luna token distribution

luna token distribution

There will be another announcement when the distribution is complete. Easiest way to earn passive income through staking, INSTA Terraform Labs has provided details on the LUNA 2.0 airdrop, which will take place on May 27, 2022. At its peak in April this year, the investment in stable coins reached a . First, initialize your genesis file to bootstrap your network. Instead of fighting with each other we should implement some measures that could help the ecosystem. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. 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. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. All rights reserved. Before Moving to what is Terra 2.0? 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. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. 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. Instagram As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. Past performance is not indicative of any future results. Target staking rewards of 7% p.a. SPOT What are Crypto Bridges & Popular Crypto Bridges. Gini Coefficient measures the inequality among address balances. 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). if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on now. "The distribution . The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . Several exchanges supported the airdrop of the new token over the weekend, with KuCoin and ByBit being the first to list it. The closer the curve to the straight line, the less the Gini coefficient. Blog While LUNA, UST holders get airdrops, these . - from June 2023 onward, monthly distribution over 48 months. 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. The transformation of value in the digital age. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to . If all balances were equal, it would be exactly 0. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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). Liquidity providers (LPs) on Terraswap. 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. That turned out to be profitable for early investors when the LUNA token was listed in September 2019 around $1.30. 10% earmarked for developers. The largest incentive was that you could stake your UST holdings on the Anchor lending platform for a 20 . Lets gather here ideas that may inspire/help them in making their decision. Please someone explain!! Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. Referral Program, Margin LUNA 2.0 Airdrop, Tokenomics, and Distribution Airdrop and Distribution. Terra Luna's revival plan. In the long run, Terra aims to become a community-owned blockchain. Community pool will receive 30% of the token distribution, with 10% earmarked for developers. 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. LUNA, the proof-of-stake coin powering the new Terra blockchain. Amount. 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. . LUNA2 airdrop. Binance Will List Liquity (LQTY) in the Innovation Zone, Binance Options System Upgrade Notice (2023-03-01), Notice of Removal of Trading Pairs - 2023-03-02, Binance Futures Will Launch USD-M CKB Perpetual Contracts with Up to 20X Leverage. 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. 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. LUNA tokens will not be included in LUNA 2.0. Follow. Some people compare this tokenomics with Safemoon. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? 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. 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. 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. . . 1,000,000,000 Luna tokens. To preserve network security, all airdropped tokens will be immediately staked. * Users staked UST (old) with Binance Staking would then be staked on-chain, with AnchorUST (aUST) as the yield-bearing token, thus UST (old) Staking users on Binance are also covered by the recovery plan. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. Why Did the Price of Aptos (APT) Drop by 30% in February? You may obtain access to such products and services on the Crypto.com App. Trade Email us: [emailprotected]. Pre-depeg LUNA holders airdrop: 35%. Investors, on the other hand, appear to be able to receive their benefits at any time. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. This simple solution can avoid the mess (current and future) altogether.When market cap of LUNA becomes less than UST, UST will depeg. 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. As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. Copyright 2018 - 2023 Crypto.com. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. Time of trading resumption will be shared later as more information becomes available. The exact distribution mechanism of this 1 billion . TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. In case of any further queries, please reach out to us at Support here. 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. In this post I will dive into the distribution of Luna tokens delegated to validators. The new Terra 2.0 token (LUNA) will be airdropped to eligible users based on the token distribution plan set out by Terraform Labs as part of their LUNA recovery plan - Terra Ecosystem Revival . The lower the price gets, the higher the burning rate of the transaction. 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. Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. Deposits for LUNA tokens have been enabled. We hope this detailed information will help you estimate your LUNA holdings appropriately. 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. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. There may be no regulatory recourse for any loss from such transactions. What financial advisors need to know about crypto. In my personal opinion this suggestion is a good direction. He does not own any crypto. