So far, the market has been able to respect the peg even at times when it went as high as 30 . You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. 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). Address: Road Town, Tortola, British Virgin Islands. 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.. The arrangements are as follows: 1. Any LUNA tokens presently held in the bridge contract will be placed aside "as part of the community pool for distribution after the chain launches," according to the contract. What is PundiX (PUNDIX) Token? LinkedIn Token Graph. There may be no regulatory recourse for any loss from such transactions. Token Distribution. new LUNA Tokens will be distributes based on various criteria. 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. What financial advisors need to know about crypto. Community pool will receive 30% of the token distribution, with 10% earmarked for developers. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 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. KuCoin has finished the first distribution of the new Terra (LUNA) tokens to Luna Classic (LUNC) (old LUNA) and Terra Classic USD (USTC) (old UST) holders at the ratio below:. In this case, each LDO token holds the weight of one vote, meaning that voting . Now the rest belongs to the community. . The old chain to be called Terra Classic (token Luna Classic LUNC), and the new chain to be called Terra (token Luna LUNA). 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. The table below is the Terra project teams token distribution plan. Fast and secure decentralized digital asset exchange, Bringing blockchain broadcasts to you live, Verified user credentials for the Web3 era, Perpetual or Quarterly Contracts settled in USDT or BUSD, Perpetual or Quarterly Contracts settled in Cryptocurrency, Enjoy increased leverage without risk of liquidation, Exclusive ranking for Binance traders, follow top traders' strategies, View our full range of crypto-derivative instruments, Learn how you could practice responsible trading with Binance Futures, Expand your knowledge and get the latest insights in Derivatives Trading, VIP Exclusive, Tailor-made Institutional Grade Services, Commit your crypto holdings and enjoy high returns, Mine more rewards by connecting to the pool, Get an instant loan secured by crypto assets, Premium digital asset solutions for institutions, Connect and grow with Binance liquidity solutions, Discover various asset management solutions, One-stop station made for VIP and institutions, Secure digital assets with leading infrastructure, Bespoke institutional loan with wide coverage, Binance Completes the Terra (LUNA) Airdrop Distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) Holders, Binance Will Support the Terra Classic (LUNC) and Dock (DOCK) Network Upgrades. As soon as the news about the new Terra LUNA 2.0 Airdrop was announced, crypto investors have been anticipating the exchanges that will support this. possible causes of the drop and what it could mean for the investment portfolio. Trading with a near limitless order book. For more information, please refer to. LUNA2 airdrop. In addition, the LUNA token's price can secure a maximum of $4.67. Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens. "By adding the LUNA Token to the Voyager platform, our U.S. customers will now have one of the first direct fiat-to-crypto on-ramps available on mobile devices," said Steve Ehrlich, Co-founder and . As Per press time, LUNAs price is trading near $6.09. The Terra ecosystem and its community are worth preserving. Twitter https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. Lend 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. News and analysis for the professional investor. Referral Program, Margin Why Does Bitcoin Layer 2 Stacks Still Have Outstanding Potential In The Future? 20% temporary fee for sale transaction and 1-2% for buyingAll in order to: there was no desire to sell on a short run. In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. Terra Powered by LUNA. Today it reached a high of $1.76, and now sits at $1.73. TFLs wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain, Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem. 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%. What you are going to read here is first part of the proposal. In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. @CryptoMichNL The @federalreserve will need to thread that needle carefully if it wants to avoid a #recession . Trade The above mentioned pointers are as Terra has mentioned in their blog, to sum it up in simple words: Community pool will be receiving 30%. There's also a new LUNA token to go with it. Several exchanges supported the airdrop of the new token over the weekend, with KuCoin and ByBit being the first to list it. - from June 2023 onward, monthly distribution over 24 months. Luna 2.0 is the brand new token of the Terra blockchain, launched in an attempt to save the Terra ecosystem after the crash of the UST stablecoin. Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.. UST or LUNA on Terra protocols that cannot be easily identified. Pre-attack LUNA holders: 35%. 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. Around 14/15 tokens per million post . About Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA); 2. Email us: [emailprotected]. The transformation of value in the digital age. The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . Luna Holders. No lockup. at Terra Classic block height of 7,790,000. click below link to register. This will be a living document to coordinate the new network launch with the community. 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. The exact distribution mechanism of this 1 billion . I believe this is the only way that people will truly see a recovery of LUNA and UST. LUNA that has not yet been vested can be removed at any time. How Will the Terra LUNA 2.0 Airdrop Token distribution be Calculated? 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. A new Luna coin will also be produced as a result. Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. 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. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. As of this weekend, 50 billion tokens have been reportedly . Leverage up to 20x with Crypto Futures, LEND For further information about the new Terra (LUNA) Airdrop Program, please refer to: Address Graph. As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. So what does these term mean? The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . Pre-attack aUST holders - 10%. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). @terra_money. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. 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. Please someone explain!! 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. At its peak in April this year, the investment in stable coins reached a . Quant Strategist / High Frequency Trading Full Time, Security After the de-pegging of the previously know Terra LUNA token, the new Terra network is set to inherit the deep developer pool and passionate LUNAtic community that has contributed in making Terra Classic the 2nd largest smart contract blockchain behind Ethereum. LUNA 2.0 Airdrop, Tokenomics, and Distribution Airdrop and Distribution. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake. A new Terra blockchain is set to go live on mainet Friday. At the time of writing, luna 2 was trading at $8.18, with a self . Investors, on the other hand, appear to be able to receive their benefits at any time. 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). - 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. LUNA2 will be listed for Limit Order trading on CoinSwitch. So what does these term mean? The eligibility criteria and distribution details will follow in a separate announcement. It wont be like Safemoon, because in its case all transaction fee volume is distributed between holders (fat get fatter and only part of it is burned). We have huge volume that can be taken advantage of. Airdrop rules Trading with a near limitless order book. 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. Binance Staking will make a further announcement with more details relating to the airdrop for users with LUNA (old) and UST (old) in their Locked Staking accounts. "The distribution . Liquidity providers (LPs) on Terraswap. Will it continue to fall below $1? 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. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. Don't have your own account? Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. Further details are shown in the timeline below: LUNA (old) and UST (old) deposits and withdrawals will be suspended on 2022-05-26 at 14:00 (UTC). Read more to find out! 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. The Official tweet from Terra stated: https://twitter.com/terra_money/status/1529665416108208128. Lets gather here ideas that may inspire/help them in making their decision. A total of 1 billion new Luna 2.0 tokens were . Undoubtedly, one of the hottest topics is the incoming LUNA airdrop and the way it's distributed to LUNC token holders. Here we will take a look at some of the most popular crypto bridges and how they work. 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. Then the price rallied towards the $20 level. 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. !The final decision will belong of course to the team. 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. The volatility in UST's price is, therefore, absorbed through the minting and burning of LUNA tokens. 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. To preserve network security, all airdropped tokens will be immediately staked. The Luna token skyrocketed about 135% in less than two months until its peak in April 2022. LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. All rights reserved by Primestack Pte. 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. I think recovery is going to be a mid term to longer road, than a shorter one, and in some ways the longer road will allow for a healthier return. I wish the best for everyone here.. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team's token distribution plan. The new LUNA Tokens will be distributes based on various criteria. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. Please dont vote if you havent staked LUNA. Luna (LUNA) price is up 0.120000% in the last 24 hours. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. The new Terra 2.0 token (LUNA) will be airdropped to eligible users based on the token distribution plan set out by Terraform Labs as part of their LUNA recovery plan - Terra Ecosystem Revival . He has also interviewed a few prominent experts within the cryptocurrency space. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! 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