luna token distribution
Pre-depeg LUNA holders airdrop: 35%. Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. 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. 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. Terra Luna is an emerging PoS platform that is making ripples within the Defi space and for good reason ! The Terra ecosystem and its community are worth preserving. Create an account to follow your favorite communities and start taking part in conversations. Twitter Why Does Bitcoin Layer 2 Stacks Still Have Outstanding Potential In The Future? The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. 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. Minting $100 . 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. For more information, please refer to. So far, the market has been able to respect the peg even at times when it went as high as 30 . You may obtain access to such products and services on the Crypto.com App. As Per press time, LUNAs price is trading near $6.09. In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. Then the price rallied towards the $20 level. Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA); 2. The new LUNA token will have a circulating supply of 1 billion tokens. 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. Further details are shown in the timeline below: LUNA (old) and UST (old) deposits and withdrawals will be suspended on 2022-05-26 at 14:00 (UTC). Thank you!!!! <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> LDO Crypto Governance. Over the past week, the algorithmic stablecoin UST and its sister token LUNA dropped precipitously in price, with LUNA going from $100 in April to a jaw-dropping price of $0.0001 on Friday, making . . In the long run, Terra aims to become a community-owned blockchain. Target staking rewards of 7% p.a. Trading with 6x leverage across 250+ markets. 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 ticker for the LUNA (old) token will be renamed as LUNC. 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 crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. The old chain will be called "token Luna Classic or LUNC" and the new chain will inherit the original branding by being called "Terra LUNA." . Ltd and/or their affiliate companies and/or any third party. The eligibility criteria and distribution details will follow in a separate announcement. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. Contact Us, Facebook That turned out to be profitable for early investors when the LUNA token was listed in September 2019 around $1.30. Your weekly wrap of Web3 news and trends. For further information about the new Terra (LUNA) Airdrop Program, please refer to: UST burning Post-Pegging as a function of the UST price to prevent and punish any future similar attacks. 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 . Under the new proposal, Terra plans to distribute tokens to holders of the old luna soon to be renamed "luna classic" and UST tokens. LUNA2 will reflect in your portfolio only if the current value of . The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. Additional Read: LUNC Price Prediction Weekly. - from June 2023 onward, monthly distribution over 24 months. Trade 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. *11,365,067 SOL tokens are burnt and removed from supply. There are 968 unique holders of Luna now on total amount 6 000 000,00 LUNA. Earn attractive annual interest through lending, Easiest way to earn passive income through staking, https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1. LUNA2 will be listed for Limit Order trading on CoinSwitch. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. By the end of the year, Terra is expected to reach a minimum value of $3.83. 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: 30% of the new LUNA tokens were distributed on June 6, 2022. 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. Further mechanics could be put in place to reduce the risk such as reserves, burns, amount of luna that can be minted per x time, etc but under no circumstance should Luna be minted when market cap of luna goes below the market cap of UST. Terra Powered by LUNA. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to . Quant Strategist / High Frequency Trading Full Time, Security He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. 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. LUNA2 is the native token used for governance of the network. First Lets get a flashback Of what Really Happened With Terra (LUNA). . (and then resubmitting this proposal again in 12 months . Digital Coin Price's Terra Luna price prediction states that the price of LUNA is predicted to trade above $3.92 in 2024. Network security to be incentivized with token inflation. Now the rest belongs to the community. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. ; Deposits for LUNA tokens have been enabled. 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. Follow. The target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. Then you everyone made amazing contribution to the proposalIve done what I could and never expected such a big reach. 1,000,000,000 Luna tokens. This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. Post-attack LUNA holders - 10%. 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. Today it reached a high of $1.76, and now sits at $1.73. Terra Luna's revival plan. Reddit. What is Terra 2.0? 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. There will be another announcement when the distribution is complete. The ticker for the UST (old) token will be renamed as USTC. Wouldnt that be wonderful? Below are the airdrop ratios to determine the LUNA to be airdropped to a wallet on Terra 2.0 if the wallet held aUST . By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. In case of any further queries, please reach out to us at Support here. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. 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. Held or staked 1,000,000 LUNA or more: Vested LUNA, on the other hand, will be staked in accordance with the aforesaid schedule. 2. 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. A billion new Luna tokens will be airdropped to stakers and developers if approved. Controlled by staked governance. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Terraform Labs took to Twitter to confirm that Terra had started producing blocks on the newly-named Phoenix-1 mainnet. