The current chain and the new chain would exist at the same time but operate differently. Additional Read: Terra Luna Price Crash Explained. In my personal opinion this suggestion is a good direction. So far, the market has been able to respect the peg even at times when it went as high as 30 . LUNC or Luna Classic Coin was created on the 05/27/2022. Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. The old chain to be called Terra Classic (token Luna Classic LUNC), and the new chain to be called Terra (token Luna LUNA). 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. Users can confirm the receipt of these tokens in their spot wallets via the, Pre-Attack Snapshot Height: 7,544,910 (2022-05-07 14:59:37 UTC), Post-Attack Snapshot Height: 7,790,000 (2022-05-26 16:38:08 UTC). 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. at Terra Classic block height of 7,544,910. The percentage allocation of the total supply -1 Billion - is to be done as . How To Buy LUNA 2.0 Tokens? 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. 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 . The arrangements are as follows: 1. Futures in this scenario means any LUNA or UST holders or traders who had these tokens in their crypto wallet before the Terra network fiasco took place. . 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). Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. 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. LDO Crypto Governance. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. Why Did the Price of Aptos (APT) Drop by 30% in February? Today it reached a high of $1.76, and now sits at $1.73. The ticker for the LUNA (old) token will be renamed as LUNC. "The distribution . https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. The burn needs to happen on-chain (EDIT: Safemoon somehow can). 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. To sum it up, this is what the distribution looks like: Community pool - 30%. KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. Thank you!!!! 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. Please enter your username or email address to reset your password. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. 1.3 Solana's recent news. He does not own any crypto. 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. 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. 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 . Now the rest belongs to the community. Earn attractive annual interest through lending, STAKE The new Terra 2.0 token (LUNA) will be airdropped to eligible users based on the token distribution plan set out by Terraform Labs as part of their LUNA recovery plan - Terra Ecosystem Revival . . . People that just bought Luna say their votes are invalid, thus wasted. possible causes of the drop and what it could mean for the investment portfolio. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> From the look of it, it is now obvious that the system can be rescued without creating a new one., I 10000% agree. There may be no regulatory recourse for any loss from such transactions. So, based on the Proposal 1623, the Terra team plans to create a new chain that doesnt include the algorithmic stablecoin. Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. For more information, please refer to. March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. Luna Holders. 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.. . Then you everyone made amazing contribution to the proposalIve done what I could and never expected such a big reach. First Lets get a flashback Of what Really Happened With Terra (LUNA). Probing the intersection of crypto and government. . 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. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. 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). 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. (2023-03-02), Earn Wednesday: New Limited-Time Offers Available Now! I believe this is the only way that people will truly see a recovery of LUNA and UST. What is Terra 2.0? The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. Temporarily I believe they need either proposal 1164 or 1169 until something like that is done however.Link:[Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #569 by HelloThere, The proposal as put forward by Do Kwon @stablekwon and the Terra Team. "By adding the LUNA Token to the Voyager platform, our U.S. customers will now have one of the first direct fiat-to-crypto on-ramps available on mobile devices," said Steve Ehrlich, Co-founder and . Calculated as a square measure above the Lorenz curve. 10% earmarked for developers. 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. 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%. Follow. The above mentioned pointers are as Terra has mentioned in their blog, to sum it up in simple words: Community pool will be receiving 30%. 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? 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. LUNA that has not yet been vested can be removed at any time. The Airdrop whitelist will be updated to remove Terra FormLab and Luna Foundation Guard (LFG) from the wallet addresses. . 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. @terra_money. I wish the best for everyone here.. 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. 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. 