Will it continue to fall below $1? As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. 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. Telegram KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. 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). 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. For further information about the new Terra (LUNA) Airdrop Program, please refer to: Terra Luna's revival plan. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. How Will the Terra LUNA 2.0 Airdrop Token distribution be Calculated? Post-crash LUNA holders will receive 10% of the new tokens, including staking derivatives 30% of the tokens will be unlocked at genesis, with the remaining 70% vested over two years, with a six-month cliff. 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.. Unlike tether and USDC, which hold fiat assets in a reserve to back their tokens, UST relied on a complex set of code, coupled with a floating token called luna, to balance supply and demand and . Gini Coefficient measures the inequality among address balances. Don't have your own account? Convert About trading the new token. Please enter your username or email address to reset your password. In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. Join CoinCu Telegram to keep track of news:https://t.me/coincunews, Follow CoinCu Youtube Channel| Follow CoinCu Facebook page, 2021 COINCU Financial Group Inc. This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. 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. *11,365,067 SOL tokens are burnt and removed from supply. Your weekly wrap of Web3 news and trends. This burn tax could be a measure put in place until the supply is low enough for us. It's the percentage of the total capital for distribution, divided by the number in circulation. 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. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. 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. Trading with a near limitless order book. This will be a living document to coordinate the new network launch with the community. No lockup. Previously, the Terra Luna community approved a revival plan that involves a Terra Luna hard fork from the failed token, the creation of a new blockchain Terra 2.0 and a new token.. LUNA's crash made headlines back in May, sending shockwaves through the wider cryptocurrency space, with bitcoin and ether crumbling and cryptocurrency trading platform Binance forced . 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. 1.3 Solana's recent news. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. The lower the price gets, the higher the burning rate of the transaction. This process limits a bLUNA holders' exposure to the LUNA token, helping to ensure that the value of their staking rewards remains stable. 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. Transactions. Instagram At the time of writing, luna 2 was trading at $8.18, with a self-reported circulating supply of 210 million, giving it a market capitalization of $1.8 billion, according to, The token was launched on a new blockchain dubbed Terra 2 following the, Investors that held UST or luna before the depeg, as well as those who purchased either asset following the depeg, were, The old luna token, which is trading at $0.0002, has been, The revival plan, although passed by Terras network validators, was pushed live even as results from a preliminary online poll on a, Some 92% of over 6,220 voters on a previously held online poll voted against the change, with the most popular responses calling for no fork,. 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). Details concerning the token distribution . 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. Target staking rewards of 7% p.a. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. 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 . You need to hold 5 LUNA in a Terra wallet to post. As Per press time, LUNAs price is trading near $6.09. It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake. The cliff implies that after six months, users will begin to get the rest of their airdrop at a rate of roughly 3.9 percent every month. possible causes of the drop and what it could mean for the investment portfolio. Held or staked 1,000,000 LUNA or more: This simple solution can avoid the mess (current and future) altogether.When market cap of LUNA becomes less than UST, UST will depeg. Here's everything you need to know about PundiX, from what it is to how you can buy it. All rights reserved by Primestack Pte. 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. https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. Ltd, and/or their affiliate entities and are for informational & educational purposes only. Similar to Pre Attack holders, Post Attack holdes in this case refers to those traders to have bought LUNA or UST during the de-pegging period or have grabbed a few tokens upon the release of the Terra LUNA 2.0 Airdrop news. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. Fastest FIAT On Ramp Off Ramp Product. Then the price rallied towards the $20 level. The new LUNA Tokens will be distributes based on various criteria. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. Insta U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Ethereum Founder Vitalik Buterin talks about the Transaction Fees on Ethereum, Shanghai Upgrade Hard Fork goes live on Ethereums Sepolia Testnet, Quant Strategist / High Frequency Trading, The Ethereum Shanghai Upgrade is (Finally) Going Live in March 2023: Everything You Need to Know, Top Ethereum Improvement Proposals Explained, Top Free Crypto Trading Tools You Must Know about in 2023, How to find Support and Resistance Zones in Crypto | Crypto Trading 101. 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 new LUNA tokens will be promptly distributed as they are received by Okcoin. The distribution ratio per account will be announced in a separate announcement. click below link to register. Futures There are 968 unique holders of Luna now on total amount 6 000 000,00 LUNA. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . Create a name for your local testnet and provide a moniker to refer to your node: terrad init --chain-id= < testnet_name > < node_moniker >. 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. 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." . What is LUNA. 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