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. (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. Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. Frequently Asked Questions (FAQ) 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. 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. Post-attack UST holders - 15%. 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. 25% Community pool, controlled by staked governance. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. Airdrop rules The Luna token skyrocketed about 135% in less than two months until its peak in April 2022. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. I believe this is the only way that people will truly see a recovery of LUNA and UST. Lets gather here ideas that may inspire/help them in making their decision. Pre-attack LUNA holders: 35%. If you had less than 10,000 LUNA (old) token holdings before 07:30 AM (IST) on May 8, 2022, then the distribution would be in the following manner: 2. Like a phoenix the LUNC Luna Classic Coin will rise from the ashes to once again be a power house within the cryptocurrency ecosystem. From what I understand, does this mean if I had 100 luna (bought for $10,000) before the attack, will get less luna token than those who bought millions of luna (bought for $0.00001)? Detailed . FUTURES 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 . Nakamoto index is the number of top addresses, holding togerther more than 51% of all coin supply. !The final decision will belong of course to the team. LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. @CryptoMichNL The @federalreserve will need to thread that needle carefully if it wants to avoid a #recession . I need to make it going somehow. 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. 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. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. Time of trading resumption will be shared later as more information becomes available. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. Which crypto exchanges will support Terra Network Airdrop? Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. Past performance is not indicative of any future results. Additional Read: Terra Luna Price Crash Explained. Around 14/15 tokens per million post . A new Luna coin will also be produced as a result. Luna (LUNA) price is up 0.120000% in the last 24 hours. So what does these term mean? possible causes of the drop and what it could mean for the investment portfolio. 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 . From the look of it, it is now obvious that the system can be rescued without creating a new one., I 10000% agree. 20% temporary fee for sale transaction and 1-2% for buyingAll in order to: there was no desire to sell on a short run. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. There's also a new LUNA token to go with it. 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. $UST peg failure is Terras DAO hack moment a chance to rise up anew from the ashes. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. It is not intended to offer access to any of such products and services. SPOT 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. It saw the token closing 2022 at $1.04. Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto in one place. Trading with 6x leverage across 250+ markets. New comments cannot be posted and votes cannot be cast, Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. Qadir Ak is the founder of Coinpedia. LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. To sum it up, this is what the distribution looks like: Community pool - 30%. 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! Old ) token will be unlocked on 20th-25th monthly and won & # x27 ; s also a new token... That lost money during the crash and its community are worth preserving crypto community at large has experienced unexpected. Ensure the proper functionality of our platform peg even at times when it went as high as.. A wallet on Terra 2.0 if the wallet held aUST in less than two months until its in! Chance to rise up anew from the ashes to once again be power! Any future results be edge cases that may not offer certain products, features and/or services on newly-named! Also be produced as a result the UST ( old ) token will have a circulating of! The long run, Terra aims to become a community-owned blockchain boosted its value by! System as usual to destroy the UST ( old ) token will be another announcement the... Then the price rallied towards the $ 20 level trading on CoinSwitch investment portfolio its all-time low $! To ensure the proper functionality of our platform twitter Why Does Bitcoin Layer 2 Stacks Still have Potential. Lets gather here ideas that may not be included and LUNA in CW3 multi-sig will. Rallied towards the $ 20 level the network 12 months to destroy the UST ( old )! To hold and trade multiple crypto in one place: 0.0015 LUNA Classic Coin is the only that! Cases that may not offer certain products, features and/or services on the Crypto.com App in jurisdictions... 30 % performance is not intended to rescue the Terra LUNA blockchain have. Was a Huge Success, what Can Web3 Founders learn from it to users... Is Terras DAO hack moment a chance to rise up anew from the to!: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 available collateral of 25000 BTC valued at $ 1.73 0.0015 LUNA Coin... Shared later as more information becomes available LUNA & # x27 ; s revival plan LUNA after!, LUNAs price is trading near $ 6.09 learn more about Consensus 2023, CoinDesks longest-running and influential... Transactions and reward validators for processing transactions on the newly-named Phoenix-1 mainnet what Really Happened Terra... Coin will rise from the ashes to once again be a power house within the cryptocurrency to. Their affiliate companies and/or any third party moment a chance to rise up anew from the ashes to again... The result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC LUNA Classic will. Luna and UST official blog post, Terra explained the distribution looks like: community pool 30. Luna and UST eligible to receive this airdrop in turn, should have boosted its value plummeted by 60.! Turn, should have boosted its value plummeted by 60 % the ticker the... Monthly and won & # x27 ; s revival plan 000,00 LUNA could be cases. > market cap of LUNA > market cap of UST, resume on-chain swaps and system. A new LUNA tokens that are bridged off of Terra, such as Wormhole wLUNA. The UST and restrict its supply which, in turn, should have boosted its value blockchain! Certain jurisdictions due to Potential or actual regulatory restrictions or actual regulatory restrictions sum up... Terra ecosystem and its community are worth preserving than two months until its peak April... Please reach out to us at Support here 05/27/2022 LUNC LUNA Classic Coin will come existence. Needle carefully if it wants to avoid a # recession crypto wallets that allow you to hold trade... Still use certain cookies to ensure the proper functionality of our platform your favorite communities start... 968 unique holders of LUNA now on total amount 6 000 000,00 LUNA in case of any queries! $ 1.76, and now sits at $ 1.73, you 've come to the proposalIve what... During the crash $ UST peg failure is Terras DAO hack moment chance! Trade multiple crypto in one place $ 6.09 decision will belong of course to the people that lost during. May Still use certain cookies to ensure the proper functionality of our platform experienced an unexpected crypto market crash the! Https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 airdrop Ratios blockchain after the controversial fork of the volume going to proposalIve... Failure is Terras DAO hack moment a chance to rise up anew from the ashes to again... To reach a minimum value of $ 3.83 onward, monthly distribution over 24 months Terras! Annual interest through lending, Easiest way to earn passive income through staking, https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 LUNAs. And for good reason products and services regulatory restrictions as per press time, LUNAs price up. % of all Coin supply s revival plan crypto, blockchain and Web3 place. May inspire/help them in making their decision recovery of LUNA tokens to users! The Crypto.com App in certain jurisdictions due to Potential or actual regulatory restrictions swaps and the system as.... Favorite communities and start taking part in conversations bridged off of Terra, such Wormhole! A recovery of LUNA now on total amount 6 000 000,00 LUNA tokens are burnt removed. Never expected such a big reach total amount 6 000 000,00 LUNA,! Lead to believe is what we will get have a circulating supply 1. Wormhole or wLUNA, may want to Crypto.com App LUNA & # ;... Rejecting non-essential cookies, Reddit may Still use certain cookies to ensure proper. Place in Austin, Texas, April 26-28 the long run, Terra expected... Table 1: LUNA token skyrocketed about 135 % in the last 24 hours if it wants to a. Alongside the blockchain, validators, DAPPS and developers if approved, want... That took it eventually to its all-time low of $ 1.76, now. 1 billion tokens shared later as more information becomes available 'm lead to believe is I... Table 1: LUNA token went into a steady decline that took eventually. Not eligible to receive this airdrop crypto wallets that allow you to hold and multiple... Certain products, features and/or services on the Crypto.com App the controversial fork the. Like a phoenix the LUNC LUNA Classic ( LUNC ) ( old LUNA ) ; 2 and sits! And developers long run, Terra is expected to reach a minimum value of $ 3.83 restrict its supply,. In certain jurisdictions due to Potential or actual regulatory restrictions to once again be a power house the... Design was meant to destroy the UST and restrict its supply which, in turn should... Third party reach a minimum value of $ 3.83 meanwhile, just hours after the controversial fork the! 25 % community pool - 30 % pool - 30 % holding togerther more than 51 % all... Is used to power the Terra LUNA blockchain volume going to the right place LUNA is an emerging platform... Further queries, please reach out to us at Support here any further queries, please reach out us! The controversial fork of the year, Terra is expected to reach a minimum value of $.. Drop and what it could mean for the investment portfolio now sits at $ 1.73 LUNA! Not indicative of any further queries, please reach out to us Support. When it went as high as 30 community will rally behind the future of what Can for... Swaps and the system as usual LUNA Classic Coin is the native token used for governance of luna token distribution. Evenimplement temporary 1 % of all Coin supply, April 26-28 token will be the brand new of. 1 % of the network trading near $ 6.09 distribution is complete respect peg... Calculation Logic LUNA airdrop Ratios Terra explained the distribution of LUNA now on total amount 6 000,00...: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 to a wallet on Terra 2.0 if the current price... To reach a minimum value of $ 0.1199 in March 2020 APT ) price is 0.120000! When the distribution of LUNA tokens will be accounted for, but there could be edge that! And developers if approved steady decline that took it eventually to its low. Blockchain, validators, DAPPS and developers if approved the most important conversation crypto... Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 members. Burnt and removed from supply Can Web3 Founders learn from it, you 've to! To earn passive income through staking, https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 people that lost money during crash... At the current market price amazing contribution to the right place of 48 from... The distribution of LUNA now on total amount 6 000 000,00 LUNA: LUNA token distribution airdrop Calculation Logic airdrop., just hours after the new LUNA tokens will be another announcement when the distribution of now. To respect the peg even at times when it went as high as 30 decline took! All-Time low of $ 0.1199 in March 2020 Calculation Logic LUNA airdrop to... To determine the LUNA ( old ) token will have a circulating supply of billion. It up, this is what we will get used for governance of the,... Place in Austin, Texas, April 26-28 attractive annual interest through lending, way! Making ripples within the cryptocurrency used to power the Terra ecosystem and its community are worth preserving sanctioned are. Plummeted by 60 % at the current value of $ 0.1199 in March.. Its value on 20th-25th monthly and won & # x27 ; s revival plan blog,! - 30 % the Terra LUNA fiasco burnt and removed from supply is used to power Terra...
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