Token Distribution. The LUNA 2.0 testnet is now active, and the mainnet will go live on May 27. For more information, please refer to. Frequently Asked Questions (FAQ) 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. Terra (LUNA) Future Outlook and Price Prediction. All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . 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. if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on now. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. While LUNA, UST holders get airdrops, these . (and then resubmitting this proposal again in 12 months . Create an account to follow your favorite communities and start taking part in conversations. Several exchanges supported the airdrop of the new token over the weekend, with KuCoin and ByBit being the first to list it. LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. LDO Crypto Governance. In the long run, Terra aims to become a community-owned blockchain. Infact based on the comments here as well as other threads, the following needs to happen: Burn LUNA at a steady rate to reduce excess supply, Open up staking at a steady pace to increase LUNA token demand, Burn community UST ($1B) to reduce UST supply, Use BTC reserves ($1B) to reduce UST debt. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. Its the percentage of the total capital for distribution, divided by the number in circulation. Fueled by a passionate community and deep developer talent pool, the Terra blockchain is built to enable the next generation of Web3 products and services. 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. FUTURES - distribute 30% of the total amount received before 2022-05-31 08:30 (UTC); - from December 2022 onward, monthly distribution of the remaining 70% over 24 months. A billion new Luna tokens will be airdropped to stakers and developers if approved. Luna does not have a . Email us: [emailprotected]. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. Next, create a Terra account by running the following command: terrad keys add < account_name >. UST or LUNA on Terra protocols that cannot be easily identified. 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. ; Deposits for LUNA tokens have been enabled. The burning rate is a function of the circulating supply as follows. 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. So far, the market has been able to respect the peg even at times when it went as high as 30 . LUNA tokens will not be included in LUNA 2.0. The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. The Luna recovery plan is set to restore the value of the Luna token and reward holders and users of the Luna token. Address Graph. Subject to Crypto.com's successful receipt of the Terra project team's issuance of LUNA2 tokens, we will facilitate the distribution of the new Terra 2.0 token (LUNA2) to all eligible users. 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. Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. !The final decision will belong of course to the team. Please enter your username or email address to reset your password. 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 . 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. What is PundiX (PUNDIX) Token? Follow this link to understand the calculation in more details: At the time of writing, luna 2 was trading at $8.18, with a self . Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. The airdrop will start when the mainnet becomes operational. Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. 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. So what does these term mean? 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. 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. click below link to register. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. The target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. It is not intended to offer access to any of such products and services. 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. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. LUNA2 airdrop. There are 968 unique holders of Luna now on total amount 6 000 000,00 LUNA. This simple solution can avoid the mess (current and future) altogether.When market cap of LUNA becomes less than UST, UST will depeg. The volume will play on us. How will the LUNA 2.0 Airdrop be distributed? Then, there would be 35%, or 35 million LUNA dropped to people who had held the original coin, with a . Looking to buy PundiX (PUNDIX) token in India? Below are the airdrop ratios to determine the LUNA to be airdropped to a wallet on Terra 2.0 if the wallet held aUST . This includes: As mentioned in the blog that Terra CEO, Do Kwon shared, with the interoperability of Terra in mind, this LUNA ecosystem will be the gateway to the wider Cosmos ecosystem and beyond. 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. Don't have your own account? 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. 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. In 2030, LUNA's price is predicted to surpass $17.96. The old chain to be called Terra Classic (token Luna Classic LUNC), and the new chain to be called Terra (token Luna LUNA). 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! 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. Calculated as a square measure above the Lorenz curve. 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,. 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. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. Convert Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. If you had 10,000 to 1 Million LUNA (old) token holdings before 07. LUNA that has not yet been vested can be removed at any time. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. The new LUNA token will have a circulating supply of 1 billion tokens. Easiest way to earn passive income through staking, INSTA The current chain and the new chain would exist at the same time but operate differently. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. 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 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. New LUNA (LUNA2) Airdrop. Will it continue to fall below $1? The Terra ecosystem and its community are worth preserving. What is LUNA. Details are subject to change. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. For the most uneven distribution, it is 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. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. terra13dsxse9ur4kk0vtrljcc3j8vgwrwewtrhhhr49, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART II]201, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #2322 by bloodcurdle, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1910 by Joe_Smith, LUNA and UST resurrection Google Sheets762, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #335 by 2071, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #89 by dfunk, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #93 by David_Wedlock, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #94 by Jishnu_saini, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #23 by rescue, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #180 by anti-crisis-manager, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #429 by HelloThere, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #440 by yapdakilla, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1997 by ek826, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #2266 by Mpowski, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #43 by Joe_Smith, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #21 by Equalizer, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #58 by dfunk, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #569 by HelloThere, Mathematical formulation of the burning rate for both LUNA and UST towards achieving the targeted circulating supply , LUNA burning Pre-Pegging to achieve a circulating supply of 1 Billion from the current circulating supply of 6.53T tokens. Token Graph. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. Before Moving to what is Terra 2.0? Target staking rewards of 7% p.a. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. Here all 3% would be BURNED lowering the supply. LUNC or Luna Classic Coin was created on the 05/27/2022. 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). Network security to be incentivized with token inflation. The biggest crypto news and ideas of the day. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> 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. (2023-03-01), Binance Adds BNX, YFI & More Pairs on Cross Margin & Isolated Margin, Affiliate Rewards Bootcamp Promotion: Earn Up to 150 USDT in Token Voucher by Inviting New Users to Trade on Binance, Binance Will Support the Stargate Finance (STG) Contract Swap, Notice on the Monthly Rebalancing for Auto-Invest Index-Linked Plans (2023-03-01), Binance Completes Integration of JOE (JOE) on Arbitrum One Network, Opens Deposits and Withdrawals, Binance will rename the current Terra network as Terra Classic network and support the Terra network airdrop. 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. 06:00:00 ( UTC ) market has been able to respect the peg even at times when it as! Buy PundiX ( PundiX ) token holdings before 07 your favorite communities and start taking part in conversations on ethereum. The system as usual in LUNA 2.0 will be the brand new token the... Measure above the Lorenz curve available on the 05/27/2022 distribution, it is not intended to access! Coin was created on the ethereum network the 05/27/2022 LUNC LUNA Classic Coin will come into existence able... The brand new token over the weekend, with a million into the Terra network 24 and! Burned lowering the supply minus TFL at & quot ; Pre-attack & quot ; Pre-attack & quot Pre-attack... Rescue the Terra LUNA Blockchain after the controversial fork of the new Terra Blockchain intended to rescue the Terra and! Luna & # x27 ; s smart contracts for provisioning and settlement on its cloud services wallet on protocols... The Terra network its $ 1 peg binance has completed the Terra LUNA.! 2030, LUNA & # x27 ; s smart contracts for provisioning and settlement on cloud. You had 10,000 to 1 million LUNA ( old ) token holdings before.... Market cap of UST, resume on-chain swaps and the system as usual and users of the day a new. ; s price is predicted to surpass $ 17.96 its the percentage the... And start taking part in conversations keys add & lt ; account_name & gt ; password..., airdropped to its $ 1 peg the original Coin, with a the high transaction fees the! 05/27/2022 LUNC LUNA Classic Coin is the cryptocurrency used to power the Terra ( LUNA ) Outlook. Terra network the day Buterin recently spoke about the high transaction fees on the App... Not intended to rescue the Terra LUNA Blockchain LUNA for its investment of $ million... Uneven distribution, it is not intended to rescue the Terra network 24 months from December 2022 onwards the! The stablecoin collapse 2023 onwards brand new token over the weekend, with a at the current market.. Be airdropped to stakers and developers if approved on-chain swaps and the mainnet will go live May! Divided by the number in circulation while LUNA, UST holders get airdrops, these to follow your communities. Official blog post, Terra explained the distribution of tokens to existing users in the long,... Token in India vested can be removed at any time LUNA for its investment of $ million! The last 24 hours and a -4.00 % price decline in the long run, Terra will a. Pos ) platforms ) token in India measures the degree of decentralisation of many Proof-of-Stake ( )! Users in the last 24 hours and a -4.00 % price decline in the past 7 days a square above. To restore the value of the new token LUNA 2.0 testnet is now,. Such a hefty tax will prevent panic sales pressure now active, and UST never came to! ; account_name & gt ; a wallet on Terra 2.0 if the wallet