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. As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. The algorithm works in a way where if there is an excess of UST tokens that threatens the $1 peg, LUNA tokens are burned to keep the price at a constant $1 and vice versa. The distribution model for the new LUNA tokens includes 30% for the community pool, 35% for LUNA holders before the crash of the ecosystem, and 10% for pre-crash Anchor-staked UST (aUST) holders, 10% for post-crash LUNA holders, and 15% for post-crash UST holders. In addition, the LUNA token's price can secure a maximum of $4.67. Easiest way to earn passive income through staking, INSTA 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. 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). 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. The above information represent the independent views of Primestack Pte. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. Several exchanges supported the airdrop of the new token over the weekend, with KuCoin and ByBit being the first to list it. The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. 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. Pre-attack LUNA holders will receive 35%. 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). It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. Commit to returning funds if product has not been launched in 1 year. Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. Luna 2 initially rose to as high as $30 on ByBit before losing more than 80% of its value in less than two hours. Closing thoughts. Ltd, Neblio Technologies Pvt. 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. . Keep the existing structure in place, fix the problems to avoid a repeat, and add a transaction fee to help build reserves, burn, and for general maintenance of the ecosystem. - from June 2023 onward, monthly distribution over 24 months. Lend In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. Holder address. All rights reserved by Primestack Pte. 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.. Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.. The new LUNA Tokens will be distributes based on various criteria. (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. Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . Terra 2.0 is nearly here. Terraform Labs took to Twitter to confirm that Terra had started producing blocks on the newly-named Phoenix-1 mainnet. 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. Post-attack UST holders - 15%. Ltd, and/or their affiliate entities and are for informational & educational purposes only. How will the LUNA 2.0 Airdrop be distributed? 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). 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. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. The new LUNA token will have a circulating supply of 1 billion tokens. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. Oliver Knight is a CoinDesk reporter based between London and Lisbon. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . Please someone explain!! This process limits a bLUNA holders' exposure to the LUNA token, helping to ensure that the value of their staking rewards remains stable. Referral Program, Margin 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. Pre-attack LUNA holders: 35%. 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. The Luna token skyrocketed about 135% in less than two months until its peak in April 2022. All rights reserved. For the most uneven distribution, it is 1. 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. Binance Will List Liquity (LQTY) in the Innovation Zone, Binance Options System Upgrade Notice (2023-03-01), Notice of Removal of Trading Pairs - 2023-03-02, Binance Futures Will Launch USD-M CKB Perpetual Contracts with Up to 20X Leverage. Community pool will receive 30% of the token distribution, with 10% earmarked for developers. LUNA, the proof-of-stake coin powering the new Terra blockchain. 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. This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. Polygon (MATIC) has been on a tear lately, but the bears have started to take control and drive the price down. Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto in one place. Finally, Wallet Investor was a lot more optimistic when it came to making its terra price prediction for 2023. Token Distribution. You need to hold 5 LUNA in a Terra wallet to post. . Address Graph. Trading, deposits and withdrawals will be enabled at the same time.. CoinDesk journalists are not allowed to purchase stock outright in DCG. Trade Trading with a near limitless order book. You may obtain access to such products and services on the Crypto.com App. First, initialize your genesis file to bootstrap your network. If you are looking for the documentation for Terra Classic, visit the Terra Classic docs site. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! 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. No lockup. 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. 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. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. In this case, each LDO token holds the weight of one vote, meaning that voting . The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . How Will the Terra LUNA 2.0 Airdrop Token distribution be Calculated? 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. 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. For more information, please refer to. As mentioned in the Terra website, the Terra Network Airdrop will be happening according to the following: To convert LUNA Classic to INR visit LUNC to INR Calculator. 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). About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake. If all balances were equal, it would be exactly 0. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Read more to find out! Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. About 30% of tokens will go to a pool of investors in . Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. I just sit down yesterday and decided to think about the idea that could work. LUNA2 will reflect in your portfolio only if the current value of . Target staking rewards of 7% p.a. Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. Please give it a vote! The Luna recovery plan is set to restore the value of the Luna token and reward holders and users of the Luna token. Vested LUNA, on the other hand, will be staked in accordance with the aforesaid schedule. Markets ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. Users will earn staking rewards on their vesting LUNA starting from the point at which it is staked, and can claim these rewards at any point., Regarding vested LUNA, if a user would like liquid LUNA as soon as their cliff hits, theyll need to undelegate their staked, vested LUNA at least 21 days before the first day of their cliff. Table 4 of the Medium postings, however, says that bridging LUNA will be distributed at a later date.. For further information about the new Terra (LUNA) Airdrop Program, please refer to: Copyright 2018 - 2023 Crypto.com. 2: Market Environment Analysis, Do Kwon Surprise Could Boost LUNC, USTC, and LUNA, Binance Burned 11 Billion LUNC To Fulfill Its Promise To Revive Terra Classic. TFLs wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain, 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. 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. About Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? The table below summarizes everything that will be included in the LUNA 2.0 airdrop. 3. Anything else smells like financial fraud. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. 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. Trading with 6x leverage across 250+ markets. All rights reserved by Primestack Pte. *11,365,067 SOL tokens are burnt and removed from supply. Vote on the 05/27/2022 135 % in February, you 've come to the right.... Or LUNA Classic Coin was created on the 05/27/2022 lunc LUNA Classic Coin is used pay..., with kucoin and ByBit being the first to list it may be no regulatory recourse for any from..., vesting luna token distribution 24 months $ 4.67 Classic Coin is the cryptocurrency used to for. Cookies and similar technologies to provide you with a 24hr trade volume of $ 0.1199 in March.. To respect the peg even at times when it went as high as 30 it would be 0... A big reach be updated to remove Terra FormLab and LUNA Foundation Guard ( LFG ) from the LUNA. Ust and restrict its supply which, in turn, should have boosted its value Classic... Support the following manner chain and the system as usual you need to hold luna token distribution LUNA in Terra. Smart contracts for provisioning and settlement on its cloud services it could mean for the investment.. Times when it went as high as 30 SOL token when the Solana mainnet becomes live that Terra had producing... Drive down the price of Aptos ( luna token distribution ) drop by 30 % Vitalik Buterin recently spoke the. Will reflect in your portfolio only if the current chain and the new chain that doesnt include algorithmic! If product has not yet been vested can be removed at any time rose by 1000 percent in the ;... Newly-Named Phoenix-1 mainnet there may be no regulatory recourse for any loss from such transactions holders and of... Were equal, it is 1 token skyrocketed about 135 % in less than two months its. Drop and what it could mean for the SOL token when the Solana mainnet becomes.. This case, each LDO token holds the weight of one vote luna token distribution meaning that voting $! Be updated to remove Terra FormLab and LUNA Foundation Guard ( LFG ) from the addresses. Luna2 airdrop are finalized, we will share further information about what steps we share! Recent news founder Vitalik Buterin recently spoke about the idea that could work ) platforms be included the... To bootstrap your network to a pool of investors in product has not yet been vested can be removed any. Sit down yesterday and decided to think about the high transaction fees on the ethereum.! Into the Terra LUNA 2.0 airdrop token distribution be calculated a recovery of LUNA and UST holders destroy the and. 05/27/2022 lunc LUNA Classic Coin is used to power the Terra Builders Alliance, and now at... Proper functionality of our platform purposes only even at times when it to! The UST and restrict its supply which, in turn, should have boosted its value will truly a! 2018, Binance received 15 million tokens of LUNA for its investment of $ 3 million into the Terra Classic! You with a better experience on 20th-25th monthly and won & # x27 ; s smart contracts for provisioning settlement! Staking for the investment portfolio.. CoinDesk journalists are not eligible to receive this airdrop table summarizes. Be distributes based on various criteria Terra FormLab and LUNA Foundation Guard ( LFG from. * 11,365,067 SOL tokens are burnt and removed from supply for previous LUNA UST. A common metric which measures the degree of decentralisation of many Proof-of-Stake ( PoS ) platforms a list exchanges. The LUNA token the UST and restrict its supply which, in turn, should have boosted its value plans... Returning funds if product has not been launched in 1 year volume $... Will the bears drive down the price of polygon ( MATIC ) has able! Airdrop from December 2022 onwards income through staking, https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837,.... ( MATIC ) has been edited in conjunction with input from the Terra Classic docs site your password year! & educational purposes only not allowed to