In May 2022, UST lost its peg and collapsed. 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. I wasnt prepared for the hates I got from some people, so I will back off a little. Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. 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. new LUNA Tokens will be distributes based on various criteria. 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. About 30% of tokens will go to a pool of investors in . Closing thoughts. Ltd, Neblio Technologies Pvt. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. No lockup. As of Aug. 30, 2021, Terra (LUNA) is trading at $34.08. It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. First, initialize your genesis file to bootstrap your network. Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. In this post I will dive into the distribution of Luna tokens delegated to validators. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? There are essential apps that must exist in any web3 ecosystem to be viable: Essential app developers committing to launch on Terra will receive: Essential app developers looking to join for emergency allocation should signal public support for the net network on Twitter and social channels. LUNA 2.0 Airdrop, Tokenomics, and Distribution Airdrop and Distribution. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. The percentage allocation of the total supply -1 Billion - is to be done as . Gini Coefficient measures the inequality among address balances. 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. Vested LUNA, on the other hand, will be staked in accordance with the aforesaid schedule. Several exchanges supported the airdrop of the new token over the weekend, with KuCoin and ByBit being the first to list it. Reddit. Luna 2 initially rose to as high as $30 on ByBit before losing more than 80% of its value in less than two hours. Additional Read: LUNC Price Prediction Weekly. Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. Wouldnt that be wonderful? Twitter 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. It will become the choice of users if they are ok taking a higher risk for the higher return. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 After much uncertainty and debate on whether to go for the hard fork or not, the Terra community has finally voted in favor of the proposal. If you had 10,000 to 1 Million LUNA (old) token holdings before 07. Easiest way to earn passive income through staking, INSTA The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. . This will be a living document to coordinate the new network launch with 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). 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. Futures The table below is the Terra project teams token distribution plan. if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on now. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. New LUNA token distribution time. @CryptoMichNL The @federalreserve will need to thread that needle carefully if it wants to avoid a #recession . Investors will return.link: Validators can set their own minimum gas fees. (and then resubmitting this proposal again in 12 months . Minting $100 . To preserve network security, all airdropped tokens will be immediately staked. Here all 3% would be BURNED lowering the supply. About trading the new token. To get alerts, follow @terra_agora on Twitter or Telegram. Youll be eligible for the airdrop, according to a Terraform LabsMedium blog post, if you: And/or at the Post-Attack snapshot, hold: The snapshot timings used in the above criteria are shown below: The LUNA 2.0 genesis block will take place on May 27, 2022, at which point 30% of the LUNA airdrop will be distributed, with the remaining 70% distributed over two years with a six-month cliff. API Documentation, Contact Support Why Does Bitcoin Layer 2 Stacks Still Have Outstanding Potential In The Future? 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 . Then you everyone made amazing contribution to the proposalIve done what I could and never expected such a big reach. LUNA2 airdrop. Next, create a Terra account by running the following command: terrad keys add < account_name >. 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. 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.. (2023-03-02), Earn Wednesday: New Limited-Time Offers Available Now! Your weekly wrap of Web3 news and trends. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. 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. The ticker for the UST (old) token will be renamed as USTC. Get your step-by-step guide to setting up an account with Crypto.com. TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. 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. Pre Attack 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. 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). It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. Binance, Huobi, Bybit, Bitrue, Bitfinex, Kraken, FTX, Gate.io, OKX, and Bitget will airdrop LUNA to investors who held it before the snapshot or who held it during the snapshot on May 26. 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. Luna airdrop distribution At genesis, Luna will have a supply of 1 billion tokens allocated according to the following distribution: Community pool: 30%. 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. In an event that will live on in crypto history, the entire Terra ecosystem was wiped out and billions of dollars vanished from the market in less than a week. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. 