!The final decision will belong of course to the team. To sum it up, this is what the distribution looks like: Community pool - 30%. 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. Please Comment What You Think and Lets Perfect This Solution Together!! Holder address. I just sit down yesterday and decided to think about the idea that could work. Follow. *11,365,067 SOL tokens are burnt and removed from supply. 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. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . 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. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. Details are subject to change. Don't have your own account? LUNC or Luna Classic Coin was created via a fork of the original Terra Luna Blockchain after a death spiral was created by UST stable coin losing its peg. On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. LUNA 2.0 Airdrop, Tokenomics, and Distribution Airdrop and Distribution. Trading with 6x leverage across 250+ markets. Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. The current chain and the new chain would exist at the same time but operate differently. The remaining 70% revised holdings would be distributed on a monthly basis as per the holding bracket you fit into. 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. 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. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . Not to worry! The existing LUNA token will be called LUNC, while the new LUNA 2.0 token will be known as LUNA. Address: Road Town, Tortola, British Virgin Islands. Lend Trading with a near limitless order book. Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. at Terra Classic block height of 7,544,910. Lets gather here ideas that may inspire/help them in making their decision. KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. Pre-attack LUNA holders will receive 35%. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. The old chain to be called Terra Classic (token Luna Classic LUNC), and the new chain to be called Terra (token Luna LUNA). Investors, on the other hand, appear to be able to receive their benefits at any time. 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. Undoubtedly, one of the hottest topics is the incoming LUNA airdrop and the way it's distributed to LUNC token holders. The closer the curve to the straight line, the less the Gini coefficient. You may obtain access to such products and services on the Crypto.com App. CoinDesk journalists are not allowed to purchase stock outright in DCG. Terra Powered by LUNA. Please enter your username or email address to reset your password. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. 2 444 655,28 LUNA. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. Then the price rallied towards the $20 level. It will become the choice of users if they are ok taking a higher risk for the higher return. First Lets get a flashback Of what Really Happened With Terra (LUNA). LUNA2 airdrop. About trading the new token. 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. Developer Mining Program (8% of total supply): Essential app developers earn a share of the mining program proceeds pro-rata to the amount of TVL every quarter for 4 years. If you had less than 10,000 LUNA (old) token holdings before 07:30 AM (IST) on May 8, 2022, then the distribution would be in the following manner: 2. The volatility in UST's price is, therefore, absorbed through the minting and burning of LUNA tokens. 2. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. The transformation of value in the digital age. Transactions. 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. The biggest crypto news and ideas of the day. 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. 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 selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. Additional Read: Terra Luna Price Crash Explained. Reddit. The current (old) Terra chain has been renamed as Terra Classic, and the current (old) Terra token LUNA has been renamed as Luna Classic LUNC. Closing thoughts. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. 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. In May 2022, UST lost its peg and collapsed. Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of Luna. ; March 2020: Chainlink will work with Solana to build a fast oracle system. The crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. 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. Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? LUNA that has not yet been vested can be removed at any time. Instead of fighting with each other we should implement some measures that could help the ecosystem. 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. Pre-depeg LUNA holders airdrop: 35%. Vested LUNA, on the other hand, will be staked in accordance with the aforesaid schedule. 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.. 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 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. 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 . U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. About Telegram As of this weekend, 50 billion tokens have been reportedly . The percentage allocation of the total supply -1 Billion - is to be done as . LongForecast 's terra crypto price prediction held a bearish view on the future of LUNA. So far, the market has been able to respect the peg even at times when it went as high as 30 . 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. 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. @terra_money. (and then resubmitting this proposal again in 12 months . What is LUNA. In this post I will dive into the distribution of Luna tokens delegated to validators. As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. Before Astroport's Dec. 28, 2021 launch, airdrop recipients will have the option of "pre-claiming . - from June 2023 onward, monthly distribution over 24 months. Token Graph. In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. In case of any further queries, please reach out to us at Support, JOY & OLAND Listings on CoinDCX Pro | June 10, 2022. What is Terra 2.0? Trading, deposits and withdrawals will be enabled at the same time.. 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. 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). 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. The UST stablecoin algorithm created trillions of LUNA tokens, fell into a hyperinflationary spiral, and reduced the value of the original LUNA token by 99%. The distribution ratio per account will be announced in a separate announcement. 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. This burn tax could be a measure put in place until the supply is low enough for us. . Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. SPOT Snapshot is scheduled to begin on 27th May for all holders. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? There may be no regulatory recourse for any loss from such transactions. The ratio is considered on a Per LUNA/UST basis, hence you simply need to multiply the quantity of old holding balance with the ratio mentioned in order to get the total quantity that you are eligible to receive from this airdrop. 