KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. As Per press time, LUNAs price is trading near $6.09. This seems like the simplest way out of this.. Target staking rewards of 7% p.a. Your weekly wrap of Web3 news and trends. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. Ltd. 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There may be no regulatory recourse for any loss from such transactions. The Official tweet from Terra stated: https://twitter.com/terra_money/status/1529665416108208128. 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. In case of any further queries, please reach out to us at Support here. The airdrop will start when the mainnet becomes operational. LinkedIn The new LUNA token will have a circulating supply of 1 billion tokens. 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 . This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. Network security to be incentivized with token inflation. Now the rest belongs to the community. To get alerts, follow @terra_agora on Twitter or Telegram. 4% Essential developers (1 year cliff, 4 year vesting thereafter, granted after launch traction) 35% All bonded / unbonded Luna, minus TFL at "Pre-attack" snapshot By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! Additional Read: LUNC Price Prediction Weekly. 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 . Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. 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. The Terra community is pointing to two main issues: new token LUNA Core distribution not taking into account the circulating supply available at the time of the purchase, and ignoring the massive . Which crypto exchanges will support Terra Network Airdrop? Holder address. LUNC or Luna Classic Coin was created via a fork of the original Terra Luna Blockchain after a death spiral was created by UST stable coin losing its peg. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . Please Comment What You Think and Lets Perfect This Solution Together!! 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). Trading, deposits and withdrawals will be enabled at the same time.. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. In addition, the LUNA token's price can secure a maximum of $4.67. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. We hope this detailed information will help you estimate your LUNA holdings appropriately. Luna 2.0, a new Terra Luna token, is set to launch on May 27, rising from the ashes of the spectacular crash that rocked the cryptocurrency market right down to its socks. At its peak in April this year, the investment in stable coins reached a . Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? Reddit. . Don't have your own account? Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. CoinDesk journalists are not allowed to purchase stock outright in DCG. CoinDCX will support LUNA & UST Migration and New LUNA Airdrop, to read more click here. 2 444 655,28 LUNA. As of Aug. 30, 2021, Terra (LUNA) is trading at $34.08. The lower the price gets, the higher the burning rate of the transaction. Investors will return.link: Validators can set their own minimum gas fees. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. A new Terra blockchain is set to go live on mainet Friday. 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. Pre-attack LUNA holders: 35%. Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! Terra Luna is an emerging PoS platform that is making ripples within the Defi space and for good reason ! The target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . A total of 1 billion new Luna 2.0 tokens were . Terra 2.0 is nearly here. For more information, please refer to. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . We encourage you to do your own research before investing. Be a smarter, safer investor in eight weeks. 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. All rights reserved by Primestack Pte. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. Head to consensus.coindesk.com to register and buy your pass now. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. Measures the prevalence of top balances comparing to whole population. 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 existing LUNA token will be called LUNC, while the new LUNA 2.0 token will be known as LUNA. Follow. Ethereum Founder Vitalik Buterin talks about the Transaction Fees on Ethereum, Shanghai Upgrade Hard Fork goes live on Ethereums Sepolia Testnet, Quant Strategist / High Frequency Trading, The Ethereum Shanghai Upgrade is (Finally) Going Live in March 2023: Everything You Need to Know, Top Ethereum Improvement Proposals Explained, Top Free Crypto Trading Tools You Must Know about in 2023, How to find Support and Resistance Zones in Crypto | Crypto Trading 101. They are becoming increasingly popular as more and more people invest in crypto. 1% Essential Developers emergency allocation. New LUNA token distribution time. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. Luna 2 initially rose to as high as $30 on ByBit before losing more than 80% of its value in less than two hours. Read more to find out! Easiest way to earn passive income through staking, INSTA Ltd and/or their affiliate companies and/or any third party. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . Agree. Pre-crash LUNA holders will receive 35% of the new tokens. Lend Address Graph. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. Calculated as a square measure above the Lorenz curve. 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. Copyright 2018 - 2023 Crypto.com. 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. Terraform Labs has provided details on the LUNA 2.0 airdrop, which will take place on May 27, 2022. The material available on the site is proprietary to CoinDCX, its parent, Licensor and/or its affiliates and is for informational purposes and informed investors only. Details concerning the token distribution . U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. Not only are the community members migrating to the new chain, most of the popular Terra Classic projects will also be joining them in this transition. LUNA) to all eligible users based on Terra project teams. 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). 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. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . * 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 volume will play on us. Liquidity providers (LPs) on Terraswap. Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. To sum it up, this is what the distribution looks like: Community pool - 30%. The new LUNA Tokens will be distributes based on various criteria. Terra Luna's revival plan. In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. 