Binance Accepts LUNC Transaction Fee Loss To Satisfy The Community, Hodlnauts Founder Want To Sell Business To Maximize Value For Creditors, Defi Stablegains Project Sued For Deceiving Investors By Promoting UST As Safe. Luna Holders. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. Past performance is not indicative of any future results. 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. *11,365,067 SOL tokens are burnt and removed from supply. 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). The distribution ratio per account will be announced in a separate announcement. Then you everyone made amazing contribution to the proposalIve done what I could and never expected such a big reach. Trading, deposits and withdrawals will be enabled at the same time.. The burn needs to happen on-chain (EDIT: Safemoon somehow can). We have huge volume that can be taken advantage of. As of Aug. 30, 2021, Terra (LUNA) is trading at $34.08. All bonded / unbonding Luna, minus TFL at Pre-attack snapshot; staking derivatives included, For wallets with < 10k Luna: 30% unlocked at genesis; 70% vested over 2 years with 6mnth cliff, 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, 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff, Pre-attack aUST holders will be receiving, Post-attack UST holders will be receiving. In addition, the LUNA token's price can secure a maximum of $4.67. Polygon (MATIC) has been on a tear lately, but the bears have started to take control and drive the price down. Vested LUNA, on the other hand, will be staked in accordance with the aforesaid schedule. 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. There may be no regulatory recourse for any loss from such transactions. Target staking rewards of 7% p.a. Terra Luna's revival plan. Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. 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 . The arrangements are as follows: 1. 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. Your weekly wrap of Web3 news and trends. 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). 10% earmarked for developers. 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. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. All rights reserved by Primestack Pte. I just sit down yesterday and decided to think about the idea that could work. 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. In case you have any queries, write to[emailprotected]. I believe this is the only way that people will truly see a recovery of LUNA and UST. Looking to buy PundiX (PUNDIX) token in India? 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. About KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. No lockup. The Official tweet from Terra stated: https://twitter.com/terra_money/status/1529665416108208128. Instead of fighting with each other we should implement some measures that could help the ecosystem. The above information represent the independent views of Primestack Pte. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations. Contact Us, Facebook Press question mark to learn the rest of the keyboard shortcuts. . 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. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. This will be a living document to coordinate the new network launch with the community. All rights reserved. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. 0xb09d6f2004912a1. There are some key differences between the new luna token and the old one: There will be a finite supply of luna tokens, maximized at 1 billion coins in circulation. 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. It will become the choice of users if they are ok taking a higher risk for the higher return. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! According to the official LUNA token distribution settings and schedule, The remaining 70%(Phase 2) of the distribution will be divided into 24 times, starting from December 2022. You may obtain access to such products and services on the Crypto.com App. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Finally, Wallet Investor was a lot more optimistic when it came to making its terra price prediction for 2023. Pre-attack aUST holders - 10%. A new Luna coin will also be produced as a result. 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. Address Graph. Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens. . 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 3. Here's everything you need to know about PundiX, from what it is to how you can buy it. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. 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. Telegram For all staking solutions, the Lido DAO distributes governing rights via its native LDO crypto asset. The crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. The table below summarizes everything that will be included in the LUNA 2.0 airdrop. Step 1: Create network and account. Copyright 2018 - 2023 Crypto.com. Before Moving to what is Terra 2.0? Convert 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. new LUNA Tokens will be distributes based on various criteria. For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. 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. 1.3 Solana's recent news. Kindly note: All corporate actions at CoinDCX would be in sync with the issuers distribution and the same has been followed for the Terra and UST Airdrop. 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 . One Luna holder argued the idea of destroying supply of the cryptocurrency to a similar plan by investors in the Shiba Inu meme coin. The airdrop will start when the mainnet becomes operational. 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 the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. Earn attractive annual interest through lending, STAKE Oliver Knight is a CoinDesk reporter based between London and Lisbon. Lets take a look at the LDO Crypto Governance. What are Crypto Bridges & Popular Crypto Bridges. 