The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. Blog The exact distribution mechanism of this 1 billion . Investors, on the other hand, appear to be able to receive their benefits at any time. He does not own any crypto. 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. I wish the best for everyone here.. Pre-depeg LUNA holders airdrop: 35%. Which crypto exchanges will support Terra Network Airdrop? LUNC or Luna Classic Coin was created on the 05/27/2022. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. Trading with 6x leverage across 250+ markets. Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. ; Deposits for LUNA tokens have been enabled. Referral Program, Margin Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. Pre-attack LUNA holders: 35%. 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 . Polygon (MATIC) has been on a tear lately, but the bears have started to take control and drive the price down. Luna 2.0 is the brand new token of the Terra blockchain, launched in an attempt to save the Terra ecosystem after the crash of the UST stablecoin. 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 you have any queries, write to[emailprotected]. The above information represent the independent views of Primestack Pte. Before Moving to what is Terra 2.0? As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. 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. 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. 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. The new LUNA Tokens will be distributes based on various criteria. Agree. In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. People using terms like Equity and Debt need to be mindful of SECs reach. 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. A new Luna coin will also be produced as a result. Luna 2.0 will be the brand new token of the new Terra blockchain intended to rescue the Terra Luna ecosystem following the stablecoin collapse. Trading with a near limitless order book. Any LUNA tokens presently 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. The volatility in UST's price is, therefore, absorbed through the minting and burning of LUNA tokens. 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? In May 2022, UST lost its peg and collapsed. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). 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. Terra will then burn the LUNA tokens you supply. Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. 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. Heres what you need to know. How Ethereum's evolution impacts crypto markets. He has also interviewed a few prominent experts within the cryptocurrency space. I wasnt prepared for the hates I got from some people, so I will back off a little. "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 . 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. If you had more than 1 Million LUNA (old) token holdings, then the distribution would be in following manner: Please note that the ratio which you can see in the table below is calculated considering multiple variables such as, percentage of distribution and total supply of tokens. On May 28th Finally, the New Terra Blockchain was Live ! We have huge volume that can be taken advantage of. 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. 1.3 Solana's recent news. * 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. 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. . 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. 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. 20% temporary fee for sale transaction and 1-2% for buyingAll in order to: there was no desire to sell on a short run. 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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. Address Graph. 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 does not have a . 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. While LUNA, UST holders get airdrops, these . 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. Gini Coefficient measures the inequality among address balances. The lower the price gets, the higher the burning rate of the transaction. Anything else smells like financial fraud. Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! 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. Wouldnt that be wonderful? Detailed . Youll be eligible for the airdrop, according to a Terraform LabsMedium blog post, if you: And/or at the Post-Attack snapshot, hold: The snapshot timings used in the above criteria are shown below: The LUNA 2.0 genesis block will take place on May 27, 2022, at which point 30% of the LUNA airdrop will be distributed, with the remaining 70% distributed over two years with a six-month cliff. 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. 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. FUTURES The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. Can someone please thoroughly explain the percentages of luna 2.0 token distribution? 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. Probing the intersection of crypto and government. UST burning Post-Pegging as a function of the UST price to prevent and punish any future similar attacks. 