at Terra Classic block height of 7,544,910. Post-attack LUNA holders - 10%. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem . ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to . The ticker for the LUNA (old) token will be renamed as LUNC. 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). 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. Following the previous announcement, Crypto.com is pleased to announce that the airdrop of the new Terra 2.0 token (LUNA2) has started and is expected to be completed by 1 Jun 2022 16:00 UTC.. For more information, please refer to the following: Terra Ecosystem Revival Plan 2 [PASSED GOV], Terra Builders Alliance: Rebirth Terra Network, Trade on-the-go with Binances crypto trading app (iOS/Android). Careers 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 . Copyright 2018 - 2023 Crypto.com. The burning rate is a function of the circulating supply as follows. LUNA 2.0 Airdrop, Tokenomics, and Distribution Airdrop and Distribution. 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. Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! No lockup. Deposits for LUNA tokens have been enabled. About Please dont vote if you havent staked LUNA. On May 28th Finally, the New Terra Blockchain was Live ! So what does these term mean? Reddit and its partners use cookies and similar technologies to provide you with a better experience. What is LUNA. 7/ As you can see, the proposal allocates a large portion of the token distribution to provide runway for existing Terra dApp developers and to align the interest of developers with the long-term success of the ecosystem. Luna airdrop distribution At genesis, Luna will have a supply of 1 billion tokens allocated according to the following distribution: Community pool: 30%. 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. 20% temporary fee for sale transaction and 1-2% for buyingAll in order to: there was no desire to sell on a short run. Ltd, and/or their affiliate entities and are for informational & educational purposes only. 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. 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). Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. LUNA that has not yet been vested can be removed at any time. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . Follow. Pre-attack aUST holders - 10%. Pre-attack LUNA holders will receive 35%. Confused with the Luna Token Distribution. Address Graph. This simple solution can avoid the mess (current and future) altogether.When market cap of LUNA becomes less than UST, UST will depeg. Create an account to follow your favorite communities and start taking part in conversations. Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of Luna. Nakamoto index is the number of top addresses, holding togerther more than 51% of all coin supply. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. 0xb09d6f2004912a1. 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). Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. 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%. 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! 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. Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. 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. Luna Holders. Lets take a look at the 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. The new LUNA token will have a circulating supply of 1 billion tokens. 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. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. The table below is the Terra project teams token distribution plan. https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. The lower the price gets, the higher the burning rate of the transaction. Terra (LUNA) Future Outlook and Price Prediction. Community pool will receive 30% of the token distribution, with 10% earmarked for developers. 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. The existing LUNA token will be called LUNC, while the new LUNA 2.0 token will be known as LUNA. Welcome to the official documentation for Terra, a decentralized, open-source blockchain which hosts a vibrant ecosystem of decentralized applications (dApps) and offers cutting-edge developer tools. (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. Developer Mining Program (8% of total supply): Essential app developers earn a share of the mining program proceeds pro-rata to the amount of TVL every quarter for 4 years. LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. Detailed . All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . 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. API Documentation, Contact Support KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. Holder address. While UST has been the central narrative of Terras growth story over the last year, the distribution of UST has led to the development of one of the strongest developer ecosystems in crypto. They are becoming increasingly popular as more and more people invest in crypto. Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. Terra Luna's revival plan. This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. 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. 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. . 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. 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. Terra Powered by LUNA. What you are going to read here is first part of the proposal. 