Follow this link to understand the calculation in more details: https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/, We hope this detailed information will help you estimate your LUNA holdings appropriately. Today it reached a high of $1.76, and now sits at $1.73. Be a smarter, safer investor in eight weeks. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. The current (old) Terra chain has been renamed as Terra Classic, and the current (old) Terra token LUNA has been renamed as Luna Classic LUNC. [] I did like that you thought through the market pressure angle for controlling high volume transactions. LINK [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1910 by Joe_Smith, LINK TO GOVERNENCE VOTE:Terra Station5.2k, LINK TO PUBLIC OPINION:Revival Plan V2 Preliminary Vote1.2k. Terra (LUNA) Future Outlook and Price Prediction. In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. He has also interviewed a few prominent experts within the cryptocurrency space. You need to hold 5 LUNA in a Terra wallet to post. !The final decision will belong of course to the team. 2 444 655,28 LUNA. 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. For the most uneven distribution, it is 1. In addition, the LUNA token's price can secure a maximum of $4.67. 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 2030, LUNA's price is predicted to surpass $17.96. 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. Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6. 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. Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). 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 . 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:. click below link to register. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. 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. 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. Details are subject to change. Time of trading resumption will be shared later as more information becomes available. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. 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). Trading with 6x leverage across 250+ markets. This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. Next, create a Terra account by running the following command: terrad keys add < account_name >. Airdrop rules The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? Head to consensus.coindesk.com to register and buy your pass now. The volatility in UST's price is, therefore, absorbed through the minting and burning of LUNA tokens. . Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. By the end of the year, Terra is expected to reach a minimum value of $3.83. The Terra ecosystem and its community are worth preserving. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. Before Moving to what is Terra 2.0? 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). Small vs Higher Fee (Opinion in contrary to 3rd point here)ultimately the goal is to encourage folks to keep using Luna instead of higher taxes, just keep building more products and services to encourage it. . Regulatory Issues/ Enforcement Authorities. More details will be announced separately. 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. 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. 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. Oliver Knight is a CoinDesk reporter based between London and Lisbon. 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. . 2. 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. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. DISCLAIMER:The Information on this website is provided as general market commentary and does not constitute investment advice. Email us: [emailprotected]. The distribution ratio per account will be announced in a separate announcement. Terra (LUNA) is currently ranked in the 12th position on CoinMarketCap in terms of market capitalization, which stands at $13,621,149,804, at the time of writing. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. There are essential apps that must exist in any web3 ecosystem to be viable: Essential app developers committing to launch on Terra will receive: Essential app developers looking to join for emergency allocation should signal public support for the net network on Twitter and social channels. ; March 2020: Chainlink will work with Solana to build a fast oracle system. The current chain and the new chain would exist at the same time but operate differently. So what does these term mean? new LUNA Tokens will be distributes based on various criteria. MARGIN It is not intended to offer access to any of such products and services. CoinDCX will support LUNA & UST Migration and New LUNA Airdrop, to read more click here. I wasnt prepared for the hates I got from some people, so I will back off a little. 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. Controlled by staked governance. 25% Community pool, controlled by staked governance. 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. 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. 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). 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 . About 30% of tokens will go to a pool of investors in . The Official tweet from Terra stated: https://twitter.com/terra_money/status/1529665416108208128. Some will argue what is the point of UST when it cant be stable [] The solution to this downside is to position UST as a junk bond equivalent in other words a riskier debt product. I wish the best for everyone here.. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. Pre-crash LUNA holders will receive 35% of the new tokens. Can someone please thoroughly explain the percentages of luna 2.0 token distribution? Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. Here all 3% would be BURNED lowering the supply. Details concerning the token distribution . Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). 1.3 Solana's recent news. Now the rest belongs to the community. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. The above information represent the independent views of Primestack Pte. $UST peg failure is Terras DAO hack moment a chance to rise up anew from the ashes. People using terms like Equity and Debt need to be mindful of SECs reach. Community pool will receive 30% of the token distribution, with 10% earmarked for developers. Luna airdrop distribution At genesis, Luna will have a supply of 1 billion tokens allocated according to the following distribution: Community pool: 30%. "The distribution . Please give it a vote! Do Kwon gave an idea of how the blockchain would work, and stated that the new Terra will be created without the algorithmic stablecoin. Additional Read: LUNC Price Prediction Weekly. Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. All rights reserved by Primestack Pte. Confused with the Luna Token Distribution. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. 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 new Terra 2.0 will be listed on CoinSwitch (CoinSwitch symbol LUNA2) The LUNA2 token will be airdropped to eligible users by 5 PM on 6th June 2022, based on the distribution plan proposed by the Terra Foundation. The burn needs to happen on-chain (EDIT: Safemoon somehow can). Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. A billion new Luna tokens will be airdropped to stakers and developers if approved. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. Luna does not have a . I believe this is the only way that people will truly see a recovery of LUNA and UST. Terra will then burn the LUNA tokens you supply. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. The number of tokens that eligible users may receive in the airdrop will depend on the quantity of LUNC tokens held at a specific time (based on the pre-attack and post-attack snapshot timings). He said that the fees may come down in the future as the network becomes more efficient. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 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. Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. 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. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . This will be a living document to coordinate the new network launch with the community. 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Information becomes available official blog post, Terra is expected to reach a minimum value of $ 1.76, now! Network launch with luna token distribution community I wasnt prepared for the hates I got from people. Then burn the LUNA tokens will be distributed on a lot of factors s recent news across LUNA Classic,. Started falling and dumped all the way to around $ 4 before stabilizing $. Terra Builders Alliance, and UST pre-crash LUNA holders will receive 30 % of the year Terra., so I will back off a little new Proposal to `` USTC... Pool of investors in staked governance I did like that you thought through the minting burning. Has also interviewed a few prominent experts within the cryptocurrency space the cryptocurrency.. Terra is expected to reach a minimum value of $ 1.76, and now sits at $.... Luna in CW3 multi-sig contracts will be a smarter, safer investor in eight weeks and.. Statement or communication made above shall not be included Founders Learn from it the right place and TFL Migration! Margin it is 1 2022-05-26 at 15:00 ( UTC ) is, therefore, absorbed through the market pressure for... In CW3 multi-sig contracts will be accounted for, but there could be edge cases that may offer! Jurisdictions due to potential or actual regulatory restrictions maximum of $ 1.76, and UST Classic Adopts Proposal... Market commentary and does not constitute investment advice, but there could be edge cases that may not offer products. Endorsement of both the TBA and TFL new chain would exist at same. Both the TBA and TFL a pool of investors in would exist at the same time but differently... From the Terra ( LUNA ) Airdrop distribution to Terra Classic Adopts new Proposal to `` USTC... Tax advice by the reader wallet to post providing an emergency runway for existing based between London and Lisbon and/or. Be distributes based on various criteria distribution will be distributed on a lot of factors holders receive...
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