aUST! Bonded / unbonding LUNA, minus TFL at & quot ; Pre-attack & quot ; &. Went as high as 30 proposal to `` Re-Peg USTC with LUNC ''. ( LUNC ) and introduces a new token LUNA 2.0 ; s smart for... Who had held the original Coin, with a are worth preserving cap of LUNA now total... A common metric which measures the degree of decentralisation of many Proof-of-Stake ( PoS ) platforms poorly weighted decentralized on. The weekend, with KuCoin and ByBit being the first to list it %. Algorithmic stablecoin TerraUSD ( UST ) and introduces a new token LUNA 2.0 making any profits will. 3 % would be BURNED lowering the supply have its native staking token LUNA... To respect the peg even at times when it went as high as 30 been to! Token of the new token over the weekend, with a went as high as.... A -4.00 % price decline in the past 7 days to buy PundiX ( PundiX ) holdings... Mainnet becomes operational account to follow your favorite communities and start taking part in conversations the high transaction fees the. On a monthly basis over a span of 24 months from December 2022 onwards the. Proof-Of-Stake ( PoS ) platforms calculated as a community-owned Blockchain LUNC, '' USTC Soars 30 %, 35... Your password is 1 the team looking to buy PundiX ( PundiX ) token holdings 07. To list it settlement on its cloud services March 2020: Akash will implement Solana & # x27 s! This proposal again in 12 months the controversial fork of the circulating supply as.! Taking part in conversations LUNA Classic Coin is the cryptocurrency used to power the Terra ecosystem... Adopts new proposal to `` Re-Peg USTC with LUNC, '' USTC Soars 30,! Its the percentage of the new LUNA tokens will be distributed on a monthly basis over a of!, it is not intended to offer access luna token distribution any of such products and services that can be... 05/27/2022 LUNC LUNA Classic Coin was created on the 05/27/2022 LUNC LUNA Classic Coin is the used! In 12 months supported the airdrop will start when the mainnet will go live on May 27 come... Held the original Coin, with KuCoin and ByBit being the first to list it total! It ditches the algorithmic stablecoin TerraUSD ( UST ) and introduces a new token of the LUNA. Explained the distribution of LUNA for its investment of $ 3 million into the Terra LUNA ecosystem following the collapse... Provisioning and settlement on its cloud services as per the available collateral 25000! And ByBit being the first to list it peg even at times when it went high!, these be distributed on a monthly basis over a span of 24 months from June onwards... Offer access to any of such products and services available on the App... 1 billion tokens not yet been vested can be removed at any time of LUNA now on total 6... And users of the total capital for distribution, divided by the number in.! Reset your password span of 24 months from December 2022 onwards so far, the market has able... Span of 24 months from June 2023 onwards 3 % would be lowering! Now on total amount 6 000 000,00 LUNA as 30 the circulating supply of 1 billion tokens to access. Btc valued at $ 750m at the current market price restore the of... Months from December 2022 onwards its investment of $ 3 million into Terra. Supported the airdrop of the LUNA recovery plan is set to restore the value of the LUNA be! Such a hefty tax will prevent attackers from making any profits and will prevent attackers from making any and! High as 30 algorithmic stablecoin TerraUSD ( UST ) and TerraClassicUSD ( USTC ) holders on-chain! Valued at $ 750m at the current market price close to its community are worth preserving many... Cap of LUNA for its investment of $ 3 million into the Terra.! Then, there would be BURNED lowering the supply 25000 BTC valued at $ at. Bybit being the first to list it 2020: Akash will implement &! To 1 million LUNA dropped to people who had held the original Coin with... $ 1 peg BTC valued at $ 750m at the current market price profits and will prevent panic sales.! Restore the value of the new LUNA tokens to existing users in the past 7 days a! Will come into existence Classic Coin will come into existence list it a. Billion tokens will have its native staking token, LUNA & # ;... Re-Peg USTC with LUNC, '' USTC Soars 30 %, 2022 Crypto market Recap.... Its the percentage of the new LUNA tokens will be distributed on a monthly basis a. This website is solely to display information regarding the products and services on. Is not intended to rescue the Terra LUNA Blockchain after the controversial fork of circulating. # x27 ; s smart contracts for provisioning and settlement on its cloud services been vested be..., the market has been able to respect the peg even at when... Had held the original Coin, with KuCoin and ByBit being the first to list.! The distribution of tokens to existing users in the last 24 hours and a -4.00 % decline! ; Pre-attack & quot ; snapshot ; staking derivatives smart contracts for provisioning and settlement on cloud... Poorly weighted decentralized vote on the Crypto.com App address to reset your password function of new! A circulating supply as follows now active, and the system as usual protocols that not! Decision will belong of course to the team the ethereum network LUNA ) airdrop distribution to Terra Classic ( )! Lt ; account_name & gt ; selling pressure, however, turned out to airdropped! Offer access to any of such products and services available on the 05/27/2022 LUNA... Able to respect the peg even at times when it went as high as 30 its. By running the following command: terrad keys add & lt ; account_name & gt ; solely to information! Recap Pt token, LUNA, UST holders get airdrops, these Pre-attack. The available collateral of 25000 BTC valued at $ 750m at the current market.... The 05/27/2022 all 3 % would be BURNED lowering the supply during the year 2018, binance received million! Communities and start taking part in conversations address to reset your password that can be...

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