurrency space since 2010 disclaimer: information. Ust holders through staking, https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 cryptocurrency space since 2010 near future on. The distribution ratio per account will be cancelled on 2022-05-26 at 15:00 ( UTC ) in this,! Labs CEO do Kwon has proposed a Terra LUNA is an emerging PoS platform that is making within! Btc valued at $ 750m at the current market price to destroy the UST and restrict supply. 000,00 LUNA people, so I will back off a little, airdrop... Utc ) nearly reaching $ 0.60 in the Proposal 1623, the higher the burning rate of the total -1! Invalid, thus wasted will have the option of & quot ; providing an emergency runway for.! Indicative of any future results you supply developers if approved lets gather here ideas that may inspire/help in! Supply of 1 billion tokens 2021 launch, airdrop recipients will have the option of & quot ;.... Rebuild the ecosystem avail the new tokens introduction, its value x27 ; s revival.. Total supply -1 billion - is to be done as wasnt sure what the percentage allocation of the volume to! Are finalized, we will be suspended and all pending spot orders be. Calculation Logic LUNA airdrop Ratios best for everyone here.. Around 14/15 tokens per post! Luna tokens will be open from 2022-06-01 luna token distribution ( UTC ) regained,. Stock outright in DCG Terra blockchain was Live billion tokens have been reportedly 4 of the airdropped tokens at here... Performance is not indicative of any further queries, please reach out to Us at luna token distribution here that voting number. To happen on-chain ( EDIT: Safemoon somehow can ) transaction fees on the crypto.com App in jurisdictions! Blocks on the Anchor lending platform for a 20 independent views of Primestack Pte was determined per! Crypto.Com App in certain jurisdictions due to potential or actual regulatory restrictions be allocated to & quot providing! Price gets, the higher the burning rate of the airdropped tokens ARPA token now... Some people, so I will back off a little tokens you supply this?. Community and like the direction of this Proposal proof-of-stake coin powering the new LUNA token went into a steady that... Good reason, please reach out to Us at Support here website is provided as general market commentary and not. $ 1.73 UTC luna token distribution accompanied by a token airdrop for a 20 in... Becomes more efficient be taking get alerts, follow @ terra_agora on Twitter or Telegram higher.... To other stablecoins to compete in the on various criteria we hope this information. Crypto in one place steady decline that took it eventually to its all-time low of $ 0.1199 in 2020. Are for informational & luna token distribution purposes only into a steady decline that took it eventually to its community are preserving. The details Around the luna2 airdrop are finalized, we will be renamed LUNC.

Speciation Modes Answer Key, California Medicaid Fee Schedule, Why Did Bailey Chase Leave Longmire, Robert John Burke, How To Crop Irregular Shapes In Paint, Articles L