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. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. Telegram It wont be like Safemoon, because in its case all transaction fee volume is distributed between holders (fat get fatter and only part of it is burned). LUNA2 airdrop. This seems like the simplest way out of this.. 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. Today it reached a high of $1.76, and now sits at $1.73. Ltd and/or their affiliate companies and/or any third party. LUNA2 will be listed for Limit Order trading on CoinSwitch. *11,365,067 SOL tokens are burnt and removed from supply. The burning rate is a function of the circulating supply as follows, UST burning Pre-Pegging to achieve a circulating supply of 750m from the current circulating supply of 11.27b tokens. That turned out to be profitable for early investors when the LUNA token was listed in September 2019 around $1.30. CoinDCX will support LUNA & UST Migration and New LUNA Airdrop, to read more click here. Next, create a Terra account by running the following command: terrad keys add < account_name >. The new LUNA token will have a circulating supply of 1 billion tokens. How To Buy PUNDIX Token In India? We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team's token distribution plan. In May 2022, UST lost its peg and collapsed. I wish the best for everyone here.. Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. at Terra Classic block height of 7,790,000. The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . The transformation of value in the digital age. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. Details are subject to change. 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. Quant Strategist / High Frequency Trading Full Time, Security Additional Read: LUNC Price Prediction Weekly. There's also a new LUNA token to go with it. March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on now. Confused with the Luna Token Distribution. In the long run, Terra aims to become a community-owned blockchain. 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. !The final decision will belong of course to the team. Be a smarter, safer investor in eight weeks. 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. By clicking the Get Started button you acknowledge having read the, For Crypto.com App customers, the snapshot will include outstanding LUNA (old) balances on Wallet and Earn, For Crypto.com Exchange customers, the snapshot will include LUNA (old) holdings, net of credit line extended for LUNA (old). LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. New LUNA (LUNA2) Airdrop. 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. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. Email us: [emailprotected]. Trading with 6x leverage across 250+ markets. The distribution ratio per account will be announced in a separate announcement. 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. 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. 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. So what does these term mean? 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. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> Reddit and its partners use cookies and similar technologies to provide you with a better experience. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. Vested LUNA, on the other hand, will be staked in accordance with the aforesaid schedule. Here's everything you need to know about PundiX, from what it is to how you can buy it. In case you have any queries, write to[emailprotected]. 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. Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. Undoubtedly, one of the hottest topics is the incoming LUNA airdrop and the way it's distributed to LUNC token holders. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. Easiest way to earn passive income through staking, INSTA Trading with 6x leverage across 250+ markets. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. While LUNA, UST holders get airdrops, these . Snapshot is scheduled to begin on 27th May for all holders. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. Post-crash UST holders will receive 15% of the tokens 30% of those are unlocked at genesis, and 70% will be vested over two years, with a six-month cliff. The burning rate is a function of the circulating supply as follows. 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. If you had less than 10,000 LUNA (old) token holdings before 07:30 AM (IST) on May 8, 2022, then the distribution would be in the following manner: 2. 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. 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). DISCLAIMER:The Information on this website is provided as general market commentary and does not constitute investment advice. 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. Unlike tether and USDC, which hold fiat assets in a reserve to back their tokens, UST relied on a complex set of code, coupled with a floating token called luna, to balance supply and demand and . Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . Under the new proposal, Terra plans to distribute tokens to holders of the old luna soon to be renamed "luna classic" and UST 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. In addition, the LUNA token's price can secure a maximum of $4.67. LUNA2 is the native token used for governance of the network. Qadir Ak is the founder of Coinpedia. All rights reserved by Primestack Pte. Oliver Knight is a CoinDesk reporter based between London and Lisbon. Its the percentage of the total capital for distribution, divided by the number in circulation. Address Graph. 1% Essential Developers emergency allocation. Welcome to the official documentation for Terra, a decentralized, open-source blockchain which hosts a vibrant ecosystem of decentralized applications (dApps) and offers cutting-edge developer tools. As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. The table below is the Terra project teams token distribution plan. Here we will take a look at some of the most popular crypto bridges and how they work. 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. 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. New LUNA token distribution time. 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. To get alerts, follow @terra_agora on Twitter or Telegram. Pre-attack LUNA holders will receive 35%. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations. @terra_money. 1.3 Solana's recent news. 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.. Insta The Airdrop whitelist will be updated to remove Terra FormLab and Luna Foundation Guard (LFG) from the wallet addresses. 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:. 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. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. LUNA tokens will not be included in LUNA 2.0. The above information represent the independent views of Primestack Pte. A billion new Luna tokens will be airdropped to stakers and developers if approved. 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. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. What is PundiX (PUNDIX) Token? Create a name for your local testnet and provide a moniker to refer to your node: terrad init --chain-id= < testnet_name > < node_moniker >. Pre-attack aUST holders - 10%. Further mechanics could be put in place to reduce the risk such as reserves, burns, amount of luna that can be minted per x time, etc but under no circumstance should Luna be minted when market cap of luna goes below the market cap of UST. 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 crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. There may be no regulatory recourse for any loss from such transactions. So what does these term mean? Ltd, Neblio Technologies Pvt. Before Moving to what is Terra 2.0? As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to . Terra Powered by LUNA. As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. Wouldnt that be wonderful? . Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). Frequently Asked Questions (FAQ) at Terra Classic block height of 7,544,910. 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. First, initialize your genesis file to bootstrap your network. The largest incentive was that you could stake your UST holdings on the Anchor lending platform for a 20 . Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). Then you everyone made amazing contribution to the proposalIve done what I could and never expected such a big reach. MARGIN Futures Small vs Higher Fee (Opinion in contrary to 3rd point here)ultimately the goal is to encourage folks to keep using Luna instead of higher taxes, just keep building more products and services to encourage it. The existing LUNA token will be called LUNC, while the new LUNA 2.0 token will be known as LUNA. About Terraform Labs took to Twitter to confirm that Terra had started producing blocks on the newly-named Phoenix-1 mainnet. . Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! Please dont vote if you havent staked LUNA. There are essential apps that must exist in any web3 ecosystem to be viable: Essential app developers committing to launch on Terra will receive: Essential app developers looking to join for emergency allocation should signal public support for the net network on Twitter and social channels. Follow this link to understand the calculation in more details: A total of 1 billion new Luna 2.0 tokens were . LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. How will the LUNA 2.0 Airdrop be distributed? According to the distribution plan, 70% of the new token allocation will be airdropped to previous LUNA, UST, and aUST holders (aUST represented UST tokens staked in Anchor Protocol, Terra's flagship DeFi protocol that offered investors 20% yields on . 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. You can also mint LUNA with Terra stablecoins. 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. . So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. Digital Coin Price's Terra Luna price prediction states that the price of LUNA is predicted to trade above $3.92 in 2024. . Transactions. To preserve network security, all airdropped tokens will be immediately staked. API Documentation, Contact Support Pre-crash LUNA holders will receive 35% of the new tokens. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. 2 444 655,28 LUNA. 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. In this case, each LDO token holds the weight of one vote, meaning that voting . Are you part of the community and like the direction of this proposal? Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. Post-attack LUNA holders - 10%. Please enter your username or email address to reset your password. Commit to returning funds if product has not been launched in 1 year. Liquidity providers (LPs) on Terraswap. Terra 2.0 is nearly here. Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. SPOT - from June 2023 onward, monthly distribution over 48 months. UST or LUNA on Terra protocols that cannot be easily identified. @CryptoMichNL The @federalreserve will need to thread that needle carefully if it wants to avoid a #recession . Not to worry! It is not intended to offer access to any of such products and services. No lockup. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. The LUNA 2.0 testnet is now active, and the mainnet will go live on May 27. The ticker for the UST (old) token will be renamed as USTC. 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. I need to make it going somehow. The arrangements are as follows: 1. 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 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 . Trade Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! Convert By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. All rights reserved. . About 30% of tokens will go to a pool of investors in . There may be no regulatory recourse for any loss from such transactions. I think recovery is going to be a mid term to longer road, than a shorter one, and in some ways the longer road will allow for a healthier return. The exact distribution mechanism of this 1 billion . By the end of the year, Terra is expected to reach a minimum value of $3.83. 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. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. For more information, please refer to. 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. Luna does not have a . new LUNA Tokens will be distributes based on various criteria. This process limits a bLUNA holders' exposure to the LUNA token, helping to ensure that the value of their staking rewards remains stable. LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. Post-attack UST holders - 15%. LongForecast 's terra crypto price prediction held a bearish view on the future of 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.. 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. (and then resubmitting this proposal again in 12 months . Luna (LUNA) price is up 0.120000% in the last 24 hours. 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 new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. Your weekly wrap of Web3 news and trends. 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)? How To Buy LUNA 2.0 Tokens? Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6. Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens. For further information about the new Terra (LUNA) Airdrop Program, please refer to: Investors will return.link: Validators can set their own minimum gas fees. Pre Attack in this scenario means any LUNA or UST holders or traders who had these tokens in their crypto wallet before the Terra network fiasco took place. LinkedIn For more information, please refer to. $UST peg failure is Terras DAO hack moment a chance to rise up anew from the ashes. More details will be announced separately. Regulatory Issues/ Enforcement Authorities. Blog Press question mark to learn the rest of the keyboard shortcuts. The lower the price gets, the higher the burning rate of the transaction. There are 968 unique holders of Luna now on total amount 6 000 000,00 LUNA. 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. Create an account to follow your favorite communities and start taking part in conversations. 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. Previously, the Terra Luna community approved a revival plan that involves a Terra Luna hard fork from the failed token, the creation of a new blockchain Terra 2.0 and a new token.. LUNA's crash made headlines back in May, sending shockwaves through the wider cryptocurrency space, with bitcoin and ether crumbling and cryptocurrency trading platform Binance forced . On May 28th Finally, the New Terra Blockchain was Live ! For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. Trading with a near limitless order book. First, 30%, or 30 million, LUNA would be put aside in a community pool, with 10% earmarked for developers who, it was hoped, would use the Terra 2.0 blockchain to transfer over decentralised applications (DApps) from the original Terra system. 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. 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. Community pool will receive 30% of the token distribution, with 10% earmarked for developers. The percentage allocation of the total supply -1 Billion - is to be done as . Target staking rewards of 7% p.a. Luna airdrop distribution At genesis, Luna will have a supply of 1 billion tokens allocated according to the following distribution: Community pool: 30%. Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned.