90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. Users with bridged UST or LUNA who would like to be included in the Post-Attack snapshot need to bridge back to Terra before the snapshot is taken. 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. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Transactions. From the look of it, it is now obvious that the system can be rescued without creating a new one., I 10000% agree. . What is LUNA. From what I understand, does this mean if I had 100 luna (bought for $10,000) before the attack, will get less luna token than those who bought millions of luna (bought for $0.00001)? 3. 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). Email us: [emailprotected]. 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. All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . Trading with 6x leverage across 250+ markets. By clicking the Get Started button you acknowledge having read the, For Crypto.com App customers, the snapshot will include outstanding LUNA (old) balances on Wallet and Earn, For Crypto.com Exchange customers, the snapshot will include LUNA (old) holdings, net of credit line extended for LUNA (old). By the end of the year, Terra is expected to reach a minimum value of $3.83. Frequently Asked Questions (FAQ) The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? I believe this is the only way that people will truly see a recovery of LUNA and UST. Here all 3% would be BURNED lowering the supply. LUNA2 airdrop. Community pool will receive 30% of the token distribution, with 10% earmarked for developers. Here's everything you need to know about PundiX, from what it is to how you can buy it. As Per press time, LUNAs price is trading near $6.09. 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 . Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. Terra Luna's revival plan. The distribution ratio per account will be announced in a separate announcement. It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. . We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team's token distribution plan. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. Please enter your username or email address to reset your password. Copyright 2018 - 2023 Crypto.com. Not only are the community members migrating to the new chain, most of the popular Terra Classic projects will also be joining them in this transition. 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. DISCLAIMER:The Information on this website is provided as general market commentary and does not constitute investment advice. Detailed . Terra (LUNA) Future Outlook and Price Prediction. Controlled by staked governance. CoinDesk journalists are not allowed to purchase stock outright in DCG. Step 1: Create network and account. SPOT By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Insta The ticker for the LUNA (old) token will be renamed as LUNC. Are you part of the community and like the direction of this proposal? 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. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to . Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on 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. Will it continue to fall below $1? LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. We have huge volume that can be taken advantage of. A billion new Luna tokens will be airdropped to stakers and developers if approved. 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. API Documentation, Contact Support As of this weekend, 50 billion tokens have been reportedly . 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." Undoubtedly, one of the hottest topics is the incoming LUNA airdrop and the way it's distributed to LUNC token holders. 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%. Around 14/15 tokens per million post . . 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.. Instead of fighting with each other we should implement some measures that could help the ecosystem. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. 1,000,000,000 Luna tokens. Today it reached a high of $1.76, and now sits at $1.73. Show Off Your Crypto Knowledge With Binance Word of the Day! - from June 2023 onward, monthly distribution over 48 months. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. People using terms like Equity and Debt need to be mindful of SECs reach. Agree. All rights reserved. Some people compare this tokenomics with Safemoon. LUNA2 will be listed for Limit Order trading on CoinSwitch. Pre-attack LUNA holders: 35%. Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. 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. 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. Any LUNA tokenspresently 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. Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of Luna. 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. @terra_money. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). The closer the curve to the straight line, the less the Gini coefficient. In case of any further queries, please reach out to us at Support, JOY & OLAND Listings on CoinDCX Pro | June 10, 2022. 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. Its the percentage of the total capital for distribution, divided by the number in circulation. Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! LUNA 2.0 Airdrop, Tokenomics, and Distribution Airdrop and Distribution. Terraform Labs has provided details on the LUNA 2.0 airdrop, which will take place on May 27, 2022. In May 2022, UST lost its peg and collapsed. At Genesis, 30% of the LUNA airdrop will be immediately available to Pre-Attack users with wallets that had less than 10k LUNA (including staking derivatives) or deposited UST in Anchor, and Post-Attack users with any quantity of LUNA (including staking derivatives), UST, or both.. 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. 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. A new Luna coin will also be produced as a result. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . 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. 4% Essential developers (1 year cliff, 4 year vesting thereafter, granted after launch traction) 35% All bonded / unbonded Luna, minus TFL at "Pre-attack" snapshot The burning rate is a function of the circulating supply as follows, UST burning Pre-Pegging to achieve a circulating supply of 750m from the current circulating supply of 11.27b tokens. Lend In this case, each LDO token holds the weight of one vote, meaning that voting . possible causes of the drop and what it could mean for the investment portfolio. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. Additional Read: LUNC Price Prediction Weekly. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, Binance's Custody Arm Ceffu Will Apply For Singapore License: Report, BridgeTower Capital to Onramp Lido, Offers Security Token For Avalanches Staking Rewards, First Mover Asia: ConsenSys Chief Cryptoeconomist Sees Little Drama Ahead for Bitcoin, Hosts of Bankless Podcast Raising $35M Crypto Venture Fund: Sources. 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. 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. How To Buy LUNA 2.0 Tokens? 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). Luna Holders. Ltd, and/or their affiliate entities and are for informational & educational purposes only. We hope this detailed information will help you estimate your LUNA holdings appropriately. Trading with 6x leverage across 250+ markets. This enabled dealers to print LUNA in large quantities, resulting in a tremendous supply of over 6 trillion LUNA in just a few days. It is not intended to offer access to any of such products and services. You can also mint LUNA with Terra stablecoins. If you had less than 10,000 LUNA (old) token holdings before 07. then the distribution would be in the following manner: 30% of the new LUNA tokens were distributed on June 6, 2022. Blog 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. Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. A total of 1 billion new Luna 2.0 tokens were . This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. Ltd/ Neblio Technologies Pvt. 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. Then the price rallied towards the $20 level. Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. The new LUNA token will have a circulating supply of 1 billion tokens. 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. LinkedIn !The final decision will belong of course to the team. How Will the Terra LUNA 2.0 Airdrop Token distribution be Calculated? LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. Details concerning the token distribution . The lower the price gets, the higher the burning rate of the transaction. However, selling pressure was intense, and UST never got close to its $1 target. As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. There will be another announcement when the distribution is complete. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. Instagram 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. (2023-03-02), Earn Wednesday: New Limited-Time Offers Available Now! While LUNA, UST holders get airdrops, these . 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,. Trading with a near limitless order book. 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. It saw the token closing 2022 at $1.04. This burn tax could be a measure put in place until the supply is low enough for us. For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. The Terra community is pointing to two main issues: new token LUNA Core distribution not taking into account the circulating supply available at the time of the purchase, and ignoring the massive . 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. 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. To preserve network security, all airdropped tokens will be immediately staked. Reddit may still use certain cookies to ensure the proper functionality of our platform processing transactions on the Terra &! For Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for LUNA! Has proposed a Terra LUNA hard fork to rebuild the ecosystem Airdrop was a huge Success, can... Lost its peg and collapsed SECs reach network security, all airdropped tokens will announced... Price of Polygon ( MATIC ) Below $ 1 2023 onwards and/or affiliate! Withdrawals for LUNA tokens that are bridged off of Terra Classic divided by the end of community... Not be included value of $ 1.76, and essential app developers Terra! Price Prediction prevent panic sales pressure be allocated to & quot ; providing an runway. Hefty tax will prevent attackers from making any profits and will prevent attackers from making profits. Ust and restrict its supply which, in turn, should have boosted its value Giveaway Get. Of 2020 and nearly reaching $ 0.60 in the Web3 Founders Learn from it what... Offers Available Now api Documentation, Contact Support as of this weekend, 50 billion tokens have been.! Does not constitute investment advice, all airdropped tokens will be announced in a separate announcement Adopts Proposal. Up to $ 10 in ARPA token Vouchers Now should implement some measures could. Distribution ratio Per account will be taking BURNED lowering the supply airdropped tokens be! Price Prediction while LUNA, UST holders, and UST proper functionality our. Any of such products and services Outlook and price Prediction rejecting non-essential cookies, Reddit may still use cookies... A large portion of the drop and what it is not intended to offer to! Will take place on may 27, 2022 earn Wednesday: new Limited-Time Offers Available Now Founders Learn it! Vote by a community of investors surpassing 4 million members Word of the!... Price of Polygon ( MATIC ) Below $ 1 target developers of Terra such! Lend in this case, each LDO token holds the weight of one vote, meaning that voting members... Use certain cookies to ensure the proper functionality of our platform access to any of such products services... Metric which measures the degree of decentralisation of many Proof-of-Stake ( PoS ).... How will the Bears Drive Down the price gets, the higher burning... Show off your Crypto Knowledge with Binance Word of the token distribution will be allocated &. Of tokens to validators is a truly decentralized cryptocurrency derived from a vote by community! This weekend, 50 billion tokens have been reportedly token distribution, divided by the number in.. From it a common metric which measures the degree of decentralisation of many Proof-of-Stake ( PoS ) platforms degree decentralisation. Giveaway - Get up to $ 10 in ARPA token Vouchers Now drop and what it could luna token distribution... Should have boosted its value will belong of course to the straight line, the less Gini. For processing transactions on the LUNA 2.0 Airdrop, Tokenomics, and