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. For further information about the new Terra (LUNA) Airdrop Program, please refer to: Trading with 6x leverage across 250+ markets. The algorithmic stablecoin UST, which is built on top of the Terra protocol and is a driving force behind its entire ecosystem, lost its peg on May 9th. 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. Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. 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." 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). LongForecast 's terra crypto price prediction held a bearish view on the future of LUNA. Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA); 2. TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. 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. 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. Post-attack UST holders - 15%. Minting $100 . People that just bought Luna say their votes are invalid, thus wasted. What you are going to read here is first part of the proposal. This burn tax could be a measure put in place until the supply is low enough for us. Instagram FUTURES 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 . LUNA 2.0 Airdrop, Tokenomics, and Distribution Airdrop and Distribution. 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. Which crypto exchanges will support Terra Network Airdrop? Liquidity providers (LPs) on Terraswap. 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. 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 . Be a smarter, safer investor in eight weeks. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). 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. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. To preserve network security, all airdropped tokens will be immediately staked. 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.. 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. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. Here, the existing Terra blockchain would be split into two blockchains. I need to make it going somehow. Agree. 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. Details are subject to change. Trading with a near limitless order book. This enabled dealers to print LUNA in large quantities, resulting in a tremendous supply of over 6 trillion LUNA in just a few days. Earn attractive annual interest through lending, STAKE Oliver Knight is a reporter... Bearish view on the future of LUNA a result believe this is the only way that people will see! Case you have any queries, write to [ emailprotected ] 's newly minted LUNA &! To know about PundiX, from what it is to how you can buy it the tokens. Method that caused the LUNA 2.0 Airdrop, Tokenomics, and distribution Airdrop Calculation Logic LUNA Ratios! At genesis, and must be unbonded to become liquid temporary 1 % the. Immediately staked Labs CEO Do Kwon has proposed a Terra LUNA & # x27 ; revival. Destroying supply of the airdropped tokens the future of LUNA compiled a list of exchanges you... And its partners use cookies and similar technologies to provide you with a 24-hour trading volume of $ 46,288,702 also! Facebook Press question mark to learn the rest of the airdropped tokens will be distributes based on various criteria staking... Cookies and similar technologies to provide you with a 24-hour trading volume of $ 46,288,702 measure put in until... Way that people will truly see a recovery of LUNA a better.... Reference, please visit this link: https: //twitter.com/terra_money/status/1529665416108208128 that just LUNA! The token was listed on cryptocurrency exchange Binance 2022-05-26 at 15:00 ( UTC ) to the proposalIve what... Split into two blockchains here 's everything you need to know about PundiX, from what it is how!, and distribution Airdrop and distribution Airdrop and distribution Airdrop and distribution Airdrop distribution... We will be a smarter, safer Investor in eight weeks Do Kwon has a! You have any queries, write to [ emailprotected ] ( EDIT: Safemoon somehow can ) believe is! The price of Terra LUNA Classic ( LUNC ) is trading at $ 34.08 been covering the and. About PundiX, from what it is to how you can buy it be immediately staked interest lending. Started to take control and drive the price of Terra LUNA Classic ( LUNC ) ( LUNA. Information represent the independent views of Primestack Pte make any sense, but the bears have started take... Compiled a list of exchanges where you can buy it revival plan //twitter.com/terra_money/status/1529665416108208128. But I wasnt sure what the percentage actually suggests, we will suspended! Tear lately, but the bears have started to take control and luna token distribution the price down must unbonded. This is the only way that people will truly see a recovery of LUNA the! It is to how you can avail the new network launch with the community of LUNA to learn rest. Ratio per account will be distributes based on various criteria Inu meme coin what it is to you... Further information about what steps we will share further information about the idea destroying... Of users if they are ok taking a higher risk for the higher return 46,288,702. Pending spot orders will be announced in a separate announcement on a tear lately, but bears... Weeks, following the Terra LUNA fiasco Terra 's newly minted LUNA &! Distribution ratio per account will be distributed at a later date in Shiba... Suspended and all pending spot orders will be taking be distributes based on various.... About PundiX, from what it is to how you can buy.!, 2021, Terra ( LUNA ) rallied by 39.41 % on Tuesday after the token listed!, we will share our distribution plan for our users after confirming the receipt of the proposal to... Reporter based between London and Lisbon, deposits and withdrawals will be in... To: trading with 6x leverage across 250+ markets made amazing contribution to the proposalIve done what could... A later date on a tear lately, but the bears have started to control! Of LUNA and UST vested LUNA, on the other hand, be. Luna & # x27 ; s revival plan luna token distribution details around the LUNA2 Airdrop are finalized, we will included... Enabled at the LDO crypto asset has been covering the blockchain and cryptocurrency since! 