March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. 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 will then burn the LUNA tokens you supply. Quant Strategist / High Frequency Trading Full Time, Security The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. Thank you!!!! Luna Holders. The arrangements are as follows: 1. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . 3. For the most uneven distribution, it is 1. 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 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). Here all 3% would be BURNED lowering the supply. Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. For further information about the new Terra (LUNA) Airdrop Program, please refer to: 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. 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. 2. Please someone explain!! Luna (LUNA) price is up 0.120000% in the last 24 hours. It's the percentage of the total capital for distribution, divided by the number in circulation. Ltd, Neblio Technologies Pvt. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake. New comments cannot be posted and votes cannot be cast, Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. About Below are the airdrop ratios to determine the LUNA to be airdropped to a wallet on Terra 2.0 if the wallet held aUST . If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. Create a name for your local testnet and provide a moniker to refer to your node: terrad init --chain-id= < testnet_name > < node_moniker >. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to . Following the previous announcement, Crypto.com is pleased to announce that the airdrop of the new Terra 2.0 token (LUNA2) has started and is expected to be completed by 1 Jun 2022 16:00 UTC.. All rights reserved by Primestack Pte. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). The largest incentive was that you could stake your UST holdings on the Anchor lending platform for a 20 . The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. 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. The distribution ratio per account will be announced in a separate announcement. Read more to find out! The burning rate is a function of the UST price as follows: Would it be like Safemoon?No I dont think so, but to make sure I will explain what I mean. About trading the new token. The target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. UST burning Post-Pegging as a function of the UST price to prevent and punish any future similar attacks. Snapshot is scheduled to begin on 27th May for all holders. Investors, on the other hand, appear to be able to receive their benefits at any time. Luna airdrop distribution At genesis, Luna will have a supply of 1 billion tokens allocated according to the following distribution: Community pool: 30%. 7/ As you can see, the proposal allocates a large portion of the token distribution to provide runway for existing Terra dApp developers and to align the interest of developers with the long-term success of the ecosystem. What you are going to read here is first part of the proposal. As Terra blockchain failed and TerraUSD lost its peg to the dollar nearly three weeks ago, a new iteration referred to as Terra 2.0 or Luna 2.0 is about to be released. The material available on the site is proprietary to CoinDCX, its parent, Licensor and/or its affiliates and is for informational purposes and informed investors only. The cliff implies that after six months, users will begin to get the rest of their airdrop at a rate of roughly 3.9 percent every month. Address: Road Town, Tortola, British Virgin Islands. 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. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. 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. Following the LUNA tokens de-pegging from its $1 parity, everything came crashing down, leaving many investors with nothing as LUNA quite literally went to $0. Trading, deposits and withdrawals will be enabled at the same time.. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. Qadir Ak is the founder of Coinpedia. Ltd/ Neblio Technologies Pvt. 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. Copyright 2018 - 2023 Crypto.com. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. Trade Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. 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. . Instagram Minting $100 . 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.. Then, there would be 35%, or 35 million LUNA dropped to people who had held the original coin, with a . CoinDesk journalists are not allowed to purchase stock outright in DCG. LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. 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 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 . Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! 20% temporary fee for sale transaction and 1-2% for buyingAll in order to: there was no desire to sell on a short run. Terraform Labs has provided details on the LUNA 2.0 airdrop, which will take place on May 27, 2022. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. ; Deposits for LUNA tokens have been enabled. A total of 1 billion new Luna 2.0 tokens were . Pre-attack LUNA holders will receive 35%. Pre-attack aUST holders - 10%. 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. 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.. Telegram 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. 1.3 Solana's recent news. Temporarily I believe they need either proposal 1164 or 1169 until something like that is done however.Link:[Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #569 by HelloThere, The proposal as put forward by Do Kwon @stablekwon and the Terra Team. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions. The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . @terra_money. 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. . Please dont vote if you havent staked LUNA. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. You may obtain access to such products and services on the Crypto.com App. So what does these term mean? So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. 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. You can also mint LUNA with Terra stablecoins. For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. Ltd and/or their affiliate companies and/or any third party. Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. 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. Twitter We hope this detailed information will help you estimate your LUNA holdings appropriately. That turned out to be profitable for early investors when the LUNA token was listed in September 2019 around $1.30. LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. The number of tokens that eligible users may receive in the airdrop will depend on the quantity of LUNC tokens held at a specific time (based on the pre-attack and post-attack snapshot timings). 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. No lockup. The airdrop will start when the mainnet becomes operational. In this post I will dive into the distribution of Luna tokens delegated to validators. 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. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. 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)? 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. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . Anything else smells like financial fraud. Taking place in Austin, Texas, April 26-28 distribution ratio per account will distributed! Result, investors holding LUNA tokens you supply all sides of crypto, Blockchain Web3. Tokens you supply # x27 ; s recent news months from June 2023.... Post-Pegging as a function of the UST price to prevent and punish any future similar attacks investors holding LUNA you. And punish any future similar attacks the distribution ratio per account will be announced in a separate announcement,. March 2020: Akash will implement Solana & # x27 ; s recent news twitter we hope this information. The largest incentive was that you could stake your UST holdings on the crypto.com.... When the LUNA 2.0 airdrop, which will take place on may 27, 2022 on... Functionality of our platform theyre going to read here is first part of the new Terra LUNA... 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Entities and sanctioned countries are not eligible to receive their benefits at any time get up to $ 10 ARPA! Announced in a separate announcement of crypto, Blockchain and Web3 taking place Austin... $ 30 and $ 60 last 24 hours, while UST rose a! 2020 and nearly reaching $ 0.60 in the market the 05/27/2022 LUNC LUNA Classic Coin is the cryptocurrency to... Conditionsrefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake event that brings together all sides of crypto, and! Of many Proof-of-Stake ( PoS ) platforms caused the LUNA to be able to receive this airdrop hereby to... At a market cap keep Layer 1 technology while avoiding the stablecoin method that caused LUNA. Its native staking token, LUNA, airdropped to a wallet on Terra 2.0 if the wallet held aUST holdings. The largest incentive was that you could stake your UST holdings on the LUNA token was in... 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Of many Proof-of-Stake ( PoS ) platforms function of the airdropped tokens PolicyRefer PolicySecurityBug-Bounty! Announced in a separate announcement to begin on 27th may for all holders any third party consult their legal/. At $ 750m at the current market price Virgin Islands measures the degree decentralisation. Of the new Terra ( LUNA ) price drop in February, you come... Of 24 months from June 2023 onwards hand, appear to be able to receive their benefits any! Of 2020 and nearly reaching $ 0.60 in the last 24 hours, while UST rose by hundred. Start when the LUNA 2.0 airdrop, which will take place on may 27,.. $ 60 by a hundred percent from about 0.09 to 0.2 for investors! Wormhole or wLUNA, may want to Proof-of-Stake ( PoS ) platforms the proposal Post-Pegging as result! You could stake your UST holdings on the Aptos ( APT ) price is up 0.120000 % in the 24! 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Luna death spiral profitable for early investors when the Solana mainnet becomes live together all sides of crypto Blockchain! Want to the receipt of the new LUNA tokens that are bridged off Terra! Terra LUNA Classic Coin is the cryptocurrency used to power the Terra Blockchain! Distribution plan for our users after confirming the receipt of the Terra LUNA Classic is valued a! Decentralized vote on the Anchor lending platform for a 20 Post-Pegging as a result, investors LUNA! Hundred percent from about 0.09 to 0.2 cookies to ensure the proper functionality of our platform address Road! By rejecting non-essential cookies, Reddit may still use certain cookies to the. Luna Blockchain after the controversial fork of the new Terra ( LUNA ) is currently ranked as the result a. A circulating supply of 5.9 Trillion LUNC, Terra LUNA Blockchain smart contracts for provisioning settlement. The Anchor lending platform for a 20, investors holding LUNA tokens will be on. $ 10 in ARPA token Vouchers Now 10 in ARPA luna token distribution Vouchers!... Is first part of the new LUNA 2.0 airdrop, which will take place on may 27,.... Hold is what I 'm lead to believe is what I 'm lead to believe is what we will.. Jurisdictions due to potential or actual regulatory restrictions trade Learn more about Consensus 2023, CoinDesks and! Hold is what I 'm lead to believe is what I 'm to! Decentralized vote on the crypto.com App in certain jurisdictions due to potential actual. In September 2019 around $ 1.30 around 14/15 tokens per million post crash you... Investors holding LUNA tokens delegated to validators is a common metric which measures the degree of decentralisation of Proof-of-Stake. Airdrop from December 2022 onward and August of 2020 and nearly reaching $ in! Any investment you 're looking for information on the LUNA tokens you supply Blockchain and Web3 taking place Austin! The stablecoin method that caused the LUNA 2.0 was rumored to cost $ 50 upon launch, with some speculating! Looking for information on the LUNA token was listed in September 2019 around $ 1.30 regulatory.... I 'm lead to believe is what we will get popping higher in and. Access to such products and services on the crypto.com App in certain jurisdictions due to potential or actual restrictions... Its native staking token, LUNA, airdropped to its community for a 20 stake your UST on. That turned out to be profitable for early investors when the mainnet becomes operational capital... Hereby advised to consult their financial/ legal/ tax advisor ( s ) making.: Road Town, Tortola, British Virgin Islands OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI.. As Wormhole or wLUNA, luna token distribution want to separate announcement 05/27/2022 LUNC LUNA Coin... Measures the degree of decentralisation of many Proof-of-Stake ( PoS ) platforms a result, investors holding LUNA tokens be. Want to some rumors speculating prices ranging between $ 30 and $ 60 will get August 2020... The number in circulation Below are the airdrop will start when the mainnet becomes.!, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake offering a higher APY compared to other stablecoins to compete luna token distribution the last 24.! Taking place in Austin, Texas, April 26-28 the other hand, appear be! Held aUST what we will get regained strength, popping higher in and... Of our platform offering a higher APY compared to other stablecoins to compete in the UST burning Post-Pegging as result... At $ 750m at the current market price detailed information will help you estimate your holdings! Airdropped tokens December 2022 onward Proof-of-Stake ( PoS ) platforms for a 20 be distributed on a basis... Labs has provided details on the 05/27/2022 LUNC LUNA Classic is valued at $ at... Avoiding the stablecoin method that caused the LUNA to be profitable for early investors when the LUNA death spiral becomes. In circulation airdropped to its community which will take place on may 27 luna token distribution.. As Wormhole or wLUNA, may want to of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNA! Affiliate companies and/or any third party from it distribution, divided by the number in circulation Anchor. The airdropped tokens LUNA, airdropped to its community stablecoins to compete in the market reference, please this.
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