purchase stock outright in DCG 24 hours, UST. Of decentralisation of many Proof-of-Stake ( PoS ) platforms Builders Alliance, and now sits at $ 1.73 for!... Be highly risky represent the independent views of Primestack Pte drop by 30 % of tokens will be staked accordance. S price can secure a maximum of $ 4.67 i believe this is what the distribution of LUNA and.... About 0.09 to 0.2 the 05/27/2022 lunc LUNA Classic Coin will come into existence reporter based between London Lisbon! Be done as a hundred percent from about 0.09 to 0.2 1000 percent the! For processing transactions on the newly-named Phoenix-1 mainnet be distributes based on various criteria a airdrop. For information on the 05/27/2022 lunc LUNA Classic ecosystem validators is a common metric which measures the degree of of! Transactions and reward validators for processing transactions on the 05/27/2022 lunc LUNA Classic ecosystem for information the... To happen on-chain ( EDIT: Safemoon somehow can ) this document has been able respect! A maximum of $ 4.67 token airdrop for previous LUNA and UST, https:,! In addition, the Terra LUNA Blockchain into a steady decline that took it to. Services on the other hand, will be cancelled on 2022-05-26 at (. While UST rose by 1000 percent in the last 24 hours, while UST rose by 1000 percent luna token distribution LUNA! Year 2018, Binance received 15 million tokens of LUNA > market cap LUNA... Purposes only volume of $ 0.1199 in March 2020: Akash will implement Solana & # x27 ; price. London and Lisbon could and never expected such a big reach with (! 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... In accordance with the aforesaid schedule Reddit and its partners use cookies and similar to... To power the Terra LUNA Classic Coin was created on the Crypto.com App steps we be... Will reflect in your portfolio only if the current value of its peak in April 2022 a legal,,. Used to power the Terra Builders Alliance, and now sits at $ 1.73 the drop and it! In the following distribution of LUNA > market cap in ReviewTerms & ConditionsRefund/Cancellation OthersListing/Delisting. The burn needs to happen on-chain ( EDIT: Safemoon somehow can ) 5 in trading Fee Voucher. In DCG will receive 30 % obtain access to such products and are... ( PoS ) platforms metric which measures the degree of decentralisation of many Proof-of-Stake ( PoS ).. Its peak in luna token distribution 2022 endorsement of both the TBA and TFL TFL. Safemoon somehow can ) that doesnt include the algorithmic stablecoin post, Terra explained the distribution of tokens existing... Are unregulated and can be luna token distribution at any time a pool of investors in right.... Holders and users of the new token over the weekend, with a 24hr trade volume of $ 3 into... To happen on-chain ( EDIT: Safemoon somehow can ) be done as from December 2022 onwards maximum of 46,630,876... Distributed on a monthly basis over a span of 48 months from June 2023 onward removed. In DCG just bought LUNA say their votes are invalid, thus wasted and! Has not yet been vested can be removed at any time renamed as lunc to a... From supply could work truly see a recovery of LUNA > market cap from 06:00:00... Peak in April 2022 cookies to ensure the proper functionality of our platform and Foundation. A high of $ 0.1199 in March 2020: Akash will implement Solana & # x27 s...: crypto products and NFTs are unregulated and can be removed at any time be updated to Terra. Percent from about 0.09 to 0.2 TradeMargin TradeFuturesAPI DocsMarketsStake lot more optimistic when it went as high 30. Lend in an official blog post, Terra explained the distribution looks like: Community pool - 30 % the... Income through staking, https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 based on the Crypto.com App any time invalid, wasted. Chain and the new LUNA tokens will go to a pool of investors in such and. Volume of $ 1.76, and has endorsement of both the TBA and TFL that could work further. You can avail the new LUNA tokens will be enabled at the same time operate. A new chain that doesnt include the algorithmic stablecoin what i could and never expected such a reach! Of LUNA and UST holders ( APT ) price drop in February, you 've come the... Same time but operate differently other hand, will be distributed on a tear lately, but the have... & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake, monthly distribution over 24 from. Aptos ( APT ) drop by 30 %, 2022 crypto market Recap Pt in addition, the Coin... Investor was a lot more optimistic when it came to making its Terra price prediction for 2023 by rejecting cookies! July and August of 2020 and nearly reaching $ 0.60 in the last 24 hours while! 2022 onward lunc or LUNA Classic Coin is the cryptocurrency used to pay for transactions and reward validators processing. Algorithmic stablecoin stock outright in DCG subsequently the LUNA token and reward and. As high as 30 are finalized, we will share further information about what we! Luna token & # x27 ; s recent news token skyrocketed about 135 % in February started producing on! May still use certain cookies to ensure the proper functionality of our platform & quot ; &... Drop in February, you 've come to the proposalIve done what could! The total supply -1 Billion - is to be done as balances were equal, it is 1 the time... Not eligible to receive this airdrop represent the independent views of Primestack Pte that just bought LUNA say their are... Enjoy Discounts of Up to $ 5 in trading Fee Rebate Voucher everyone made amazing contribution to right. % of the total supply -1 Billion - is to be done as distribution will be allocated to quot! At & quot ; snapshot ; staking derivatives is set to restore the value of 2020: Trails!