0xb09d6f2004912a1. Trading, deposits and withdrawals will be enabled at the same time.. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. LUNA that has not yet been vested can be removed at any time. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Lets gather here ideas that may inspire/help them in making their decision. So, based on the Proposal 1623, the Terra team plans to create a new chain that doesnt include the algorithmic stablecoin. The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic . LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. 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. CoinDesk journalists are not allowed to purchase stock outright in DCG. Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). The Terra ecosystem and its community are worth preserving. Do Kwon gave an idea of how the blockchain would work, and stated that the new Terra will be created without the algorithmic stablecoin. There's also a new LUNA token to go with it. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. 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. Finally, Wallet Investor was a lot more optimistic when it came to making its terra price prediction for 2023. The percentage allocation of the total supply -1 Billion - is to be done as . At the time of writing, luna 2 was trading at $8.18, with a self . Additional Read: LUNC Price Prediction Weekly. 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 . Will it continue to fall below $1? LUNA 2.0 Airdrop, Tokenomics, and Distribution Airdrop and Distribution. Under the new proposal, Terra plans to distribute tokens to holders of the old luna soon to be renamed "luna classic" and UST tokens. Based on our volume which is around 3B $ (last 24h) at the moment if we implementedonly 3% burn taxon each buy and sell transaction wecould burnaround300,000,000,000LUNA at the time of writing this proposal (I took price of 0.0003). 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. Note Crypto products and NFTs are unregulated and can be highly risky. 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. LUNA, the proof-of-stake coin powering the new Terra blockchain. 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. Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. If you are looking for the documentation for Terra Classic, visit the Terra Classic docs site. 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. How To Buy LUNA 2.0 Tokens? The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? The arrangements are as follows: 1. @terra_money. 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). 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. Ltd, Neblio Technologies Pvt. Blog The old chain to be called Terra Classic (token Luna Classic LUNC), and the new chain to be called Terra (token Luna LUNA). 25% Community pool, controlled by staked governance. Reddit. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. 2 444 655,28 LUNA. 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. Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. . Small vs Higher Fee (Opinion in contrary to 3rd point here)ultimately the goal is to encourage folks to keep using Luna instead of higher taxes, just keep building more products and services to encourage it. Terra 2.0 is nearly here. Terra Luna's revival plan. LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. Trading with 6x leverage across 250+ markets. 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. 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. 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. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. Users can confirm the receipt of these tokens in their spot wallets via the, Pre-Attack Snapshot Height: 7,544,910 (2022-05-07 14:59:37 UTC), Post-Attack Snapshot Height: 7,790,000 (2022-05-26 16:38:08 UTC). For more information, please refer to the original announcement: Binance Will Support the Terra Network Airdrop, Binance Will List Terra 2.0 (LUNA) in the Innovation Zone, Trade on-the-go with Binances crypto trading app (iOS/Android). How Will the Terra LUNA 2.0 Airdrop Token distribution be Calculated? Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! Below are the airdrop ratios to determine the LUNA to be airdropped to a wallet on Terra 2.0 if the wallet held aUST . A new Luna coin will also be produced as a result. 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 Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. The existing LUNA token will be called LUNC, while the new LUNA 2.0 token will be known as LUNA. To get alerts, follow @terra_agora on Twitter or Telegram. Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. Ltd and/or their affiliate companies and/or any third party. . Convert 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. 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. Create a name for your local testnet and provide a moniker to refer to your node: terrad init --chain-id= < testnet_name > < node_moniker >. Step 1: Create network and account. Past performance is not indicative of any future results. Community pool will receive 30% of the token distribution, with 10% earmarked for developers. Airdrop rules The new LUNA tokens will be promptly distributed as they are received by Okcoin. 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. Email us: [emailprotected]. Pre-attack aUST holders - 10%. What you are going to read here is first part of the proposal. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. Luna airdrop distribution At genesis, Luna will have a supply of 1 billion tokens allocated according to the following distribution: Community pool: 30%. Details concerning the token distribution . The new LUNA Tokens will be distributes based on various criteria. TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. 1% Essential Developers emergency allocation. KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. He said that the fees may come down in the future as the network becomes more efficient. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. Holder address. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). This will be a living document to coordinate the new network launch with the community. More details will be announced separately. Target staking rewards of 7% p.a. Then the price rallied towards the $20 level. !The final decision will belong of course to the team. Careers 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. Transactions. The burn needs to happen on-chain (EDIT: Safemoon somehow can). I wish the best for everyone here.. LinkedIn Post-attack UST holders - 15%. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to convert to LUNA tokens before the snapshot. 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. Held or staked 1,000,000 LUNA or more: Once the hard fork is executed, 30% of the new LUNA tokens will be airdropped to pre and post-collapse LUNA and UST holders in a proportionate manner. March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. What is LUNA. 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. Turned out to be airdropped to a wallet on Terra 2.0 if the held! Will also be produced as a result % with Binance Pays MAR-velous Deals & Get to... Ranging between $ 30 and $ 60 as the network becomes more efficient companies..., and UST never came close to its all-time low of $ 0.1199 in March 2020 worth! 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