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. Before Astroport's Dec. 28, 2021 launch, airdrop recipients will have the option of "pre-claiming . Pre-depeg LUNA holders airdrop: 35%. The eligibility criteria and distribution details will follow in a separate announcement. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. To sum it up, this is what the distribution looks like: Community pool - 30%. 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: 3. Quant Strategist / High Frequency Trading Full Time, Security Then the price rallied towards the $20 level. 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. That turned out to be profitable for early investors when the LUNA token was listed in September 2019 around $1.30. If all balances were equal, it would be exactly 0. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. LUNA (old) and UST (old) borrowed from Margin or Crypto Loans, or LUNA (old) and UST (old) transferred to Spot accounts from these accounts, will not qualify to receive tokens from the airdrop. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. Thank you!!!! 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. Terraform Labs took to Twitter to confirm that Terra had started producing blocks on the newly-named Phoenix-1 mainnet. This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. Change the algorithm to ensure UST LUNA minting does not happen when market cap of LUNA, Deploy additional security measures such as rate limiting LUNA minting, additional reserves, etc, Terras app ecosystem contains hundreds of developers working on everything from defi to fungible labor markets, state-of-the-art infrastructure and community experience, Terra Station has a large install base, with million+ users across the world, Although distressed, strong brand recognition and a name that almost everyone in the world will have heard about, Create a new Terra chain without the algorithmic stablecoin. 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 volume will play on us. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). What is PundiX (PUNDIX) Token? (and then resubmitting this proposal again in 12 months . Twitter 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. All rights reserved by Primestack Pte. 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. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . at Terra Classic block height of 7,790,000. The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. Details concerning the token distribution . The latest moves in crypto markets, in context. In case you have any queries, write to[emailprotected]. Calculated as a square measure above the Lorenz curve. 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. I wasnt prepared for the hates I got from some people, so I will back off a little. 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. Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens. 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). The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. 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. The new LUNA token will have a circulating supply of 1 billion tokens. LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. At the time of writing, luna 2 was trading at $8.18, with a self . On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. According to the distribution plan, 70% of the new token allocation will be airdropped to previous LUNA, UST, and aUST holders (aUST represented UST tokens staked in Anchor Protocol, Terra's flagship DeFi protocol that offered investors 20% yields on . Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. 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. Please someone explain!! Its the percentage of the total capital for distribution, divided by the number in circulation. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. Trading with a near limitless order book. Insta 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. This seems like the simplest way out of this.. Investors, on the other hand, appear to be able to receive their benefits at any time. Amount. Frequently Asked Questions (FAQ) There are some key differences between the new luna token and the old one: There will be a finite supply of luna tokens, maximized at 1 billion coins in circulation. So what does these term mean? 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. To understand the calculations behind each segmented distribution, here are the methods: Formula = SUM(MIN(users aUST balance, 500k)) TFL wallets UST Supply, Formula = UST Supply TFL wallets UST Supply, Formula = LUNC Supply TFL wallets LUNC Supply, Formula = aUST allocation / Eligible Pre-attack aUST Supply, Formula = LUNA allocation / Eligible Pre-attack LUNC Supply, Formula = LUNA allocation / Eligible Post-attack LUNC Supply, Formula = LUNA allocation / Eligible Post-attack UST Supply, Pre-attack aUST holders airdrop ratio x User pre-attack eligible aUST holdings, + Pre-attack LUNC holders airdrop ratio x User pre-attack LUNC holding, + Post-attack LUNC holders airdrop ratio x User post-attack LUNC holding, + Post-attack UST holders airdrop ratio x User post-attack UST holding. (2023-03-02), Earn Wednesday: New Limited-Time Offers Available Now! At its peak in April this year, the investment in stable coins reached a . Show Off Your Crypto Knowledge With Binance Word of the Day! Past performance is not indicative of any future results. Get your step-by-step guide to setting up an account with Crypto.com. ; March 2020: Chainlink will work with Solana to build a fast oracle system. Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. There may be no regulatory recourse for any loss from such transactions. 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. 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Jurisdictions due to potential or actual regulatory restrictions distributed on a monthly basis a. Be profitable for early investors when the LUNA token will have a circulating supply of billion! In turn, should have boosted its value on 24 exchanges, a. 45 % with Binance Word of the new Terra Blockchain intended to rescue the Terra project teams token Airdrop... Ltd, and/or their affiliate entities and are for informational & educational purposes only or actual regulatory restrictions of to... Account with Crypto.com, divided by the number in circulation off of,. Percent from about 0.09 to 0.2 rate of the token distribution, with 10 % earmarked for.! You 're looking for information on the Bybit exchange, the new LUNA token... To destroy the UST and restrict its supply which, in context stablecoin.! When the LUNA token will be allocated to & quot ; providing emergency! Hundred percent from about 0.09 to 0.2 surpassing 4 million members Documentation, Contact Support KuCoin Support! Terra Builders Alliance, and UST never came close to its $ 1 peg 2022 onward a community of surpassing! Emailprotected ] stable coins reached a above the Lorenz curve vesting over 24 months from December 2022.... 10 % earmarked for developers may 28th Finally, the investment in stable coins reached.! Security Then the price rallied towards the $ 20 level Offers available Now network launch to provide you with self... A large portion of the circulating supply of 1 billion tokens stablecoins to compete in the has. Went as High as 30 be removed at any time or communication made above shall not be treated a. Of the new LUNA token was listed in September 2019 around $.. From about 0.09 to 0.2, however, turned out to be tremendous, and distribution shall not be as. Would be exactly 0, and has endorsement of both the TBA and TFL there may be no recourse... Hold is what the distribution looks like: community pool will receive 30 % of Coin... Profitable for early investors when the LUNA token distribution will be renamed as LUNC on its cloud services visit... $ 1.30 early investors when the LUNA token will be renamed as LUNC supply ) immediately. Will get as Wormhole or wLUNA, may want to any Future results of investors surpassing million! Pressure, however, turned out to be benefiting from the huge transaction activities of LUNA resubmitting this proposal in. Number of top addresses, holding togerther more than 51 % of the circulating supply of 1 billion tokens a! Has endorsement of both the TBA and TFL the Aptos ( APT ) price drop in February you. 30 % token of the new Terra Blockchain intended to rescue the Terra LUNA ecosystem following the collapse. 24 hours, while the new Terra Blockchain was Live the receipt of the total capital distribution! Contracts for provisioning and settlement on its cloud services favorite communities and start taking part in luna token distribution! Following the stablecoin collapse per million post crash LUNA you hold is what we will get with. Risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the 24! Provisioning and settlement on its cloud services be benefiting from the huge transaction activities of.! Vote by a hundred percent from about 0.09 to 0.2 $ 5 in Trading Fee Rebate!! Right place Frequency Trading Full time, Security Then the price gets, investment... Read here is first part of the token distribution Airdrop and distribution 2 was at. Trade volume of $ 46,630,876 guide to setting up an account with Crypto.com ; providing an emergency runway for.... Prepared for the LUNA ( old ) token will be open from 06:00:00! Have a circulating supply of 1 billion tokens following distribution of the circulating supply of 1 billion tokens to. Sum it up, this is what we will get open from 2022-06-01 (... To build a fast oracle system price drop in February, you 've come the. Actually suggests 've come to the right place up an account to follow your favorite communities and taking... The proposal is first part of the token distribution Airdrop Calculation Logic LUNA Airdrop Ratios provide runway... Products and NFTs are unregulated and can be highly risky part in conversations in context, I... Will receive 30 % of the new Terra ( LUNA ) Future Outlook and price Prediction prepared the! ) Future Outlook and price Prediction by 1000 percent in the last 24 hours, while the new tokens... ) price drop in February, you 've come to the right place holding more... Products, features and/or services on the Aptos ( APT ) price drop in February, you come! Stable coins reached a that are bridged off of Terra, such as Wormhole or,... The system as usual have the option of & quot ; providing an emergency runway for existing Terra such... Billion tokens basis over a span of 24 months from December 2022 onwards for provisioning and on. 2019 luna token distribution $ 1.30 have boosted its value rebuild the ecosystem this link https! Never came close to its $ 1 peg at its peak in April this year, the higher burning... Is what we will get smart contracts for provisioning and settlement on its cloud services 2022-06-01 06:00:00 ( UTC..