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. It's the percentage of the total capital for distribution, divided by the number in circulation. LDO Crypto Governance. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. 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. LUNA tokens will not be included in LUNA 2.0. Trading with 6x leverage across 250+ markets. 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,. Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! . On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. Lets take a look at the This burn tax could be a measure put in place until the supply is low enough for us. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. A billion new Luna tokens will be airdropped to stakers and developers if approved. Lets gather here ideas that may inspire/help them in making their decision. Note Crypto products and NFTs are unregulated and can be highly risky. 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. 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. In my personal opinion this suggestion is a good direction. All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . All rights reserved. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6. Eligible Crypto.com App and Exchange users who hold (old) LUNA tokens at the specified snapshot timings (see table below) will be receiving the tokens in their accounts in a phased manner. The Terra community has now voted and accepted a proposal for LUNA 2.0 that essentially stated the introduction of a fork of a new chain but with many changes. 2 444 655,28 LUNA. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . The distribution will be announced separately. 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. How Will the Terra LUNA 2.0 Airdrop Token distribution be Calculated? More details will be announced separately. We have huge volume that can be taken advantage of. 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. The target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. . ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. 25% Community pool, controlled by staked governance. 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:. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. CoinDCX will support LUNA & UST Migration and New LUNA Airdrop, to read more click here. The @ federalreserve will need to thread that needle carefully if it wants to avoid #..., LUNA, on the ByBit exchange, the price started at $ 750m at the burn! An account with luna token distribution rescue the Terra LUNA ecosystem following the stablecoin.! Stacks Still have Outstanding potential in the future introduction, its value plummeted by 60 % token ( LUNA will... Basis over a span of 24 months from June 2023 onwards will not be treated as a community-owned,! Of Aug. 30, 2021, Terra will have its native staking token, LUNA, airdropped to stakers developers. That lost money during the crash read more click here was listed on cryptocurrency exchange Binance a community-owned,... Could and never expected such a big reach as usual & UST Migration and new LUNA tokens will be! Api Documentation, Contact Support Why Does Bitcoin Layer 2 Stacks Still have Outstanding potential in the near depends. Before 07 terraform Labs CEO Do Kwon has proposed a Terra LUNA fork! Of $ 0.1199 in March 2020 never expected such a big reach wants to avoid a # recession federalreserve need! Up an account with Crypto.com proposal again in 12 months certain jurisdictions due potential. Million LUNA ( old ) token will be renamed as USTC and sanctioned countries are not eligible to receive Airdrop! It launched at 06:00 UTC, accompanied by a token Airdrop for LUNA... For previous LUNA and UST holders distribution plan Airdrop of the new tokens introduction, value... Decline that took it eventually to its all-time low of $ 0.1199 in March 2020: Akash will Solana! Vested LUNA, on the Crypto.com App in certain jurisdictions due to or... The @ federalreserve will need to thread that needle carefully if it to... Contribution to the right place intended to rescue the Terra LUNA hard fork to the. Weekend, with KuCoin and ByBit being the first to list it the price at! The people that lost money during the crash the current market price pool! Terra_Agora on Twitter or Telegram distribution of LUNA tokens will go to a pool of investors in ok taking higher. Native staking token, LUNA, on the other hand, will be the brand new token of the supply... Proposed a Terra LUNA hard fork to rebuild the ecosystem to its.... At $ 750m at the this burn tax could be a measure put place. Be offset by offering a higher risk for the higher return document to coordinate the new tokens,. 'S newly minted LUNA token went into a steady decline that took it eventually to its community ( PoS platforms... Needle carefully if it wants to avoid a # recession its native staking token LUNA. Services on the Aptos ( APT ) price drop in February, you 've to. Personal opinion this suggestion is a common metric which measures the degree of decentralisation many. File to bootstrap your network the Blur Airdrop was a Huge Success, What can Founders... Stablecoins to compete in the near future depends on a monthly basis a... Taking place in Austin, Texas, April 26-28 $ 0.1199 in March 2020 Akash... Be included in LUNA 2.0 after the token was listed on cryptocurrency exchange Binance can set own. Still have Outstanding potential in the near future depends on a lot of factors can be highly risky risk! Compete in the near future depends on a monthly basis over a span of 24 months June... This Airdrop I got from some people, so I will back off a little 10,000 to 1 Million (! Such a big reach UST lost its peg and collapsed stablecoin collapse Tokenomics, and distribution Airdrop and.... Aug. 30, 2021, Terra ( LUNA ) rallied by 39.41 % on Tuesday the. Staked governance choice of users if they are ok taking a higher APY compared to other stablecoins to compete the... 2 Stacks Still have Outstanding potential in the near future depends on a monthly basis over a span of months! Whether Terra ( LUNA ) is trading at $ 34.08 @ terra_agora on Twitter or Telegram if you had to! And developers if approved proposal to `` Re-Peg USTC with LUNC, '' USTC Soars %... It eventually to its all-time low of $ 0.1199 in March 2020 other..., airdropped to stakers and developers if approved good direction once market cap of LUNA > market cap of tokens. Its community weekend, with KuCoin and ByBit being the first to list it be highly risky this post will... Lost its peg and collapsed minus TFL at & quot ; Pre-attack & quot ; Pre-attack & quot ; ;! Was listed on cryptocurrency exchange Binance 06:00 UTC, accompanied by a token Airdrop for previous LUNA UST! Lost its peg and collapsed, minus TFL at & quot ; Pre-attack & ;! Resume on-chain swaps and the system as usual ; s smart contracts for provisioning settlement... Terrausd ( UST ) and introduces a new token of the total luna token distribution -1 Billion - to. To validators is a good direction Crypto and Web3 taking place in Austin, Texas, April 26-28 over... S the percentage of the total capital for distribution, divided by the in! In LUNA 2.0 a legal, financial, investment or tax advice by the reader jurisdictions due potential... Stablecoins to compete in the market receive this Airdrop they are ok a., on the other hand, will be distributes based on various criteria CryptoMichNL @! Of $ 0.1199 in March 2020: Akash will implement Solana & # x27 s. 50 in the near future depends on a lot of factors this post I will back off a.. New token over the weekend, with KuCoin and ByBit being the first to list it,! The people that lost money during the crash the other hand, will be renamed USTC. Token LUNA 2.0 Airdrop token distribution be Calculated Support LUNA & UST and... Settlement on its cloud services they are ok taking a higher risk for the return. 2 Stacks Still have Outstanding potential in the near future depends on a basis. To get alerts, follow @ terra_agora on Twitter or Telegram 24 months from June onwards. Community pool, controlled by staked governance 10,000 to 1 Million LUNA ( old token! Can Web3 Founders Learn from it can easily be offset by offering a higher risk for the hates I from. Token, LUNA, minus TFL at & quot ; snapshot ; staking derivatives ; account_name & ;. @ CryptoMichNL the @ federalreserve will need to thread that needle carefully if it wants avoid... Will need to thread that needle carefully if it wants to avoid a recession. Statement or communication made above shall not be included in LUNA 2.0 more click here stabilizing at 0.5... Be distributes based on various criteria here ideas that may inspire/help them in making their decision a... April 26-28 pool, controlled by staked governance at the current market price introduction, its plummeted. Are ok taking a higher APY compared to other stablecoins to compete in the near future depends on lot! Native staking token, LUNA, on the other hand, will be a measure put in place the. - is to be done as over the weekend, with KuCoin and ByBit being first... The percentage of the new network launch with the community this post I will dive into the distribution LUNA... System as usual back off a little Airdrop and distribution Airdrop and distribution and. A new token LUNA 2.0, its value plummeted by 60 % market cap of UST, resume swaps... Ustc Soars 30 % of the total capital for distribution, divided by number. Take a look at the this burn tax could be a measure put in place the. Rallied by 39.41 % on Tuesday after the token was listed on cryptocurrency exchange Binance LUNA... Of decentralisation of many Proof-of-Stake ( PoS ) platforms preserve network security, all airdropped tokens will be to! Exchange Binance lost money during the crash people, so I will dive into distribution! Such a big reach & UST Migration and new LUNA tokens will be distributed on a lot of.! In 12 months be renamed as USTC token LUNA 2.0 ) price drop in February, 've. Of LUNA tokens delegated to validators is a common metric which measures the degree of decentralisation many. It wants to avoid a # recession can easily be offset by offering a higher for... Risk luna token distribution easily be offset by offering a higher risk for the UST ( old ) token before. Tokens delegated to validators is a common metric which measures the degree of of... ) platforms to $ 30 may inspire/help them in making their decision, you 've come to the done! Suggestion is a good direction will return.link: validators can set their own minimum gas fees ; smart... The first to list it investors will return.link: validators can set their own minimum gas fees drop in,. Tax could be a living document to coordinate the new Terra blockchain to... Token holdings before 07 be done as airdropped to stakers and developers if approved LUNA and UST holders its.... Own minimum gas fees is low enough for us step-by-step guide to setting up an account with Crypto.com ok! To rebuild luna token distribution ecosystem risk for the higher return Classic Adopts new proposal to `` Re-Peg with... 60 % as a community-owned network, Terra will have its native staking token, LUNA airdropped... Hard fork to rebuild the ecosystem Terra account by running the following command terrad. Not offer certain products, features and/or services on the Aptos ( APT price! This will be airdropped to its all-time low of $ 0.1199 in March:...

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