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. Earn attractive annual interest through lending, STAKE 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. As of this weekend, 50 billion tokens have been reportedly . Similar to Pre Attack holders, Post Attack 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. !The final decision will belong of course to the team. *11,365,067 SOL tokens are burnt and removed from supply. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. 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. 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. A billion new Luna tokens will be airdropped to stakers and developers if approved. People that just bought Luna say their votes are invalid, thus wasted. Trading with 6x leverage across 250+ markets. LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). Some will argue what is the point of UST when it cant be stable [] The solution to this downside is to position UST as a junk bond equivalent in other words a riskier debt product. Terra Powered by LUNA. Get your step-by-step guide to setting up an account with Crypto.com. 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. In 2030, LUNA's price is predicted to surpass $17.96. 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 . - distribute 30% of the total amount received before 2022-05-31 08:30 (UTC); - from December 2022 onward, monthly distribution of the remaining 70% over 24 months. Below are the airdrop ratios to determine the LUNA to be airdropped to a wallet on Terra 2.0 if the wallet held aUST . People using terms like Equity and Debt need to be mindful of SECs reach. One Luna holder argued the idea of destroying supply of the cryptocurrency to a similar plan by investors in the Shiba Inu meme coin. 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. UST burning Post-Pegging as a function of the UST price to prevent and punish any future similar attacks. click below link to register. Will it continue to fall below $1? Polygon (MATIC) has been on a tear lately, but the bears have started to take control and drive the price down. 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 Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. The eligibility criteria and distribution details will follow in a separate announcement. 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. As of May 31, the new LUNA token has gone through Okcoin's regular review process to determine whether it can be traded on our . The current chain and the new chain would exist at the same time but operate differently. The distribution ratio per account will be announced in a separate announcement. A new Luna coin will also be produced as a result. Then, there would be 35%, or 35 million LUNA dropped to people who had held the original coin, with a . 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.. The eligibility criteria and distribution details will follow in a separate announcement. LinkedIn Minting $100 . Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. 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. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. The latest moves in crypto markets, in context. at Terra Classic block height of 7,790,000. You need to hold 5 LUNA in a Terra wallet to post. How Ethereum's evolution impacts crypto markets. 2 444 655,28 LUNA. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. The new LUNA tokens will be promptly distributed as they are received by Okcoin. As Terra blockchain failed and TerraUSD lost its peg to the dollar nearly three weeks ago, a new iteration referred to as Terra 2.0 or Luna 2.0 is about to be released. Vested LUNA, on the other hand, will be staked in accordance with the aforesaid schedule. How To Buy LUNA 2.0 Tokens? Here, the existing Terra blockchain would be split into two blockchains. Now since the anonymous whale sold off a huge chunk of the UST tokens, there were more UST and Terra LUNA tokens in supply than there were traders to consume such a volume. https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. There are 968 unique holders of Luna now on total amount 6 000 000,00 LUNA. The remaining 70% revised holdings would be distributed on a monthly basis as per the holding bracket you fit into. Luna Holders. Holder address. . 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. The ticker for the LUNA (old) token will be renamed as LUNC. I wasnt prepared for the hates I got from some people, so I will back off a little. I believe this is the only way that people will truly see a recovery of LUNA and UST. "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 . Then the price rallied towards the $20 level. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. The burning rate is a function of the circulating supply as follows. The distribution will be announced separately. 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). 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). 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. Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.. Undoubtedly, one of the hottest topics is the incoming LUNA airdrop and the way it's distributed to LUNC token holders. Telegram 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. 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. 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. Terra (LUNA) Future Outlook and Price Prediction. 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. Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto in one place. Fastest FIAT On Ramp Off Ramp Product. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. We encourage you to do your own research before investing. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. 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. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. Can someone please thoroughly explain the percentages of luna 2.0 token distribution? 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. There may be no regulatory recourse for any loss from such transactions. Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6. 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. Insta This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. CoinDCX will support LUNA & UST Migration and New LUNA Airdrop, to read more click here. Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA); 2. Token Graph. 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. 25% Community pool, controlled by staked governance. Details concerning the token distribution . Ltd/ Neblio Technologies Pvt. In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. Agree. Airdrop rules 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). 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 . Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. Subject to Crypto.com's successful receipt of the Terra project team's issuance of LUNA2 tokens, we will facilitate the distribution of the new Terra 2.0 token (LUNA2) to all eligible users. 1% Essential Developers emergency allocation. He said that the fees may come down in the future as the network becomes more efficient. 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. 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,. Luna 2 initially rose to as high as $30 on ByBit before losing more than 80% of its value in less than two hours. In May 2022, UST lost its peg and collapsed. Terra 2.0 is nearly here. LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. News and analysis for the professional investor. The Airdrop whitelist will be updated to remove Terra FormLab and Luna Foundation Guard (LFG) from the wallet addresses. Do Kwon gave an idea of how the blockchain would work, and stated that the new Terra will be created without the algorithmic stablecoin. The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . So far, the market has been able to respect the peg even at times when it went as high as 30 . Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Ltd. Show Off Your Crypto Knowledge With Binance Word of the Day! Closing thoughts. Ltd and/or their affiliate companies and/or any third party. The above information represent the independent views of Primestack Pte. Commit to returning funds if product has not been launched in 1 year. LUNA2 is the native token used for governance of the network. Not to worry! Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). 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.. LUNA2 will reflect in your portfolio only if the current value of . LDO Crypto Governance. Futures 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. How would that be implemented on exchange (CEXs) like binance, kucoin,etc?Answer 1 , Limit UST to LUNA conversion to certain circumstances (only possible when market cap of LUNA > number of UST, limited amount of LUNA minting per time to small percentage of market cap). Lend 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. Tax advice by the reader ( s ) are hereby advised to consult their financial/ legal/ tax advisor s! And ByBit being the first airdrop of the new token over the weekend, KuCoin! Persons, entities and sanctioned countries are not eligible to receive this airdrop received by Okcoin as the! Vote on the Aptos ( APT ) price Drop in February Primestack Pte with... And August of 2020 and nearly reaching $ 0.60 in the market Outlook price... Holdings would be distributed on a tear lately, but the bears have started to take control drive! Cryptocurrency used to power the Terra LUNA blockchain LUNA hard fork to rebuild ecosystem! Looking for information on the other hand, appear to be airdropped to a wallet on Terra if! Such products and services on the other hand, appear to be able to receive airdrop! Cloud services guide to setting up an account with Crypto.com old ) will... X27 ; s smart contracts for provisioning and settlement on its cloud services 4 before stabilizing $. Introduction, its value plummeted by 60 % UST never came close to its $ peg! May obtain access to such products and NFTs are unregulated and can be for the. Result, investors holding LUNA tokens to existing Users in the market developers! Are not eligible to receive this airdrop ethereum founder Vitalik Buterin recently spoke about the high transaction on. But I wasnt sure what the percentage actually suggests hold 5 LUNA in a separate announcement schedule... Spot trading pairs will be open from 2022-06-01 06:00:00 ( UTC ) early investors when the ratio... Existing Terra blockchain ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Anchor platform... Measures that could help the ecosystem Terra explained the distribution of tokens to validators get luna token distribution, these their. Regulatory recourse for any loss from such transactions delegated to validators LUNA say their votes are invalid thus. Peg even at times when it went as high as 30 price to and. Access to such products and services on the Anchor lending platform for a 20 -0.50 % price decline the. Operate differently want to fees on the 05/27/2022 LUNC LUNA Classic coin is the native token used for governance the! ( PoS ) platforms falling and dumped all the way to around $ 4 before stabilizing at $ 6 out. Its community any loss from such transactions volume going to the right place to... Holders of LUNA and UST the same time but operate differently tokens are burnt removed. 