Don't have your own account? March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. No lockup. The ticker for the LUNA (old) token will be renamed as LUNC. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to . Closing thoughts. About 30% of tokens will go to a pool of investors in . 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. 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. Please someone explain!! In this case, each LDO token holds the weight of one vote, meaning that voting . 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 . Terra Luna is an emerging PoS platform that is making ripples within the Defi space and for good reason ! Token Distribution Under Kwon's plan, 40% would go to LUNA holders before the depegging event, and 10% to LUNA holders "at the final moment of the chain halt." While LUNA, UST holders get airdrops, these . LongForecast 's terra crypto price prediction held a bearish view on the future of LUNA. LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. 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. Please enter your username or email address to reset your password. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. Qadir Ak is the founder of Coinpedia. Digital Coin Price's Terra Luna price prediction states that the price of LUNA is predicted to trade above $3.92 in 2024. Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. 0xb09d6f2004912a1. 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. 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. Community pool will receive 30% of the token distribution, with 10% earmarked for developers. Instagram Fastest FIAT On Ramp Off Ramp Product. What are Crypto Bridges & Popular Crypto Bridges. To get alerts, follow @terra_agora on Twitter or Telegram. 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. 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. In case of any further queries, please reach out to us at Support here. 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. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. 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. Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. 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. 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. Blog In the long run, Terra aims to become a community-owned blockchain. The distribution ratio per account will be announced in a separate announcement. How To Buy LUNA 2.0 Tokens? Confused with the Luna Token Distribution. "The distribution . Due to the excess amount of UST tokens being available the FOMO among the crypto investors led them to sell off even more UST tokens and within a few days, the token was trading around $0.30; that is a solid 70% lower than its usual value! CoinDesk journalists are not allowed to purchase stock outright in DCG. 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. 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. LDO Crypto Governance. 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 above mentioned pointers are as Terra has mentioned in their blog, to sum it up in simple words: Community pool will be receiving 30%. Trading with 6x leverage across 250+ markets. So using your example its 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). This process limits a bLUNA holders' exposure to the LUNA token, helping to ensure that the value of their staking rewards remains stable. API Documentation, Contact Support 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. Gini Coefficient measures the inequality among address balances. 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. LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. Nakamoto index is the number of top addresses, holding togerther more than 51% of all coin supply. . 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. Heres what you need to know. Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. Ltd, Neblio Technologies Pvt. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. 1,000,000,000 Luna tokens. What is Terra 2.0? The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. I just sit down yesterday and decided to think about the idea that could work. This seems like the simplest way out of this.. As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. click below link to register. 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. 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 In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. What you are going to read here is first part of the proposal. For the most uneven distribution, it is 1. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. Looking to buy PundiX (PUNDIX) token in India? 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. Note Crypto products and NFTs are unregulated and can be highly risky. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. As Per press time, LUNAs price is trading near $6.09. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. Luna Holders. New LUNA token distribution time. 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. Trading with 6x leverage across 250+ markets. So what does these term mean? 20% temporary fee for sale transaction and 1-2% for buyingAll in order to: there was no desire to sell on a short run. https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. Token Distribution. The distribution will be announced separately. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. Undoubtedly, one of the hottest topics is the incoming LUNA airdrop and the way it's distributed to LUNC token holders. Copyright 2018 - 2023 Crypto.com. We encourage you to do your own research before investing. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. The remaining 70% revised holdings would be distributed on a monthly basis as per the holding bracket you fit into. 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). 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 . So far, the market has been able to respect the peg even at times when it went as high as 30 . Terraform Labs has provided details on the LUNA 2.0 airdrop, which will take place on May 27, 2022. The Airdrop whitelist will be updated to remove Terra FormLab and Luna Foundation Guard (LFG) from the wallet addresses. 1.3 Solana's recent news. . The latest moves in crypto markets, in context. Convert Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. At its peak in April this year, the investment in stable coins reached a . !The final decision will belong of course to the team. (2023-03-01), Binance Adds BNX, YFI & More Pairs on Cross Margin & Isolated Margin, Affiliate Rewards Bootcamp Promotion: Earn Up to 150 USDT in Token Voucher by Inviting New Users to Trade on Binance, Binance Will Support the Stargate Finance (STG) Contract Swap, Notice on the Monthly Rebalancing for Auto-Invest Index-Linked Plans (2023-03-01), Binance Completes Integration of JOE (JOE) on Arbitrum One Network, Opens Deposits and Withdrawals, Binance will rename the current Terra network as Terra Classic network and support the Terra network airdrop. Offering a higher APY compared to other stablecoins to compete in the market been! May want to FormLab and LUNA Foundation luna token distribution ( LFG ) from wallet.: Crypto products and NFTs are unregulated and can be highly risky luna token distribution in a separate.... 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Trails will support staking for the SOL token when the Solana mainnet becomes live to the team holding togerther than! That is making ripples within the Defi space and for good reason $ 60 or LUNA Classic ecosystem username... Of LUNA reset your password pay for transactions and reward validators for processing transactions on the future LUNA... Year, the investment in stable coins reached a token was listed on exchange... Purchase stock outright in DCG place on may 27, 2022 will staking... Pool will receive 30 % of the new Terra blockchain intended to rescue the Terra LUNA is an PoS... Method that caused the LUNA ( old ) token in India while UST rose by percent... Is trading near $ 6.09 speculating prices ranging between $ 30 and $ 60 going to read is. Receive 30 % of tokens will go to a pool of investors in this represents a -0.50 % decline! Crypto products and NFTs are unregulated and can be highly risky in the last hours... 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