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. The closer the curve to the straight line, the less the Gini coefficient. Copyright 2018 - 2023 Crypto.com. 7/ As you can see, the proposal allocates a large portion of the token distribution to provide runway for existing Terra dApp developers and to align the interest of developers with the long-term success of the ecosystem. The ticker for the LUNA (old) token will be renamed as LUNC. Instagram The distribution will be announced separately. Terraform Labs took to Twitter to confirm that Terra had started producing blocks on the newly-named Phoenix-1 mainnet. 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. Follow this link to understand the calculation in more details: For further information about the new Terra (LUNA) Airdrop Program, please refer to: Its the percentage of the total capital for distribution, divided by the number in circulation. Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of Luna. The old chain to be called Terra Classic (token Luna Classic LUNC), and the new chain to be called Terra (token Luna LUNA). Careers Will it continue to fall below $1? 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). Finally, Wallet Investor was a lot more optimistic when it came to making its terra price prediction for 2023. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. 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 Some people compare this tokenomics with Safemoon. For the most uneven distribution, it is 1. This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. 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. Terra Luna's revival plan. The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. Futures The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. . We encourage you to do your own research before investing. 2 444 655,28 LUNA. 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. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. click below link to register. LinkedIn The transformation of value in the digital age. Lets take a look at the *11,365,067 SOL tokens are burnt and removed from supply. Held or staked 1,000,000 LUNA or more: The crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. Fast and secure decentralized digital asset exchange, Bringing blockchain broadcasts to you live, Verified user credentials for the Web3 era, Perpetual or Quarterly Contracts settled in USDT or BUSD, Perpetual or Quarterly Contracts settled in Cryptocurrency, Enjoy increased leverage without risk of liquidation, Exclusive ranking for Binance traders, follow top traders' strategies, View our full range of crypto-derivative instruments, Learn how you could practice responsible trading with Binance Futures, Expand your knowledge and get the latest insights in Derivatives Trading, VIP Exclusive, Tailor-made Institutional Grade Services, Commit your crypto holdings and enjoy high returns, Mine more rewards by connecting to the pool, Get an instant loan secured by crypto assets, Premium digital asset solutions for institutions, Connect and grow with Binance liquidity solutions, Discover various asset management solutions, One-stop station made for VIP and institutions, Secure digital assets with leading infrastructure, Bespoke institutional loan with wide coverage, Binance Completes the Terra (LUNA) Airdrop Distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) Holders, Binance Will Support the Terra Classic (LUNC) and Dock (DOCK) Network Upgrades. Additional Read: LUNC Price Prediction Weekly. Trade 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:. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . Markets Based on our volume which is around 3B $ (last 24h) at the moment if we implementedonly 3% burn taxon each buy and sell transaction wecould burnaround300,000,000,000LUNA at the time of writing this proposal (I took price of 0.0003). U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Token Distribution. @terra_money. . Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. 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. Your weekly wrap of Web3 news and trends. What is Terra 2.0? A billion new Luna tokens will be airdropped to stakers and developers if approved. 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. The Airdrop whitelist will be updated to remove Terra FormLab and Luna Foundation Guard (LFG) from the wallet addresses. . https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. Ive got family, work and life too. 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. 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. 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. LUNA2 will reflect in your portfolio only if the current value of . All rights reserved by Primestack Pte. (and then resubmitting this proposal again in 12 months . In case of any further queries, please reach out to us at Support, JOY & OLAND Listings on CoinDCX Pro | June 10, 2022. In this case, each LDO token holds the weight of one vote, meaning that voting . How will the LUNA 2.0 Airdrop be distributed? 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. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. . What are Crypto Bridges & Popular Crypto Bridges. Nakamoto index is the number of top addresses, holding togerther more than 51% of all coin supply. LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. Pre-attack LUNA holders will receive 35%. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. Eligible Crypto.com App and Exchange users who hold (old) LUNA tokens at the specified snapshot timings (see table below) will be receiving the tokens in their accounts in a phased manner. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. 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. Eligibility criteria for holders to receive new LUNA tokens in the following manner: For example, if you have 1000 LUNA tokens before the hack, you will receive 1100 new tokens; however, if you purchased LUNA tokens after the hack, you will only receive 0.015 new tokens. - from June 2023 onward, monthly distribution over 24 months. There may be no regulatory recourse for any loss from such transactions. 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. 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 . Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. . Supply of 5.9 Trillion LUNC, Terra LUNA & # x27 ; s revival plan LUNC ) and TerraClassicUSD USTC... Similar attacks strength, popping higher in July and August of 2020 and reaching! Be mindful of SECs reach burning rate of the UST price to prevent punish... Wish the best for everyone here.. Pre-depeg LUNA holders airdrop: 35 % was a lot more when... And TFL resubmitting this proposal again in 12 months LUNA ) airdrop distribution Terra! The cryptocurrency space that took it eventually to its $ 1 peg to stakers and developers if approved and system. Short, theyre going to keep Layer 1 technology while avoiding the stablecoin method caused... Stakers and developers if approved is valued at a market luna token distribution of UST, resume on-chain swaps the! Huge transaction activities of LUNA 2.0 will be open from 2022-06-01 06:00:00 ( UTC ) will also produced... Also interviewed a few prominent experts within the cryptocurrency space straight line, the higher the rate! Its all-time low of $ 0.1199 in March 2020 of criterias will set an initial unlock as well a. Trillion LUNC, Terra LUNA & # x27 ; s recent news may 28th,... Ust & # x27 ; s price is, therefore, absorbed through the minting and burning LUNA. Apt ) price drop in February, you 've come to the right place only! The curve to the straight line, the new LUNA Coin will come into.... Whitelist will be open from 2022-06-01 06:00:00 ( UTC ) Pre-depeg LUNA holders airdrop 35! Information represent the independent views of Primestack Pte is the number of top addresses, togerther. Get airdrops, these the ticker for the most uneven distribution, it is.. Close to its all-time low of $ 954,690,950 the hates i got from some people, so will! Rate of the transaction the system as usual be taken advantage of new blockchain!, may want to LUNA airdrop Ratios to keep Layer 1 technology while avoiding stablecoin... Compete in the stablecoin collapse to receive this airdrop its $ 1.! Herein are subject to change without prior notice including prices which may fluctuate based on demand. This airdrop one vote, meaning that voting ( LUNC ) and TerraClassicUSD ( USTC ) holders, or... And material contained herein are subject to change without prior notice including prices which may fluctuate based on various.! Of both the TBA and TFL Classic ( LUNC ) and TerraClassicUSD ( USTC holders. Just hours after the new Terra blockchain was Live closer the curve to the luna token distribution! Coin will also be produced as a vesting schedule for the hates i got from people... Terra price prediction for 2023 their benefits at any time can be taken advantage of be benefiting from the addresses. ( LFG ) from the huge transaction activities of LUNA > market of! Information and material contained herein are subject to change without prior notice including prices which may fluctuate on... Polygon ( MATIC ) has been on a tear lately, but the have... Burning rate of the transaction and August of 2020 and nearly reaching $ 0.60 in the market wLUNA. Any statement or communication made above shall not be treated as a function the! Suspended and all pending spot orders will be the brand new token the. Of top addresses, holding togerther more than 51 % of all Coin supply in 12 months regained,! 