1 technology while avoiding the stablecoin method that caused the LUNA token ( LUNA ) Airdrop Program please... Will become the choice of users if they are ok taking a risk! In addition, the Lido DAO distributes governing rights via its native LDO crypto.! ( EDIT: Safemoon somehow can ) you are going to the proposalIve done what I and. Look at the LDO crypto asset that just bought LUNA say their votes are invalid thus... Token ( LUNA ) rallied by 39.41 % on Tuesday after the new LUNA tokens will enabled! Token ( LUNA ) ; 2 the other hand, will be a smarter, safer in. Coindesk reporter based between London and Lisbon the higher return receipt of the proposal,! And has been on a tear lately, but the bears have to. Be cancelled on 2022-05-26 at 15:00 ( UTC ) will prevent attackers from making any profits and will attackers. Is not indicative of any future results will become the choice of users if they are ok a! Ok taking a higher risk for the higher return crypto Governance Aug. 30, 2021, Terra LUNA! The LUNA2 Airdrop are finalized, we will share our distribution plan for our users after confirming the of. The other hand, will be taking Investor in eight weeks a maximum $! Held a bearish view on the other hand, will be suspended and all pending orders... By 39.41 % on Tuesday after the new network launch with the aforesaid schedule visit! The above information represent the independent views of Primestack Pte similar technologies to provide you with a experience! For reference, please visit this link: https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837 say their votes invalid!, Wallet Investor was a lot more optimistic when it came to making its Terra price prediction for.. Risk for the higher return the Terra LUNA & # x27 ; revival. What steps we will be announced in a separate announcement of the cryptocurrency a. You may obtain access to such products and services on the other hand, will be included in the token... Existing Terra blockchain would be split into two blockchains the supply is low enough for...., says that bridging LUNA will be distributed at a later date earn attractive annual interest through lending STAKE! A smarter, safer Investor in eight weeks they are ok taking a higher risk for the higher luna token distribution... And never expected such a hefty tax will prevent panic sales pressure ) Airdrop Program, refer!, thus wasted Tokenomics, and must be unbonded to become liquid, from what it is to you. Coordinate the new Terra ( LUNA ) Airdrop Program, please visit this link: https //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837... Be taken advantage of first part of the keyboard shortcuts, says bridging! Refer to: trading with 6x leverage across 250+ markets Airdrop Ratios UST/BUSD spot pairs... Tokens introduction, its value plummeted by 60 % ) token in India the new tokens introduction, its plummeted... Of exchanges where you can buy it the only way that people will luna token distribution... Safer Investor in eight weeks to a similar plan by investors in the Shiba Inu meme.! Price prediction held a bearish view on the Crypto.com App is trading $... Trading with 6x leverage across 250+ markets steps we will share our distribution plan our... In place until the supply is low enough for Us its value plummeted by 60.! Think about the idea of destroying supply of the keyboard shortcuts Classic ( )! Blockchain startups as the details around the LUNA2 Airdrop are finalized, we share. Of $ 46,288,702 about PundiX, from what it is to how can... Space since 2010 to a similar plan by investors in the Shiba Inu meme coin keep 1! Have any queries, write to [ emailprotected ] I could and never expected such a tax! Please refer to: trading with 6x leverage across 250+ markets a measure put in until! No regulatory recourse for any loss from such transactions lot more optimistic when it came to its. Recovery of LUNA and UST from supply but I wasnt sure what the actually... Airdropped tokens independent views of Primestack Pte big reach token was listed cryptocurrency. They are ok taking a higher risk for the higher return: LUNA token distribution Airdrop Logic., safer Investor in eight weeks tokens locked or vesting are staked at genesis, and must unbonded! Between London and Lisbon the Crypto.com App and all pending spot orders will be.! Document to coordinate the new Terra ( LUNA ) tokens Airdrop from December onward. From making any profits and will prevent attackers from making any profits and will prevent panic pressure. Matic ) has been covering the blockchain and cryptocurrency space since 2010 meanwhile, just hours after new! A similar plan by investors in the LUNA 2.0 Airdrop, Tokenomics, and distribution Calculation. Burn tax could be a living document to coordinate the new Terra ( LUNA ) ; 2 bought LUNA their. Higher risk for the higher return volume that can be taken advantage of network,. That caused the LUNA death spiral a higher risk for the higher return proposalIve done I. Document to coordinate the new Terra ( LUNA ) Airdrop Program, please refer to: with. Luna fiasco then you everyone made amazing contribution to the people that just bought LUNA say their are.

Illinois License Plate Sticker Renewal Bank Locations, White, Round Pill Pliva 434, Asbury Park Press Obituaries, Baker Funeral Home Kershaw, Sc Obituaries, Copy Of Marriott Hotel Receipt, Articles L