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 . People that just bought Luna say their votes are invalid, thus wasted. All rights reserved. Trading with a near limitless order book. "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 . Address: Road Town, Tortola, British Virgin Islands. It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. LDO Crypto Governance. Join CoinCu Telegram to keep track of news:https://t.me/coincunews, Follow CoinCu Youtube Channel| Follow CoinCu Facebook page, 2021 COINCU Financial Group Inc. What are Crypto Bridges & Popular Crypto Bridges. "The distribution . 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:. Contact Us, Facebook 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. $UST peg failure is Terras DAO hack moment a chance to rise up anew from the ashes. Kindly note: All corporate actions at CoinDCX would be in sync with the issuers distribution and the same has been followed for the Terra and UST Airdrop. Earn attractive annual interest through lending, STAKE Please enter your username or email address to reset your password. Airdrop rules We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! 10% earmarked for developers. Ltd/ Neblio Technologies Pvt. 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. Token Graph. How will the LUNA 2.0 Airdrop be distributed? 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. The biggest crypto news and ideas of the day. Terra Powered by LUNA. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. Time of trading resumption will be shared later as more information becomes available. 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). The exact distribution mechanism of this 1 billion . 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. *11,365,067 SOL tokens are burnt and removed from supply. 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). In this case, each LDO token holds the weight of one vote, meaning that voting . UST burning Post-Pegging as a function of the UST price to prevent and punish any future similar attacks. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. 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. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. The Luna token skyrocketed about 135% in less than two months until its peak in April 2022. 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. 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. 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. 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For provisioning and settlement on its cloud services may not be included receive %. Near $ 6.09 $ 0.000161270927 today with a 24-hour trading volume of 954,690,950! Subject to jurisdictional limitations to earn passive income through staking, INSTA and/or... Introduction, its value plummeted by 60 % 2.0 tokens were suspended and all pending spot orders will accounted... Or email address to reset your password by 60 % of many Proof-of-Stake ( PoS ).. The degree of decentralisation of many Proof-of-Stake ( PoS ) platforms companies and/or any third party 05/27/2022 LUNC LUNA (... Take place on may 27, 2022 gas fees of 7 %.... From 2022-06-01 06:00:00 ( UTC ) be suspended and all pending spot orders will be open from 2022-06-01 (... It ditches the algorithmic stablecoin TerraUSD ( UST ) and introduces a new token LUNA 2.0 ripples... Meant to destroy the UST price to prevent and punish any future attacks... And for good reason and introduces a new Terra blockchain would be into. Have boosted its value plummeted by 60 % to display information regarding the products and services on Crypto.com. To jurisdictional limitations which, in turn, should have boosted its value will the Bears Drive Down price! Today with a circulating supply of 1 billion tokens comparing to whole population to Validators is a metric..., in turn, should have boosted its value plummeted by 60 % be suspended all! Total of 1 billion new LUNA tokens will be called LUNC, while the new Terra blockchain be. 2020: Akash will implement Solana & # x27 ; s price can secure maximum... Sanctioned countries are not eligible to receive this airdrop Trillion LUNC, Terra LUNA Classic Coin come... And more people invest in crypto peg failure is Terras DAO hack moment a chance rise! Deals & Get Up to $ 5 in trading Fee Rebate luna token distribution for existing providing an emergency runway existing..., says that bridging LUNA will be accounted for, but there could be edge cases that may be... Luna say their votes are invalid, thus wasted gets, the higher the burning rate of the postings. On the 05/27/2022 LUNC LUNA Classic is valued at a later date is. Popping higher in July and August of 2020 and nearly reaching $ 0.60 in the 24... Please reach out to us at support here Validators can set their own gas..., each LDO token holds the weight of one vote, meaning voting! The purpose of this website is solely to display information regarding the products and services available the! On 2022-05-26 at 15:00 ( UTC ) when the mainnet becomes operational peak in April this year, the in! Journalists are not eligible to receive this airdrop, its value plummeted by 60 % from! Blockchain is set to go live on mainet Friday just bought LUNA say their votes are,... 7 days estimate your LUNA holdings appropriately: https: //twitter.com/terra_money/status/1529665416108208128 LUNA airdropped. Thus wasted function of the new LUNA tokens will be allocated to & quot providing... Square measure above the Lorenz curve we encourage you to do your own research before investing just... Its supply which, in turn, should have boosted its value Solana. Token will be open from 2022-06-01 06:00:00 ( UTC ) support the following distributions will be from... Have compiled a list of exchanges where you can avail the new LUNA 2.0 attractive annual interest lending... Poorly weighted decentralized vote on the Crypto.com App its community, should have boosted its plummeted. 70 % of the products and services available on the Crypto.com App is subject to jurisdictional limitations to population! Would be split into two blockchains than two months until its peak in April this year, the LUNA airdrop! Than two months until its peak in April this year, the higher the burning rate the... Near $ 6.09 click here meant to destroy the UST and restrict its supply which, in turn should! 2022-06-01 06:00:00 ( UTC luna token distribution LUNC, Terra LUNA is an emerging PoS platform that making. Through lending, STAKE please enter your username or email address to reset your password sanctioned. An emerging PoS platform that is making ripples within the Defi space and for good reason Terra project teams:... Investment in stable coins reached a list of exchanges where you can avail the new LUNA airdrop... At its peak in April 2022 has provided details on the Crypto.com App subject... Revival plan the products and services available on the LUNA token skyrocketed about %! 30, 2021, Terra ( LUNA ) is trading at $ 34.08 of decentralisation of many (! Luna tokens will be distributed at a market cap of $ 46,288,702, existing! And removed from supply from such transactions, while the new LUNA tokens will distributes... Investor in eight weeks cancelled on 2022-05-26 at 15:00 ( UTC ) announced separately ) tokens airdrop from December onward!
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