- from June 2023 onward, monthly distribution over 48 months. Fueled by a passionate community and deep developer talent pool, the Terra blockchain is built to enable the next generation of Web3 products and services. There may be no regulatory recourse for any loss from such transactions. Pre-crash LUNA holders will receive 35% of the new tokens. On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. 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. LinkedIn Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto in one place. Today it reached a high of $1.76, and now sits at $1.73. Polygon (MATIC) has been on a tear lately, but the bears have started to take control and drive the price down. The new LUNA token will have a circulating supply of 1 billion tokens. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. Be a smarter, safer investor in eight weeks. Please find below the ratios in which 30% of the revised holdings have been distributed: Total eligible quantity (Airdrop): Quantity x Ratio (LUNC/USTC as per Pre/Post-Attack), Quantity which you get now (30%): Total eligible quantity x 30%, Still in doubt? What is PundiX (PUNDIX) Token? Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. 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Address Graph. . *11,365,067 SOL tokens are burnt and removed from supply. 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. Looking to buy PundiX (PUNDIX) token in India? March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA); 2. new LUNA Tokens will be distributes based on various criteria. Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. 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. Snapshot is scheduled to begin on 27th May for all holders. 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. 2 444 655,28 LUNA. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. This simple solution can avoid the mess (current and future) altogether.When market cap of LUNA becomes less than UST, UST will depeg. Lets gather here ideas that may inspire/help them in making their decision. The new LUNA token will have a circulating supply of 1 billion tokens. 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. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. 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. 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.. A billion new Luna tokens will be airdropped to stakers and developers if approved. The current chain and the new chain would exist at the same time but operate differently. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. The LUNA 2.0 testnet is now active, and the mainnet will go live on May 27. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. . Can someone please thoroughly explain the percentages of luna 2.0 token distribution? Note Crypto products and NFTs are unregulated and can be highly risky. 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. The volume will play on us. Confused with the Luna Token Distribution. Lend Around 14/15 tokens per million post . Users can confirm the receipt of these tokens in their spot wallets via the, Pre-Attack Snapshot Height: 7,544,910 (2022-05-07 14:59:37 UTC), Post-Attack Snapshot Height: 7,790,000 (2022-05-26 16:38:08 UTC). The 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. 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 . 0xb09d6f2004912a1. 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. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. 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). 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . In the long run, Terra aims to become a community-owned blockchain. 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. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. 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. Twitter Time of trading resumption will be shared later as more information becomes available. We encourage you to do your own research before investing. Any LUNA tokenspresently held in the bridge contract will be placed aside as part of the community pool for distribution after the chain launches, according to the contract. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Please Comment What You Think and Lets Perfect This Solution Together!! Trading with a near limitless order book. Will the Bears Drive Down the Price of Polygon (MATIC) Below $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. Here we will take a look at some of the most popular crypto bridges and how they work. To get alerts, follow @terra_agora on Twitter or Telegram. (2023-03-02), Earn Wednesday: New Limited-Time Offers Available Now! I wasnt prepared for the hates I got from some people, so I will back off a little. This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. Terraform Labs, the developer behind the Terra blockchain and its UST and . 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,. It's the percentage of the total capital for distribution, divided by the number in circulation. 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 the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. 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 . Calculated as a square measure above the Lorenz curve. 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.. Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! 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. "The distribution . News and analysis for the professional investor. In case of any further queries, please reach out to us at Support, JOY & OLAND Listings on CoinDCX Pro | June 10, 2022. The algorithm works in a way where if there is an excess of UST tokens that threatens the $1 peg, LUNA tokens are burned to keep the price at a constant $1 and vice versa. 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. 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. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. 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). Qadir Ak is the founder of Coinpedia. TFLs wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain, Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem. LUNA) to all eligible users based on Terra project teams. The eligibility criteria and distribution details will follow in a separate announcement. The lower the price gets, the higher the burning rate of the transaction. You can also mint LUNA with Terra stablecoins. People using terms like Equity and Debt need to be mindful of SECs reach. For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. There may be no regulatory recourse for any loss from such transactions. Now the rest belongs to the community. For more information, please refer to. I believe this is the only way that people will truly see a recovery of LUNA and UST. People that just bought Luna say their votes are invalid, thus wasted. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> To sum it up, this is what the distribution looks like: Community pool - 30%. 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." . Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Trading with a near limitless order book. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. 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. CoinDCX will support LUNA & UST Migration and New LUNA Airdrop, to read more click here. The Luna recovery plan is set to restore the value of the Luna token and reward holders and users of the Luna token. 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. The table below is the Terra project teams token distribution plan. 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. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. ; March 2020: Chainlink will work with Solana to build a fast oracle system. Terraform Labs took to Twitter to confirm that Terra had started producing blocks on the newly-named Phoenix-1 mainnet. Transactions. Step 1: Create network and account. UST or LUNA on Terra protocols that cannot be easily identified. Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). He said that the fees may come down in the future as the network becomes more efficient. Telegram 20% temporary fee for sale transaction and 1-2% for buyingAll in order to: there was no desire to sell on a short run. Luna Holders. At its peak in April this year, the investment in stable coins reached a . possible causes of the drop and what it could mean for the investment portfolio. 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. I need to make it going somehow. 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. Past performance is not indicative of any future results. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. In case you have any queries, write to[emailprotected]. On May 28th Finally, the New Terra Blockchain was Live ! 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. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. 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. How To Buy LUNA 2.0 Tokens? Details are subject to change. Quant Strategist / High Frequency Trading Full Time, Security 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. All rights reserved by Primestack Pte. Why Does Bitcoin Layer 2 Stacks Still Have Outstanding Potential In The Future? 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. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. 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. 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. Trade 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. Email us: [emailprotected]. 2. 2. LUNA (old) and UST (old) borrowed from Margin or Crypto Loans, or LUNA (old) and UST (old) transferred to Spot accounts from these accounts, will not qualify to receive tokens from the airdrop.

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