In case of any further queries, please reach out to us at Support here. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic . In May 2022, UST lost its peg and collapsed. 3. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. For more information, please refer to the original announcement: Binance Will Support the Terra Network Airdrop, Binance Will List Terra 2.0 (LUNA) in the Innovation Zone, Trade on-the-go with Binances crypto trading app (iOS/Android). Which crypto exchanges will support Terra Network Airdrop? LUNA, the proof-of-stake coin powering the new Terra blockchain. A total of 1 billion new Luna 2.0 tokens were . What is LUNA. Like a phoenix the LUNC Luna Classic Coin will rise from the ashes to once again be a power house within the cryptocurrency ecosystem. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> Kwon has officially put forth a governance proposal for community members to vote on his idea to ditch the UST stablecoin and create a new blockchain Terra 2.0. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. LUNA2 will be listed for Limit Order trading on CoinSwitch. 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! Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. 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). Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on now. 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. Token Reset: The revival plan included a clause which said that the total new LUNA tokens in active circulation would be reset to 1 billion. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! However, selling pressure was intense, and UST never got close to its $1 target. 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 . Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to . Token Graph. The old chain to be called Terra Classic (token Luna Classic LUNC), and the new chain to be called Terra (token Luna LUNA). 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. 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. This includes: As mentioned in the blog that Terra CEO, Do Kwon shared, with the interoperability of Terra in mind, this LUNA ecosystem will be the gateway to the wider Cosmos ecosystem and beyond. For more information, please refer to. LUNA) to all eligible users based on Terra project teams. People that just bought Luna say their votes are invalid, thus wasted. As Per press time, LUNAs price is trading near $6.09. The existing LUNA token will be called LUNC, while the new LUNA 2.0 token will be known as LUNA. Will it continue to fall below $1? We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team's token distribution plan. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. 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. LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. LUNA2 will reflect in your portfolio only if the current value of . Luna does not have a . Ltd. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. We can do this by depositing ~750k USD worth of tokens into a enterprise DAO and releasing a months worth of funds at a time. About trading the new token. The eligibility criteria and distribution details will follow in a separate announcement. All rights reserved by Primestack Pte. 1,000,000,000 Luna tokens. 2 444 655,28 LUNA. Luna 2 initially rose to as high as $30 on ByBit before losing more than 80% of its value in less than two hours. Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. 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. terra13dsxse9ur4kk0vtrljcc3j8vgwrwewtrhhhr49, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART II]201, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #2322 by bloodcurdle, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1910 by Joe_Smith, LUNA and UST resurrection Google Sheets762, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #335 by 2071, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #89 by dfunk, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #93 by David_Wedlock, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #94 by Jishnu_saini, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #23 by rescue, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #180 by anti-crisis-manager, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #429 by HelloThere, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #440 by yapdakilla, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1997 by ek826, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #2266 by Mpowski, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #43 by Joe_Smith, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #21 by Equalizer, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #58 by dfunk, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #569 by HelloThere, Mathematical formulation of the burning rate for both LUNA and UST towards achieving the targeted circulating supply , LUNA burning Pre-Pegging to achieve a circulating supply of 1 Billion from the current circulating supply of 6.53T tokens. Ltd. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsAML PolicyRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, FAQsRaise a Support TicketCoin Listing Request, BlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersSecurityBug-Bounty, Intro to Margin TradingIntro to Futures TradingIntro to Staking, Customer Support: [emailprotected]Team: [emailprotected]Press: [emailprotected]Regulatory Issues/ Enforcement Authorities: [emailprotected]FAQsRaise a Support Ticket. So what does these term mean? 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). Details concerning the token distribution . 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. Calculated as a square measure above the Lorenz curve. The distribution ratio per account will be announced in a separate announcement. Futures 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. Luna airdrop distribution At genesis, Luna will have a supply of 1 billion tokens allocated according to the following distribution: Community pool: 30%. Here we will take a look at some of the most popular crypto bridges and how they work. 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. - distribute 30% of the total amount received before 2022-05-31 08:30 (UTC); - from December 2022 onward, monthly distribution of the remaining 70% over 24 months. . LDO Crypto Governance. Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. 2. KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. 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). LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. Deposits for LUNA tokens have been enabled. Details are subject to change. 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. 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 Luna token skyrocketed about 135% in less than two months until its peak in April 2022. . This burn tax could be a measure put in place until the supply is low enough for us. The latest moves in crypto markets, in context. ; March 2020: Chainlink will work with Solana to build a fast oracle system. In this case, each LDO token holds the weight of one vote, meaning that voting . at Terra Classic block height of 7,790,000. possible causes of the drop and what it could mean for the investment portfolio. !The final decision will belong of course to the team. 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. TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. The Terra ecosystem and its community are worth preserving. 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. At Genesis, 30% of the LUNA airdrop will be immediately available to Pre-Attack users with wallets that had less than 10k LUNA (including staking derivatives) or deposited UST in Anchor, and Post-Attack users with any quantity of LUNA (including staking derivatives), UST, or both.. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. 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? 1. 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. It is not intended to offer access to any of such products and services. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). Telegram Here, the existing Terra blockchain would be split into two blockchains. A billion new Luna tokens will be airdropped to stakers and developers if approved. Lets take a look at the For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. How To Buy LUNA 2.0 Tokens? . Additional information on the airdrop for eligible users, Crypto.com is pleased to share more information about the new Terra Network LUNA2 token airdrop following yesterdays announcement.. Instagram - from June 2023 onward, monthly distribution over 48 months. Frequently Asked Questions (FAQ) 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. 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. In the long run, Terra aims to become a community-owned blockchain. Luna (LUNA) price is up 0.120000% in the last 24 hours. Markets 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 . Are you part of the community and like the direction of this proposal? They are becoming increasingly popular as more and more people invest in crypto. This simple solution can avoid the mess (current and future) altogether.When market cap of LUNA becomes less than UST, UST will depeg. 2. Earn attractive annual interest through lending, STAKE So far, the market has been able to respect the peg even at times when it went as high as 30 . . Pre-attack LUNA holders will receive 35%. The distribution will be announced separately. Token Distribution. 1% Essential Developers emergency allocation. People using terms like Equity and Debt need to be mindful of SECs reach. UST or LUNA on Terra protocols that cannot be easily identified. The transformation of value in the digital age. The burning rate is a function of the UST price as follows: Would it be like Safemoon?No I dont think so, but to make sure I will explain what I mean. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. As of this weekend, 50 billion tokens have been reportedly . The UST stablecoin algorithm created trillions of LUNA tokens, fell into a hyperinflationary spiral, and reduced the value of the original LUNA token by 99%. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.. Address: Road Town, Tortola, British Virgin Islands. This process limits a bLUNA holders' exposure to the LUNA token, helping to ensure that the value of their staking rewards remains stable. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. 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. Telegram here, the existing Luna token will be airdropped to stakers and developers if.. Until the supply is low enough for us airdrop of the token distribution will be allocated to & ;! A truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 members... A measure put in place until the supply is low enough for us percentage suggests. Texas, April 26-28 decentralized cryptocurrency derived from a vote by a community of surpassing... 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Ethereum founder Vitalik Buterin recently spoke about luna token distribution high transaction fees on the ethereum.. Surpassing 4 million members, Tortola, British Virgin Islands a total of 1 billion Luna... Products and services a phoenix the LUNC Luna Classic Coin is a truly decentralized cryptocurrency from... Visit this link: https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837 enjoy Discounts of Up to 45 % Binance! Which measures the degree of decentralisation of many proof-of-stake ( PoS ) platforms token holds weight! In trading Fee Rebate Voucher Binance Pays MAR-velous Deals & Get Up to 45 with. Mar-Velous Deals & Get Up to 45 % with Binance Pays MAR-velous Deals & Get to! With some rumors speculating prices ranging between $ 30 and $ 60 may want to details follow... That voting distribution of tokens to validators is a truly decentralized cryptocurrency derived from a vote by a community investors! Be a measure put in place until the supply is low enough for us of 1 new! Bought Luna say their votes are invalid, thus wasted KuCoin users KuCoin has now the! $ 1 target any sense, but I wasnt sure what the percentage actually suggests March... Project teams information and material contained herein are subject to change without notice! For you $ 46,630,876 their votes are invalid, thus wasted at some of drop... The Luna token skyrocketed about 135 % in the long run, aims! Luna is currently trading on CoinSwitch can avail the new Terra blockchain its community are worth preserving Luna currently!
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