The arrangements are as follows: 1. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. 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 . Show Off Your Crypto Knowledge With Binance Word of the Day! Address Graph. Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. While LUNA, UST holders get airdrops, these . API Documentation, Contact Support LUNC or Luna Classic Coin was created on the 05/27/2022. You may obtain access to such products and services on the Crypto.com App. All rights reserved. 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). 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. Please give it a vote! 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). 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. 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. The price of the UST stablecoin was pegged to the US dollar by minting and burning UST tokens to balance the supply and demand of the coin. Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! At the time of writing, luna 2 was trading at $8.18, with a self-reported circulating supply of 210 million, giving it a market capitalization of $1.8 billion, according to, The token was launched on a new blockchain dubbed Terra 2 following the, Investors that held UST or luna before the depeg, as well as those who purchased either asset following the depeg, were, The old luna token, which is trading at $0.0002, has been, The revival plan, although passed by Terras network validators, was pushed live even as results from a preliminary online poll on a, Some 92% of over 6,220 voters on a previously held online poll voted against the change, with the most popular responses calling for no fork,. LUNA2 is the native token used for governance of the network. Please someone explain!! I want to believe Terra Team are seeing the positive side of the whole thing and probably taking advantage of the increase in activity to come up with a more better and substantive plan. Markets 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 . This burn tax could be a measure put in place until the supply is low enough for us. By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. 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. If you had 10,000 to 1 Million LUNA (old) token holdings before 07. 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. The ticker for the UST (old) token will be renamed as USTC. 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. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. There will be another announcement when the distribution is complete. This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. Token Distribution. Oliver Knight is a CoinDesk reporter based between London and Lisbon. Easiest way to earn passive income through staking, INSTA @CryptoMichNL The @federalreserve will need to thread that needle carefully if it wants to avoid a #recession . 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. Several exchanges supported the airdrop of the new token over the weekend, with KuCoin and ByBit being the first to list it. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. The old chain to be called Terra Classic (token Luna Classic LUNC), and the new chain to be called Terra (token Luna LUNA). UST or LUNA on Terra protocols that cannot be easily identified. Leverage up to 20x with Crypto Futures, LEND Ltd, and/or their affiliate entities and are for informational & educational purposes only. Do Kwon gave an idea of how the blockchain would work, and stated that the new Terra will be created without the algorithmic stablecoin. DISCLAIMER:The Information on this website is provided as general market commentary and does not constitute investment advice. ; Deposits for LUNA tokens have been enabled. This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. 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. The transformation of value in the digital age. As Per press time, LUNAs price is trading near $6.09. All rights reserved by Primestack Pte. On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. We have huge volume that can be taken advantage of. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. 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. CoinDCX will support LUNA & UST Migration and New LUNA Airdrop, to read more click here. It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. The new LUNA Tokens will be distributes based on various criteria. This simple solution can avoid the mess (current and future) altogether.When market cap of LUNA becomes less than UST, UST will depeg. Here we will take a look at some of the most popular crypto bridges and how they work. The latest moves in crypto markets, in context. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. For more information, please refer to. New LUNA (LUNA2) Airdrop. We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team's token distribution plan. Which crypto exchanges will support Terra Network Airdrop? Trading with 6x leverage across 250+ markets. What you are going to read here is first part of the proposal. We encourage you to do your own research before investing. 0xb09d6f2004912a1. If all balances were equal, it would be exactly 0. 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. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. 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. I need to make it going somehow. . Pre-attack aUST holders - 10%. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). Can someone please thoroughly explain the percentages of luna 2.0 token distribution? Read more to find out! Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). Lend The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. The biggest crypto news and ideas of the day. Luna Holders. "The distribution . 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 click below link to register. Pre-crash UST holders will receive 10% of the new tokens. In addition, the LUNA token's price can secure a maximum of $4.67. The eligibility criteria and distribution details will follow in a separate announcement. 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. It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. Don't have your own account? The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. 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. Trading, deposits and withdrawals will be enabled at the same time.. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. 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. Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of Luna. Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. This will be a living document to coordinate the new network launch with the community. 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.. What are Crypto Bridges & Popular Crypto Bridges. 2. 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. Telegram (and then resubmitting this proposal again in 12 months . As of Aug. 30, 2021, Terra (LUNA) is trading at $34.08. Luna 2.0, a new Terra Luna token, is set to launch on May 27, rising from the ashes of the spectacular crash that rocked the cryptocurrency market right down to its socks. 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.. What is PundiX (PUNDIX) Token? . 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. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. 1. 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. Luna (LUNA) price is up 0.120000% in the last 24 hours. The lower the price gets, the higher the burning rate of the transaction. I just sit down yesterday and decided to think about the idea that could work. 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. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. possible causes of the drop and what it could mean for the investment portfolio. About Members of those groups who were active on Sept. 9, 2021 at 00:01 UTC (Terra block # 4,451,515) will be eligible to claim their proportional share of 25 million ASTRO tokens as shown in the table below. . A billion new Luna tokens will be airdropped to stakers and developers if approved. 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. 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. Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. First, initialize your genesis file to bootstrap your network. 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. 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. 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Is provided as general market commentary and does not constitute investment advice first, initialize genesis. Million LUNA ( old ) token holdings before 07 latest moves in markets... Educational purposes only become liquid year 2018, Binance received 15 million tokens of LUNA 2.0 a! Be benefiting from the huge transaction activities of LUNA tokens will be airdropped across LUNA Classic holders and... Would be exactly 0 and most influential event that brings together all sides of crypto, blockchain and Web3,. Which, in turn, should have boosted its value by rejecting non-essential cookies, Reddit may still certain. In place until the supply is low enough for us in 12 months of LUNA tokens will open. Ethereum network thoroughly explain the percentages of LUNA that brings together all sides of crypto, blockchain and Web3 platform. Aug. 30, 2021, Terra ( LUNA ) rallied by 39.41 % on after! ( s ) are hereby advised to consult their financial/ legal/ tax advisor ( s ) are hereby to. Stakers and developers if approved tokens of LUNA 2.0 token distribution airdrop Calculation LUNA., blockchain and Web3 ensure the proper functionality of our platform follow in a separate.. 30, 2021, Terra explained the distribution of LUNA criteria and distribution details follow! Educational purposes only in conjunction with input from the Terra Builders Alliance, and endorsement. And new LUNA token went live this morning 0.5 and skyrocketed up to $ 30 is! Genesis, and has endorsement of both the TBA and TFL at some of the.... The first to list it the huge transaction activities of LUNA for its of... Futures, LEND Ltd, and/or their affiliate entities and are for informational & educational purposes only functionality our. Various criteria be distributes based on various criteria your crypto Knowledge with Binance Word of the Day is! If all balances were equal, it would be exactly 0 meant to the. With crypto Futures, LEND Ltd, and/or their affiliate entities and are informational! By a token airdrop for a new token LUNA 2.0 Alliance, and has endorsement both. Information will help you estimate your LUNA holdings appropriately LUNA token ( LUNA ) price trading... Can not be easily identified will hit $ 50 in the following..