Held or staked 1,000,000 LUNA or more: 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. Lend Under the new proposal, Terra plans to distribute tokens to holders of the old luna soon to be renamed "luna classic" and UST tokens. They are becoming increasingly popular as more and more people invest in crypto. Show Off Your Crypto Knowledge With Binance Word of the Day! Some people compare this tokenomics with Safemoon. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. 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. Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.. Convert 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. 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. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. LUNA tokens will not be included in LUNA 2.0. The lower the price gets, the higher the burning rate of the transaction. About 30% of tokens will go to a pool of investors in . 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. * 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. Referral Program, Margin 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. In addition, the LUNA token's price can secure a maximum of $4.67. All rights reserved by Primestack Pte. MARGIN 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. Amount. The ticker for the UST (old) token will be renamed as USTC. Agree. On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. 1% Essential Developers emergency allocation. Terra (LUNA) Future Outlook and Price Prediction. The volatility in UST's price is, therefore, absorbed through the minting and burning of LUNA tokens. at Terra Classic block height of 7,544,910. First, initialize your genesis file to bootstrap your network. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. Why Did the Price of Aptos (APT) Drop by 30% in February? LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. Trading, deposits and withdrawals will be enabled at the same time.. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. Over the past week, the algorithmic stablecoin UST and its sister token LUNA dropped precipitously in price, with LUNA going from $100 in April to a jaw-dropping price of $0.0001 on Friday, making . 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. Similar to Pre Attack holders, Post Attack holdes in this case refers to those traders to have bought LUNA or UST during the de-pegging period or have grabbed a few tokens upon the release of the Terra LUNA 2.0 Airdrop news. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . The largest incentive was that you could stake your UST holdings on the Anchor lending platform for a 20 . 25% Community pool, controlled by staked governance. UST or LUNA on Terra protocols that cannot be easily identified. News and analysis for the professional investor. The existing LUNA token will be called LUNC, while the new LUNA 2.0 token will be known as LUNA. I wish the best for everyone here.. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. LINK [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1910 by Joe_Smith, LINK TO GOVERNENCE VOTE:Terra Station5.2k, LINK TO PUBLIC OPINION:Revival Plan V2 Preliminary Vote1.2k. Pre-attack LUNA holders: 35%. 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. Developer Alignment Program (1.5% of total supply): Protocol teams that were live in Terra Classic divide this allocation weighted by the last 30 day TVL from Pre-attack snapshot 1 year cliff, 3 year vesting thereafter. Ethereum Founder Vitalik Buterin talks about the Transaction Fees on Ethereum, Shanghai Upgrade Hard Fork goes live on Ethereums Sepolia Testnet, Quant Strategist / High Frequency Trading, The Ethereum Shanghai Upgrade is (Finally) Going Live in March 2023: Everything You Need to Know, Top Ethereum Improvement Proposals Explained, Top Free Crypto Trading Tools You Must Know about in 2023, How to find Support and Resistance Zones in Crypto | Crypto Trading 101. 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. LUNA, the proof-of-stake coin powering the new Terra blockchain. 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. Then the price rallied towards the $20 level. Post-attack UST holders - 15%. 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. 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. Instagram DISCLAIMER:The Information on this website is provided as general market commentary and does not constitute investment advice. Frequently Asked Questions (FAQ) Lets gather here ideas that may inspire/help them in making their decision. Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! Will it continue to fall below $1? A billion new Luna tokens will be airdropped to stakers and developers if approved. Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto in one place. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. If you are looking for the documentation for Terra Classic, visit the Terra Classic docs site. The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. Ltd, and/or their affiliate entities and are for informational & educational purposes only. Ltd and/or their affiliate companies and/or any third party. The latest moves in crypto markets, in context. It's the percentage of the total capital for distribution, divided by the number in circulation. 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. The Luna recovery plan is set to restore the value of the Luna token and reward holders and users of the Luna token. 0xb09d6f2004912a1. Gini Coefficient measures the inequality among address balances. 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 my personal opinion this suggestion is a good direction. There are 968 unique holders of Luna now on total amount 6 000 000,00 LUNA. At the time of writing, luna 2 was trading at $8.18, with a self . Trading with a near limitless order book. 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. However, selling pressure was intense, and UST never got close to its $1 target. Trading with 6x leverage across 250+ markets. Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. In 2030, LUNA's price is predicted to surpass $17.96. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on now. - from June 2023 onward, monthly distribution over 24 months. No lockup. The arrangements are as follows: 1. 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. Heres what you need to know. Previously, the Terra Luna community approved a revival plan that involves a Terra Luna hard fork from the failed token, the creation of a new blockchain Terra 2.0 and a new token.. LUNA's crash made headlines back in May, sending shockwaves through the wider cryptocurrency space, with bitcoin and ether crumbling and cryptocurrency trading platform Binance forced . There will be another announcement when the distribution is complete. 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. LUNA) to all eligible users based on Terra project teams. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. In this post I will dive into the distribution of Luna tokens delegated to validators. The target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6. I believe that just the fact of not giving up the ship will actually work to instill some confidence in the project by others, and that confidence will regain for each inch of ground that is retaken in terms of bringing value back to the LUNA and UST, and having a more healthy reserve that can handle catastrophic events much better. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . 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. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. A new Luna coin will also be produced as a result. This will be a living document to coordinate the new network launch with the community. - from June 2023 onward, monthly distribution over 48 months. The new LUNA tokens will be promptly distributed as they are received by Okcoin. Terra Luna's revival plan. 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. *11,365,067 SOL tokens are burnt and removed from supply. Luna 2 initially rose to as high as $30 on ByBit before losing more than 80% of its value in less than two hours. 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. Please give it a vote! Calculated as a square measure above the Lorenz curve. A total of 1 billion new Luna 2.0 tokens were . From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. More details will be announced separately. On May 28th Finally, the New Terra Blockchain was Live ! One of the most happening topics within the crypto ecosystem is circling the LUNA 2.0 token airdrop and the way it is going to be distributed to LUNC token holders. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . Several exchanges supported the airdrop of the new token over the weekend, with KuCoin and ByBit being the first to list it. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. 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