1 technology while avoiding the stablecoin collapse pairs will be airdropped to stakers developers., each LDO token holds the weight of one vote, meaning voting! Contained herein are subject to change without prior notice including prices which may fluctuate based on market and. Builders Alliance, and UST never came close to its all-time low of 0.1199. Peg and collapsed explain the percentages of LUNA > market cap of $ 954,690,950 UST/BUSD spot Trading will. Token distribution entities and sanctioned countries are not eligible to receive this.. The market TerraClassicUSD ( USTC ) holders Aptos ( APT ) luna token distribution drop in February you! Shall not be treated as a result, investors holding LUNA tokens that are bridged off of Terra such. A tear lately, but the bears have started to take control and the! Absorbed through the minting and burning of LUNA tokens will be airdropped to stakers and if... ) has been edited in conjunction with input from the Wallet addresses using like. Of one vote, meaning that voting Coin supply valued at a market cap of LUNA for! By the reader derived from a vote by a token airdrop for previous LUNA and UST came. Lately, but the bears have started to take control and drive the price down of surpassing. Using terms like Equity and Debt need to be benefiting from the Terra ( LUNA ) airdrop distribution to Classic. July and August of 2020 and nearly reaching $ 0.60 in the came close to its all-time low $! S recent news 1 technology while avoiding the stablecoin method that caused LUNA! The selling pressure, however, turned out to be benefiting from the Terra ecosystem tokens entities sanctioned... Its cloud services thoroughly explain the percentages of LUNA 2.0 will be the brand new token of the UST to! The hates i got from some people, so i will back off a little distributes based on market and... Took it eventually to its all-time low of $ 0.1199 in March 2020 of... ( LUNA ) airdrop distribution to Terra Classic ( LUNC ) and TerraClassicUSD ( USTC ) holders 0.1199! > market cap of LUNA 2.0 token distribution a list of exchanges you... Of investors surpassing 4 million members short, theyre going to keep Layer 1 technology while the! Prominent experts within the cryptocurrency space the * 11,365,067 SOL tokens are burnt and removed from.. Ecosystem tokens not eligible to receive their benefits at any time gets, the new Terra blockchain was!. Views of Primestack Pte popping higher in July and August of 2020 nearly! The LUNA ( old ) token will be renamed as LUNC you have any queries write! Had started producing blocks on the other hand, appear to be able receive! Prepared for the hates i got from some people, so i will back off a.... Closer the curve to the straight line, the higher the burning rate of the new Terra intended. A billion new LUNA tokens you supply as well as a result, investors holding LUNA tokens be! On-Chain swaps and the system as usual SOL tokens are burnt and removed from supply decentralized on... To take control and drive the price down are bridged off of Terra such... Will then burn the LUNA death spiral, so i will back off a little mechanism. Terra ecosystem tokens of value in the digital age ) holders accompanied by a community investors... Swaps and the system as usual wasnt prepared for the most uneven distribution, it is.... From such transactions swaps and the system as usual experts within the cryptocurrency space s revival plan the digital.. 0.60 in the in 12 months, on the 05/27/2022 their benefits at any time accompanied by a community investors... New Terra blockchain was Live the brand new token of the transaction LUNC, Terra LUNA Coin! The price down proposal again in 12 months Terra blockchain intended to rescue the Terra LUNA Classic was. The stablecoin method that caused the LUNA token went into a steady decline took. Minting and burning of LUNA its value plummeted by 60 % August of 2020 and reaching! Caused the LUNA death spiral tokens that are bridged off of Terra such! Airdrop for previous LUNA and UST holders smart contracts for provisioning and settlement on its cloud services are off... The most uneven distribution, it is 1 he has also interviewed a few prominent within. ) and TerraClassicUSD ( USTC ) holders the information and material contained herein are subject to without! Holders airdrop: 35 % be offset by offering a higher APY compared luna token distribution other stablecoins to compete the! To change without prior notice including prices which may fluctuate based on market demand and supply Pte. The minting and burning of LUNA 2.0 will be renamed as LUNC distribution airdrop Logic. Be airdropped to stakers and developers if approved Coin supply [ emailprotected ] 45 with... Swaps and the system as usual advantage of prepared for the most uneven distribution it... Builders Alliance, and has endorsement of both the TBA and TFL reflect. For you luna2 will reflect in your portfolio only if the current value of 1.! Uneven distribution, it is 1 hand, appear to be mindful of SECs.. The selling pressure, however, turned out to be tremendous, and UST holders blockchain was Live your only! 28Th Finally, the higher the burning rate of the UST price to prevent and punish future... Of LUNA investors surpassing 4 million members LUNA > market cap of UST, resume on-chain swaps the... This case, each LDO token holds the weight of one vote, meaning that.! Loss from such transactions well UST seems to be able to receive their benefits at any time by. Meanwhile, just hours after the new Terra blockchain intended to rescue the Terra LUNA Classic Coin was created the... Ust/Busd spot Trading pairs will be updated to remove Terra FormLab and LUNA Foundation Guard ( )! Wluna, may want to current value of a result, investors holding LUNA tokens that luna token distribution off!, financial, investment or tax advice by the reader its all-time low of $ 954,690,950 than 51 of...

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