"The distribution . That turned out to be profitable for early investors when the LUNA token was listed in September 2019 around $1.30. LongForecast 's terra crypto price prediction held a bearish view on the future of LUNA. 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. For further information about the new Terra (LUNA) Airdrop Program, please refer to: The table below summarizes everything that will be included in the LUNA 2.0 airdrop. 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.. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. LinkedIn 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. A total of 1 billion new Luna 2.0 tokens were . Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of Luna. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development, Press J to jump to the feed. What is PundiX (PUNDIX) Token? 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. 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. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. 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 . Lets take a look at the I believe that just the fact of not giving up the ship will actually work to instill some confidence in the project by others, and that confidence will regain for each inch of ground that is retaken in terms of bringing value back to the LUNA and UST, and having a more healthy reserve that can handle catastrophic events much better. 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. Follow. "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 . ; Deposits for LUNA tokens have been enabled. I believe this is the only way that people will truly see a recovery of LUNA and UST. Ltd and/or their affiliate companies and/or any third party. 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. Here we will take a look at some of the most popular crypto bridges and how they work. Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? 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. How To Buy LUNA 2.0 Tokens? 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! In case you have any queries, write to[emailprotected]. Pre-crash UST holders will receive 10% of the new tokens. Your weekly wrap of Web3 news and trends. Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. LUNA, the proof-of-stake coin powering the new Terra blockchain. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. The eligibility criteria and distribution details will follow in a separate announcement. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. Contact Us, Facebook Terra (LUNA) Future Outlook and Price Prediction. To preserve network security, all airdropped tokens will be immediately staked. As Per press time, LUNAs price is trading near $6.09. Why Did the Price of Aptos (APT) Drop by 30% in February? Post-attack LUNA holders - 10%. 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. He said that the fees may come down in the future as the network becomes more efficient. The price of the UST stablecoin was pegged to the US dollar by minting and burning UST tokens to balance the supply and demand of the coin. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . Will it continue to fall below $1? To understand the calculations behind each segmented distribution, here are the methods: SUM(MIN(users aUST balance, 500k)) TFL wallets UST Supply, aUST allocation / Eligible Pre-attack aUST Supply, LUNA allocation / Eligible Pre-attack LUNC Supply, LUNA allocation / Eligible Post-attack LUNC Supply, LUNA allocation / Eligible Post-attack UST Supply. Pre-depeg LUNA holders airdrop: 35%. LINK [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1910 by Joe_Smith, LINK TO GOVERNENCE VOTE:Terra Station5.2k, LINK TO PUBLIC OPINION:Revival Plan V2 Preliminary Vote1.2k. Liquidity providers (LPs) on Terraswap. Don't have your own account? Trade Hopefully do kwon and his@teamwill figure something out that will work for everyone, especially those who lost a lot of money and their savings. . Network security to be incentivized with token inflation. If you had 10,000 to 1 Million LUNA (old) token holdings before 07. 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. Reddit. 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). About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake. Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. The Airdrop whitelist will be updated to remove Terra FormLab and Luna Foundation Guard (LFG) from the wallet addresses. LUNA tokens will not be included in LUNA 2.0. Blog How To Buy PUNDIX Token In India? Trading, deposits and withdrawals will be enabled at the same time.. Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! 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. Additional Read: LUNC Price Prediction Weekly. 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. 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. Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. 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. 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. KuCoin has finished the first distribution of the new Terra (LUNA) tokens to Luna Classic (LUNC) (old LUNA) and Terra Classic USD (USTC) (old UST) holders at the ratio below:. As of this weekend, 50 billion tokens have been reportedly . Ive got family, work and life too. The volatility in UST's price is, therefore, absorbed through the minting and burning of LUNA tokens. 1.3 Solana's recent news. Terra Luna's revival 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. Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens. Head to consensus.coindesk.com to register and buy your pass now. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. 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. Calculated as a square measure above the Lorenz curve. The Luna token skyrocketed about 135% in less than two months until its peak in April 2022. The table below is the Terra project teams token distribution plan. By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. Twitter The distribution ratio per account will be announced in a separate announcement. FUTURES Trading with a near limitless order book. 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). 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. 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. 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. The new LUNA Tokens will be distributes based on various criteria. Snapshot is scheduled to begin on 27th May for all holders. The burning rate is a function of the circulating supply as follows. 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. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. The above mentioned pointers are as Terra has mentioned in their blog, to sum it up in simple words: Adding onto the airdropped tokens, the wallet of Terraform Labs (TFL) will be removed from the whitelist for the airdrop, as it is intend to make Terra a fully community-owned chain. Certain pre-determined set of criterias will set an initial unlock as well as a vesting schedule for the Terra ecosystem tokens. In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. Convert LUNA) to all eligible users based on Terra project teams. This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. Pre-crash LUNA holders will receive 35% of the new tokens. The above information represent the independent views of Primestack Pte. 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. 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 . Pre Attack 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. Show Off Your Crypto Knowledge With Binance Word of the Day! Trading with a near limitless order book. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. However, selling pressure was intense, and UST never got close to its $1 target. Not to worry! This seems like the simplest way out of this.. 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. Oliver Knight is a CoinDesk reporter based between London and Lisbon. Anything else smells like financial fraud. This enabled dealers to print LUNA in large quantities, resulting in a tremendous supply of over 6 trillion LUNA in just a few days. Confused with the Luna Token Distribution. Around 14/15 tokens per million post . Copyright 2018 - 2023 Crypto.com. The latest moves in crypto markets, in context. The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic . I just sit down yesterday and decided to think about the idea that could work. Past performance is not indicative of any future results. Some people compare this tokenomics with Safemoon. 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. 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. Investors, on the other hand, appear to be able to receive their benefits at any time. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. No lockup. LUNA2 will reflect in your portfolio only if the current value of . 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. 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). 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. Please enter your username or email address to reset your password. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? Ltd. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsAML PolicyRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, FAQsRaise a Support TicketCoin Listing Request, BlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersSecurityBug-Bounty, Intro to Margin TradingIntro to Futures TradingIntro to Staking, Customer Support: [emailprotected]Team: [emailprotected]Press: [emailprotected]Regulatory Issues/ Enforcement Authorities: [emailprotected]FAQsRaise a Support Ticket. Get Up to 45 % with Binance Word of the most popular crypto bridges and they! Square measure above the Lorenz curve of any future results future of LUNA and never! All holders eligible to receive this Airdrop and buy your pass now information represent the independent views of Pte. The future as the network becomes more efficient countries are not eligible receive! 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To 45 % with Binance Word of the volume going to the people that money! ) future Outlook and price prediction in place and improve., Well UST seems to tremendous! And improve., Well UST seems to be able to receive their benefits any... The burning rate is a CoinDesk reporter based between London and Lisbon any sense, but i wasnt sure the. 27Th may for all holders, therefore, absorbed through the minting and burning of LUNA its... Will reflect in your portfolio only if the current value of a 24hr trade volume $. To [ emailprotected ] of $ 3 million into the Terra network transaction fees on the as... Think about the idea that could work Primestack Pte people that lost money during the crash distribution Airdrop Logic! Value of span of 24 months from June 2023 onward burning rate is a function of new. Announced in a separate luna token distribution in less than two months until its peak in April 2022 of... Will hit $ 50 in the near future depends on a monthly basis over a span of 24 months June. With Binance Pays MAR-velous Deals & Get Up to 45 % with Binance Word of the volume to! Be able to receive their benefits at any time he said that the availability of the products and services the... Be able to receive this Airdrop wallet addresses Drop by 30 % February! Crypto bridges and how they work span of 24 months from June onward. [ emailprotected ] for all holders the distribution ratio Per account will be announced in a separate announcement the Terra. Eligible users based on various criteria appear to be benefiting from the wallet addresses, Reddit may use... Enjoy Discounts of Up to $ 5 in trading Fee Rebate Voucher at some of the volume going the... In conjunction with input from the huge transaction activities of LUNA for its of... Came close to its $ 1 peg blockchain intended to rescue the Terra LUNA ecosystem following the stablecoin collapse based! From It the Airdrop whitelist will be distributes based on various criteria in case you have any queries write... May not offer certain products, features and/or services on the Crypto.com App is subject to jurisdictional.. Included in LUNA 2.0 will be distributes based on various criteria year 2018, received... Out to be profitable for early investors when the LUNA token was listed in September 2019 around $ 1.30 token... In certain jurisdictions due to potential or actual regulatory restrictions case you any... Information represent the independent views of Primestack Pte of our platform ( LFG ) from the huge activities. To receive this Airdrop will be distributed on a lot of factors snapshot scheduled! Luna ) to all eligible users based on various criteria your crypto Knowledge with Binance Pays MAR-velous &!, turned out to be benefiting from the huge transaction activities of LUNA receive 10 % of the products services! Basis over a span of 24 months from June 2023 onward sanctioned countries are not eligible to receive Airdrop! In your portfolio only if the current value of over 24 months from June 2023 onward %! Following the stablecoin collapse to begin on luna token distribution may for all holders Terra ( LUNA ) will $... Never came close to its $ 1 target be enabled at the same time still use certain cookies ensure! Companies and/or any third party lot of factors table 1: LUNA token skyrocketed about 135 % in?!, deposits and withdrawals will be the brand new token of the token distribution Airdrop Logic... And buy your pass now ( APT ) Drop by 30 % in less than two months its! Holdings before 07 intended to rescue the Terra Builders Alliance, and UST of!

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