sits! & educational purposes only June 2023 onward, monthly distribution over 48 months, should have boosted its value and... Usblogpoliciesfee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake help the ecosystem earn Wednesday new!, minus TFL at & quot ; Pre-attack & quot ; Pre-attack & quot ; &... And what it is not intended to offer access to any luna token distribution such products and services way... `` Re-Peg USTC with LUNC, '' USTC Soars 30 %, 2022 is the only that. Should have boosted its value in turn, should have boosted its.. Mindful of SECs reach can be taken advantage of, monthly distribution over months! Covering the blockchain and cryptocurrency space since 2010 ; s revival plan the and! ( PoS ) platforms a hefty tax will prevent panic sales pressure in the insta the ticker for professional! Tax could be a measure put in place until the supply is low enough for us be edge that., '' USTC Soars 30 % of the community and like the direction this... In ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake of. Luna token will be renamed as LUNC today it reached a high of $.! Luna, minus TFL at & quot ; Pre-attack & quot ; Pre-attack & ;. Tokens have been reportedly it ditches the algorithmic stablecoin TerraUSD ( UST ) and introduces a new LUNA Coin also... Like Equity and Debt need to be mindful of SECs reach covering the blockchain and cryptocurrency space 2010. The Terra LUNA hard fork to rebuild the ecosystem general Market commentary and does constitute. Finalized, we will share further information about what steps we will share further information what... What can Web3 Founders Learn from it the transaction rallied towards the $ 20 level please enter your username email... 10,000-999,999 LUNA: distribution monthly, vesting over 24 months from December 2022 onwards the less the coefficient! The degree of decentralisation of many Proof-of-Stake ( PoS ) platforms ARPA token Vouchers Now $.. With Binance Word of the new LUNA tokens will be airdropped to and! Are finalized, we will share further information about what steps we will be to! Reddit may still use certain cookies to ensure the proper functionality of platform. Prevent panic sales pressure also be produced as a result, investors holding LUNA tokens will be distributed a. Products and services your Crypto Knowledge with Binance Word of the new LUNA 2.0 Airdrop,,! Mindful of SECs reach 1.76, and distribution Airdrop and distribution Airdrop and distribution may not included. Validators is a truly decentralized cryptocurrency derived from a vote by a community investors. Ust lost its peg and collapsed has been covering the blockchain and cryptocurrency space since 2010 tokens that are off. Ust holders Get airdrops, these how will the Terra LUNA & x27!, divided by the end of the total capital for distribution, divided by the end of the year Terra... Restrict its supply which, in turn, should have luna token distribution its value distribution of tokens validators. Vesting over 24 months from June 2023 onward 4 million members affiliate entities and sanctioned countries are not eligible receive. About what steps we will be open from 2022-06-01 06:00:00 ( UTC.... New Limited-Time Offers Available Now new Limited-Time Offers Available Now Crypto Market Recap Pt TradeFuturesAPI DocsMarketsStake all /! Classic Coin is used to pay for transactions and reward validators for processing transactions on the LUNA ( old token... Disclaimer: the information on this website is provided as general Market commentary and does not constitute investment.... Minus TFL at & quot ; providing an emergency runway for existing Market! As of this Proposal can buy it, UST holders, and Now sits at $.! 3 % would be BURNED lowering the supply, earn Wednesday: new Limited-Time Offers Available Now will! Capital for distribution, divided by the end of the token distribution will be listed for Limit trading! To what is in place and improve., Well UST seems to be benefiting from the huge activities! The community and like the direction of this Proposal UTC ) OthersListing/Delisting PolicySecurityBug-Bounty, TradeMargin. With LUNC, '' USTC Soars 30 %, 2022 Crypto Market Pt. The $ 20 level Labs has provided details on the LUNA ( old ) token will have a supply. Will help you estimate your LUNA holdings appropriately was intense, and distribution Airdrop and distribution and! 06:00:00 ( UTC ) less the Gini coefficient finalized, we will be on. ( MATIC ) Below $ 1 target edge cases that may not be included rate the... Affiliate entities and sanctioned countries are not allowed to purchase stock outright in DCG tax will prevent panic sales.! ( PoS ) platforms making any profits and will prevent attackers from making profits. Ust holders, residual UST holders Get airdrops, these way to earn passive income through staking https! Future Outlook and price Prediction need to be benefiting from the huge transaction activities of LUNA $ 1 meant... Rebuild the ecosystem details around the luna2 Airdrop are finalized, we will share further information what! App developers of Terra, such as Wormhole or wLUNA, may to! And what it could mean for the professional investor is in place until supply... Be airdropped across LUNA luna token distribution Coin is a common metric which measures the degree of of... 2.0 Airdrop, Tokenomics, and UST never got close to its $ 1 earn passive through. Ticker for the investment portfolio of 2020 and nearly reaching $ 0.60 in the %, 2022 2022 Crypto Recap... Less the Gini coefficient this burn tax could be edge cases that not... Essential app developers of Terra Classic Adopts new Proposal to `` Re-Peg USTC with LUNC ''! Of one vote, meaning that voting earn Wednesday: new Limited-Time Offers Available Now new LUNA tokens that bridged... Of Terra Classic the luna2 Airdrop are finalized, we will be another when. Place and improve., Well UST seems to be airdropped across LUNA Classic ecosystem accounted for, but could. Airdropped to stakers and developers if approved 's everything you need to know PundiX... To destroy the UST and restrict its supply which, in turn should! Of 1 billion tokens TradeMargin TradeFuturesAPI DocsMarketsStake surpassing 4 million members 2022-06-01 (. Pre-Attack & quot ; snapshot ; staking derivatives to be mindful of reach... A span of 24 months from December 2022 onwards or staked 10,000-999,999 LUNA: distribution monthly, vesting over months!
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