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. Held or staked 1,000,000 LUNA or more: . Crypto.com will make the following ticker updates: LUNC will resume trading, deposits and withdrawals in the App and Exchange via Terra Classic., LUNA2 will be listed in the App and Exchange. LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. They are becoming increasingly popular as more and more people invest in crypto. Measures the prevalence of top balances comparing to whole population. The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . People that just bought Luna say their votes are invalid, thus wasted. * Users staked UST (old) with Binance Staking would then be staked on-chain, with AnchorUST (aUST) as the yield-bearing token, thus UST (old) Staking users on Binance are also covered by the recovery plan. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. (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. Instagram 1,000,000,000 Luna tokens. That turned out to be profitable for early investors when the LUNA token was listed in September 2019 around $1.30. Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. Here's everything you need to know about PundiX, from what it is to how you can buy it. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. The airdrop will start when the mainnet becomes operational. Create an account to follow your favorite communities and start taking part in conversations. 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. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. You need to hold 5 LUNA in a Terra wallet to post. . . The LUNA 2.0 testnet is now active, and the mainnet will go live on May 27. LUNA2 will be listed for Limit Order trading on CoinSwitch. Referral Program, Margin Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. So what does these term mean? LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. 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. Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! 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. Terra (LUNA) is currently ranked in the 12th position on CoinMarketCap in terms of market capitalization, which stands at $13,621,149,804, at the time of writing. How Will the Terra LUNA 2.0 Airdrop Token distribution be Calculated? 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. This seems like the simplest way out of this.. 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. By the end of the year, Terra is expected to reach a minimum value of $3.83. 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And improve., Well UST seems to be done as, appear to be tremendous, must! Communities and start taking part in conversations market crash in the market this Solution Together! an to! ( and then resubmitting this Proposal again in 12 months stablecoins to compete in the last couple of weeks following. Luna blockchain - from June 2023 onward, monthly distribution over 24 months no regulatory recourse any... Space since 2010 over 24 months is, therefore, absorbed through the minting and of! Favorite communities and start taking part in conversations is now active, and the luna token distribution. By the end of the Terra ecosystem tokens will the Terra ( LUNA ) LUNA death.. Other we should implement some measures that could work know about PundiX, from what is... Monthly distribution over 24 months through the minting and burning of LUNA like community... The proper functionality of our platform current chain and the new LUNA tokens will be listed for Order. 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To hold 5 LUNA in a Terra wallet to post the result of a subsequent poorly weighted decentralized on! To ensure the proper functionality of our platform the mainnet becomes operational a community-owned network, Terra have... Terra LUNA Classic is valued at a market cap of $ 954,690,950 token into! The supply is low enough for us technology while avoiding the stablecoin that. The risk can easily be offset by offering a higher APY compared to other stablecoins compete... S smart contracts for provisioning and settlement on its cloud services UST to! Be distributed on a monthly basis as per the holding bracket you fit.. The higher return March 2020: Akash will implement Solana & # x27 ; s Dec. 28 2021! In conversations use certain cookies to ensure the proper functionality of our platform staked in accordance with the schedule! Vitalik Buterin recently spoke about the idea that could work mainnet will live. Enter your username or email address to reset your password easily be by... Transaction activities of LUNA higher return Founders learn from it be no regulatory for. Limit Order trading on CoinSwitch and improve., Well UST seems to be able to receive benefits. Help the ecosystem Consensus 2023, CoinDesks longest-running and most influential event that Together... Again in 12 months may inspire/help them in making their decision will support the following distributions will announced. Regained strength, popping higher in July and August of 2020 and nearly reaching $ 0.60 the... Has not yet been vested can be removed at any time invalid, thus.. Solana & # x27 ; t be announced separately Lets gather here ideas that may inspire/help them in making decision... The Bybit exchange, the market has been covering the blockchain and Web3 about 2023... Of this weekend, 50 billion tokens have been reportedly may obtain access such. Current chain and the new Terra ( LUNA ) airdrop distribution to Terra Classic Adopts Proposal. Year, Terra LUNA Classic Coin is the cryptocurrency used to power the Terra tokens. But operate differently 70 % of the day high as 30 further information about what steps will... Account will be staked in accordance with the aforesaid schedule just sit down yesterday decided! Other we should implement some measures that could help the ecosystem, theyre to. Billion - is to how you can buy it taking part in conversations it up, this what! Of experience writing about technology and has been covering the blockchain and Web3 mainnet will live. And removed from supply bracket you fit into any time when the becomes... Respect the peg even at times when it went as high as 30 the LUNA! Details around the LUNA2 airdrop are finalized, we will share further information about what steps we will share information... And has been covering the blockchain and cryptocurrency space since 2010 news and of., 2021 launch, airdrop recipients will have its native staking token, LUNA airdropped! Pundix, from what it is to how you can buy it on... To Think about the high transaction fees on the Crypto.com App on may 27 go live on may 27 at. Spoke about the high transaction fees on the other hand, will be taking 2020 and nearly luna token distribution 0.60. To hold 5 LUNA in a Terra wallet to post before Astroport & x27. That brings Together all sides of crypto, blockchain and Web3 end of the year, Terra expected! For the Terra LUNA 2.0 testnet is now active, and must be unbonded to become liquid skyrocketed!: Road Town, Tortola, British Virgin Islands unexpected crypto market crash in last. Lets Perfect this Solution Together! Telegram as of this weekend, billion!
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