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. First Lets get a flashback Of what Really Happened With Terra (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. First, initialize your genesis file to bootstrap your network. Please Comment What You Think and Lets Perfect This Solution Together!! Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions. 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. $UST peg failure is Terras DAO hack moment a chance to rise up anew from the ashes. Luna (LUNA) price is up 0.120000% in the last 24 hours. if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on now. (and then resubmitting this proposal again in 12 months . Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Gini Coefficient measures the inequality among address balances. Your weekly wrap of Web3 news and trends. 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. For more information, please refer to. CoinDCX will support LUNA & UST Migration and New LUNA Airdrop, to read more click here. All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. Keep the existing structure in place, fix the problems to avoid a repeat, and add a transaction fee to help build reserves, burn, and for general maintenance of the ecosystem. Oliver Knight is a CoinDesk reporter based between London and Lisbon. Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? . So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. How Will the Terra LUNA 2.0 Airdrop Token distribution be Calculated? Fastest FIAT On Ramp Off Ramp Product. The distribution ratio per account will be announced in a separate announcement. As of Aug. 30, 2021, Terra (LUNA) is trading at $34.08. In case of any further queries, please reach out to us at Support, JOY & OLAND Listings on CoinDCX Pro | June 10, 2022. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> Liquidity providers (LPs) on Terraswap. On May 28th Finally, the New Terra Blockchain was Live ! To sum it up, this is what the distribution looks like: Community pool - 30%. 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. The lower the price gets, the higher the burning rate of the transaction. At the time of writing, luna 2 was trading at $8.18, with a self . Qadir Ak is the founder of Coinpedia. All bonded / unbonding Luna, minus TFL at Pre-attack snapshot; staking derivatives included, 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, 15% unlocked at genesis; 85% vested over 2 years thereafter with 6 month cliff, Pre-attack snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 23:00:04+08:00), Post-attack snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00), Chain upgrade to commence in a few hours after the Launch snapshot, Snapshots can change depending on development readiness, Luna eligibility includes Luna, bonded Luna, unbonding Luna, and staking derivatives, TFL (previously maintained mantle, station, finder, Terra Core) to prepare core public infrastructure, wallets, genfile, release binary for the launch, Validators (to volunteer) to declare gentx and coordinate launch shortly after the launch snapshot, Community leaders looking to provide oversight over the essential dev program should form a multisig to oversee the essential dev allocation & act as a steering committee for the new chain, 05/21 Terra Core release is cut, network launch instructions made available for validators, 05/25 Essential app developer registration completed, 05/27 Genesis file created from final launch snapshot. As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. 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. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. For more information, please refer to. Reddit and its partners use cookies and similar technologies to provide you with a better experience. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . So far, the market has been able to respect the peg even at times when it went as high as 30 . Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team's token distribution plan. You need to hold 5 LUNA in a Terra wallet to post. To preserve network security, all airdropped tokens will be immediately staked. It is not intended to offer access to any of such products and services. 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. Users with bridged UST or LUNA who would like to be included in the Post-Attack snapshot need to bridge back to Terra before the snapshot is taken. Commit to returning funds if product has not been launched in 1 year. Heres what you need to know. About trading the new token. - from June 2023 onward, monthly distribution over 24 months. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? The eligibility criteria and distribution details will follow in a separate announcement. Wouldnt that be wonderful? Terra will then burn the LUNA tokens you supply. 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. 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. There will be another announcement when the distribution is complete. 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). Markets . Terra 2.0 is nearly here. The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. 1. !The final decision will belong of course to the team. A total of 1 billion new Luna 2.0 tokens were . That turned out to be profitable for early investors when the LUNA token was listed in September 2019 around $1.30. LUNA, the proof-of-stake coin powering the new Terra blockchain. Lend Past performance is not indicative of any future results. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. 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. Trade Closing thoughts. Today it reached a high of $1.76, and now sits at $1.73. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. They are becoming increasingly popular as more and more people invest in crypto. 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. 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). 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. Get your step-by-step guide to setting up an account with Crypto.com. LUNA) to all eligible users based on Terra project teams. The transformation of value in the digital age. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . Nakamoto index is the number of top addresses, holding togerther more than 51% of all coin supply. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. You can also mint LUNA with Terra stablecoins. The ratio is considered on a Per LUNA/UST basis, hence you simply need to multiply the quantity of old holding balance with the ratio mentioned in order to get the total quantity that you are eligible to receive from this airdrop. Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. 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: 30% of the new LUNA tokens were distributed on June 6, 2022. Press question mark to learn the rest of the keyboard shortcuts. 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 2030, LUNA's price is predicted to surpass $17.96. at Terra Classic block height of 7,544,910. 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. The latest moves in crypto markets, in context. Ltd and/or their affiliate companies and/or any third party. 2 444 655,28 LUNA. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. 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. Based on the same information from Terra (70% vested over 2 years thereafter with 6 month cliff), we understand that between November 2022 and November 2024, additional LUNA tokens will vest (the . 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. *11,365,067 SOL tokens are burnt and removed from supply. 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. Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. This process limits a bLUNA holders' exposure to the LUNA token, helping to ensure that the value of their staking rewards remains stable. Not been launched in 1 year top addresses, holding togerther more 51... 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