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. One Luna holder argued the idea of destroying supply of the cryptocurrency to a similar plan by investors in the Shiba Inu meme coin. At the time of writing, luna 2 was trading at $8.18, with a self . 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. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! LinkedIn 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. For the most uneven distribution, it is 1. 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. 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. Fastest FIAT On Ramp Off Ramp Product. Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! 1. A total of 1 billion new Luna 2.0 tokens were . 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. Instagram What you are going to read here is first part of the proposal. Show Off Your Crypto Knowledge With Binance Word of the Day! Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. Terra 2.0 is nearly here. News and analysis for the professional investor. Careers Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. Several exchanges supported the airdrop of the new token over the weekend, with KuCoin and ByBit being the first to list it. 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The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? . In 2030, LUNA's price is predicted to surpass $17.96. For all staking solutions, the Lido DAO distributes governing rights via its native LDO crypto asset. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Anything else smells like financial fraud. Pre-depeg LUNA holders airdrop: 35%. Its the percentage of the total capital for distribution, divided by the number in circulation. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development, Press J to jump to the feed. Minting $100 . [] I did like that you thought through the market pressure angle for controlling high volume transactions. A new Terra blockchain is set to go live on mainet Friday. Next, create a Terra account by running the following command: terrad keys add < account_name >. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to . 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. - from June 2023 onward, monthly distribution over 48 months. new LUNA Tokens will be distributes based on various criteria. 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.. The latest moves in crypto markets, in context. Pre-attack aUST holders - 10%. Create an account to follow your favorite communities and start taking part in conversations. I believe this is the only way that people will truly see a recovery of LUNA and UST. A billion new Luna tokens will be airdropped to stakers and developers if approved. It will become the choice of users if they are ok taking a higher risk for the higher return. 1% Essential Developers emergency allocation. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. The biggest crypto news and ideas of the day. Contact Us, Facebook About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. 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. 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. Held or staked 1,000,000 LUNA or more: UST or LUNA on Terra protocols that cannot be easily identified. 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. Airdrop rules To understand the calculations behind each segmented distribution, here are the methods: SUM(MIN(users aUST balance, 500k)) TFL wallets UST Supply, aUST allocation / Eligible Pre-attack aUST Supply, LUNA allocation / Eligible Pre-attack LUNC Supply, LUNA allocation / Eligible Post-attack LUNC Supply, LUNA allocation / Eligible Post-attack UST Supply. Users with bridged UST or LUNA who would like to be included in the Post-Attack snapshot need to bridge back to Terra before the snapshot is taken. 2. 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). Pre-crash UST holders will receive 10% of the new tokens. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, Binance's Custody Arm Ceffu Will Apply For Singapore License: Report, BridgeTower Capital to Onramp Lido, Offers Security Token For Avalanches Staking Rewards, First Mover Asia: ConsenSys Chief Cryptoeconomist Sees Little Drama Ahead for Bitcoin, Hosts of Bankless Podcast Raising $35M Crypto Venture Fund: Sources. DISCLAIMER:The Information on this website is provided as general market commentary and does not constitute investment advice. 0xb09d6f2004912a1. For further information about the new Terra (LUNA) Airdrop Program, please refer to: Before Moving to what is Terra 2.0? 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. Press question mark to learn the rest of the keyboard shortcuts. Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. Trading with a near limitless order book. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. Additional Read: Terra Luna Price Crash Explained. How will the LUNA 2.0 Airdrop be distributed? . Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.. Your weekly wrap of Web3 news and trends. Trading, deposits and withdrawals will be enabled at the same time.. - 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. The current chain and the new chain would exist at the same time but operate differently. Around 14/15 tokens per million post . 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. It's the percentage of the total capital for distribution, divided by the number in circulation. No lockup. Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of Luna. Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Convert Ltd. 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. Referral Program, Margin I wish the best for everyone here.. In addition, the LUNA token's price can secure a maximum of $4.67. Copyright 2018 - 2023 Crypto.com. All bonded / unbonding Luna, minus TFL at Pre-attack snapshot; staking derivatives included, For wallets with < 10k Luna: 30% unlocked at genesis; 70% vested over 2 years with 6mnth cliff, 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, 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff, Pre-attack aUST holders will be receiving, Post-attack UST holders will be receiving. Address: Road Town, Tortola, British Virgin Islands. LUNA) to all eligible users based on Terra project teams. 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. * 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. New LUNA (LUNA2) Airdrop. https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. This is by far the best idea Ive come across [] there is absolutely no point in having an ecosystem where you k ill your hero product. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. All rights reserved. The ticker for the UST (old) token will be renamed as USTC. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. The crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. 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. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. LUNA2 will be listed for Limit Order trading on CoinSwitch. Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto in one place. Controlled by staked governance. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Then you everyone made amazing contribution to the proposalIve done what I could and never expected such a big reach. LUNA that has not yet been vested can be removed at any time. It is not intended to offer access to any of such products and services. 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. CoinDesk journalists are not allowed to purchase stock outright in DCG. Follow. 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. Email us: [emailprotected]. 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