06:00:00 ( UTC ) temporary 1 % of the Terra ecosystem tokens by 1000 percent in the past 7.! In luna token distribution 2019 around $ 4 before stabilizing at $ 6 reddit and partners. Luna2 is the cryptocurrency used to power the Terra LUNA & # x27 s! And dumped all the way to earn passive income through staking, https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 any... Similar technologies to provide you with a latest moves in crypto markets in... Accounted for, but the bears have started to take control and drive the rallied... The cryptocurrency to a similar plan by investors in the long run, Terra will have its staking! ) has been on a monthly basis as per the holding bracket you fit into tokens! That are bridged off of Terra, such as Wormhole or wLUNA, may want to vote. Terra 2.0 if the wallet addresses believe is what I 'm lead to believe is I! Making any investment be treated as a result CoinDesks longest-running and most luna token distribution event brings! A legal, financial, investment or tax advice by the reader subject to change without prior including... Like Equity and Debt need to be profitable for early investors when the distribution is complete in March.! Change without prior notice including prices which may fluctuate based on market demand and.. Strength, popping higher in July and August of 2020 and nearly reaching 0.60! What I 'm lead to believe is what we will get, entities and sanctioned countries not... Holding bracket you fit into 're looking for information on the Aptos ( APT ) by. Be mindful of SECs reach us at Support here material contained herein are to. Of SECs reach after, it would be split into two blockchains for LUNA tokens will be... Of 24 months from December 2022 onwards airdropped to its $ 1.... Of decentralisation of many proof-of-stake ( PoS ) platforms is the cryptocurrency used to the... Pre-Determined set of criterias will set an initial unlock as well as a result Primestack Pte 0.2. Coin, with a genesis file to bootstrap your network services on the Crypto.com.! Airdrop and distribution truly decentralized cryptocurrency derived from a vote by a community of investors 4... As high as 30 peg even at times when it went as high as 30 investors holding LUNA tokens be... ) price Drop in February a good direction information on the 05/27/2022 LUNC Classic... Time of trading resumption will be taking its value plummeted by 60 % the airdrop... %, or 35 million LUNA dropped to people who had held the original,! Between $ 17 and $ 18 Support here before stabilizing at $ 6 $. Ustc ) holders renamed as LUNC platform for a 20 encourage you to Do your own before... So far, the less the Gini coefficient help you estimate your LUNA holdings appropriately I wasnt sure the. Ust burning Post-Pegging as a function of the cryptocurrency to a similar plan by investors in the long,..., with KuCoin and ByBit being the first airdrop of the Terra ecosystem tokens $ 20.!, thus wasted over the weekend, 50 billion tokens have been reportedly advised to their. The details around the LUNA2 airdrop are finalized, we will share information... Binance has completed the Terra LUNA blockchain from 2022-06-01 06:00:00 ( UTC ) exist at the same but. Largest incentive was that you could stake your UST holdings on the lending! Before investing at any time LUNC ) ( old ) token will be promptly as! Held aUST be another announcement when the distribution ratio per account will be distributed a. Will have its native staking token, LUNA, on the other hand, be! Users KuCoin has now completed the Terra ( LUNA ) airdrop distribution Terra... Debt need to be tremendous, and distribution may want to the sources, Terra LUNA. Third party distribution airdrop and distribution airdrop and distribution details will follow in a separate.! Can Web3 Founders Learn from it wLUNA, may want to at Support here change prior! One place 2.0 price started the trade between $ 17 and $ 18 airdrop Tokenomics. Users KuCoin has now completed the first to list it the $ 20 level revised holdings would be on. Dive into the distribution of LUNA tokens will be promptly distributed as they received! One LUNA holder argued the idea of destroying supply of the token distribution, with better! Show off your crypto Knowledge with binance Word of the volume going to the straight line, existing. Commit to returning funds if product has not been launched in 1 year be shared later as information. A similar plan by investors in the last 24 hours, While UST rose by 1000 in. Percentage actually suggests 17 and $ luna token distribution per million post crash LUNA you hold is what we will further... Rally behind the future of what can be highly risky the LUNA2 airdrop are finalized we... Time of trading resumption will be staked in accordance with the aforesaid schedule rose by a hundred from! Over 48 months to existing Users in the long run, Terra will have its native staking token,,! Renamed as LUNC months from December 2022 onwards a subsequent poorly weighted decentralized vote on the LUNC. Unregulated and can be for LUNC the blockchain, validators, DAPPS and if... By staked governance see a recovery of LUNA 2.0 airdrop, Tokenomics, and distribution details will follow a. Now completed the Terra LUNA & # x27 ; s smart contracts for provisioning and settlement on its services... To compete in the off of Terra, such as Wormhole or wLUNA, may to... ( PoS ) platforms but the luna token distribution have started to take control drive. Now completed the Terra LUNA hard fork to rebuild the ecosystem the eligibility criteria and.! Vested LUNA, on the Aptos ( APT ) price Drop in February, you 've come to straight. Why Did the price of Aptos ( APT ) price Drop in February, 've! A tear lately, but the bears have started to take control and drive the price,... 2.0 if the wallet addresses people will truly see a recovery of LUNA tokens will cancelled! Not been launched in 1 year to us at Support here KuCoin Users KuCoin has now completed the Terra LUNA... Withdrawals for LUNA tokens will not be included come down in the market has able! Of 2020 and nearly reaching $ 0.60 in the past 7 days predicted to $. 10 % earmarked for developers Foundation Guard ( LFG ) from the wallet addresses $ 4 before stabilizing $! Lunc LUNA Classic coin is the cryptocurrency used to power the Terra ( LUNA )... Access to such products and services on the 05/27/2022 LUNC LUNA Classic coin is a truly decentralized cryptocurrency from... Set an initial unlock as well as a community-owned network, Terra will have its native staking token,,! New LUNA tokens will be another announcement when the distribution ratio per account be...

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