A billion new Luna tokens will be airdropped to stakers and developers if approved. Calculated as a square measure above the Lorenz curve. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. It is not intended to offer access to any of such products and services. Pre-depeg LUNA holders airdrop: 35%. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. Not to worry! Regulatory Issues/ Enforcement Authorities. Here, the existing Terra blockchain would be split into two blockchains. I need to make it going somehow. What is LUNA. 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. Lets take a look at the Under the new proposal, Terra plans to distribute tokens to holders of the old luna soon to be renamed "luna classic" and UST tokens. It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. Create an account to follow your favorite communities and start taking part in conversations. In addition, the LUNA token's price can secure a maximum of $4.67. This enabled dealers to print LUNA in large quantities, resulting in a tremendous supply of over 6 trillion LUNA in just a few days. In 2030, LUNA's price is predicted to surpass $17.96. There will be another announcement when the distribution is complete. *11,365,067 SOL tokens are burnt and removed from supply. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. 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. What financial advisors need to know about crypto. The Terra community has now voted and accepted a proposal for LUNA 2.0 that essentially stated the introduction of a fork of a new chain but with many changes. I believe this is the only way that people will truly see a recovery of LUNA and UST. Pre-attack aUST holders - 10%. Closing thoughts. March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team's token distribution plan. Terra Powered by LUNA. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. Token Distribution. LUNA2 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 . While LUNA, UST holders get airdrops, these . If all balances were equal, it would be exactly 0. LUNA) to all eligible users based on Terra project teams. The new LUNA token will have a circulating supply of 1 billion tokens. Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. About Here's everything you need to know about PundiX, from what it is to how you can buy it. The Luna recovery plan is set to restore the value of the Luna token and reward holders and users of the Luna token. We hope this detailed information will help you estimate your LUNA holdings appropriately. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. So, based on the Proposal 1623, the Terra team plans to create a new chain that doesnt include the algorithmic stablecoin. There's also a new LUNA token to go with it. . The eligibility criteria and distribution details will follow in a separate announcement. Pre-crash LUNA holders will receive 35% of the new tokens. 20% temporary fee for sale transaction and 1-2% for buyingAll in order to: there was no desire to sell on a short run. Terra (LUNA) is currently ranked in the 12th position on CoinMarketCap in terms of market capitalization, which stands at $13,621,149,804, at the time of writing. Markets Investors will return.link: Validators can set their own minimum gas fees. DISCLAIMER:The Information on this website is provided as general market commentary and does not constitute investment advice. Fast and secure decentralized digital asset exchange, Bringing blockchain broadcasts to you live, Verified user credentials for the Web3 era, Perpetual or Quarterly Contracts settled in USDT or BUSD, Perpetual or Quarterly Contracts settled in Cryptocurrency, Enjoy increased leverage without risk of liquidation, Exclusive ranking for Binance traders, follow top traders' strategies, View our full range of crypto-derivative instruments, Learn how you could practice responsible trading with Binance Futures, Expand your knowledge and get the latest insights in Derivatives Trading, VIP Exclusive, Tailor-made Institutional Grade Services, Commit your crypto holdings and enjoy high returns, Mine more rewards by connecting to the pool, Get an instant loan secured by crypto assets, Premium digital asset solutions for institutions, Connect and grow with Binance liquidity solutions, Discover various asset management solutions, One-stop station made for VIP and institutions, Secure digital assets with leading infrastructure, Bespoke institutional loan with wide coverage, Binance Completes the Terra (LUNA) Airdrop Distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) Holders, Binance Will Support the Terra Classic (LUNC) and Dock (DOCK) Network Upgrades. LinkedIn This burn tax could be a measure put in place until the supply is low enough for us. Step 1: Create network and account. 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. We have huge volume that can be taken advantage of. Ltd and/or their affiliate companies and/or any third party. Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. Token Distribution Under Kwon's plan, 40% would go to LUNA holders before the depegging event, and 10% to LUNA holders "at the final moment of the chain halt." Reddit and its partners use cookies and similar technologies to provide you with a better experience. How To Buy LUNA 2.0 Tokens? U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. 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. 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. 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. 3. For more information, please refer to. The new Terra 2.0 will be listed on CoinSwitch (CoinSwitch symbol LUNA2) The LUNA2 token will be airdropped to eligible users by 5 PM on 6th June 2022, based on the distribution plan proposed by the Terra Foundation. 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. I just sit down yesterday and decided to think about the idea that could work. Follow this link to understand the calculation in more details: https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/, We hope this detailed information will help you estimate your LUNA holdings appropriately. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. Leverage up to 20x with Crypto Futures, LEND Past performance is not indicative of any future results. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Terra (LUNA) Future Outlook and Price Prediction. More details will be announced separately. I wish the best for everyone here.. Then, there would be 35%, or 35 million LUNA dropped to people who had held the original coin, with a . A new Luna coin will also be produced as a result. The table below is the Terra project teams token distribution plan. 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.. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. 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. About 30% of tokens will go to a pool of investors in . 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. 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 . Please someone explain!! LDO Crypto Governance. Trading, deposits and withdrawals will be enabled at the same time.. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. 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. People using terms like Equity and Debt need to be mindful of SECs reach. LUNA2 will reflect in your portfolio only if the current value of . How To Buy PUNDIX Token In India? 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. Probing the intersection of crypto and government. Developer Alignment Program (1.5% of total supply): Protocol teams that were live in Terra Classic divide this allocation weighted by the last 30 day TVL from Pre-attack snapshot 1 year cliff, 3 year vesting thereafter. Qadir Ak is the founder of Coinpedia. SPOT We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! 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. Subject to Crypto.coms successful receipt of the Terra project teams issuance of LUNA2 tokens, we will facilitate the distribution of the new Terra 2.0 token (LUNA2) to all eligible users. 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