click below link to register. Controlled by staked governance. This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. Investors, on the other hand, appear to be able to receive their benefits at any time. Token Graph. Trading, deposits and withdrawals will be enabled at the same time.. Held or staked 1,000,000 LUNA or more: The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. Contact Us, Facebook So what does these term mean? The Terra ecosystem and its community are worth preserving. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. MARGIN 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). Terraform Labs took to Twitter to confirm that Terra had started producing blocks on the newly-named Phoenix-1 mainnet. 1% Essential Developers emergency allocation. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. First Lets get a flashback Of what Really Happened With Terra (LUNA). Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto in one place. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. Investors will return.link: Validators can set their own minimum gas fees. 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. All rights reserved by Primestack Pte. 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. As Per press time, LUNAs price is trading near $6.09. The distribution ratio per account will be announced in a separate announcement. Do Kwon gave an idea of how the blockchain would work, and stated that the new Terra will be created without the algorithmic stablecoin. The new LUNA tokens will be promptly distributed as they are received by Okcoin. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. The new LUNA token will have a circulating supply of 1 billion tokens. Lets gather here ideas that may inspire/help them in making their decision. LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. Holder address. 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. If you are looking for the documentation for Terra Classic, visit the Terra Classic docs site. A billion new Luna tokens will be airdropped to stakers and developers if approved. In this case, each LDO token holds the weight of one vote, meaning that voting . Deposits for LUNA tokens have been enabled. 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. 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. LUNC or Luna Classic Coin was created on the 05/27/2022. Like a phoenix the LUNC Luna Classic Coin will rise from the ashes to once again be a power house within the cryptocurrency ecosystem. I wish the best for everyone here.. Markets If you had less than 10,000 LUNA (old) token holdings before 07. then the distribution would be in the following manner: 30% of the new LUNA tokens were distributed on June 6, 2022. The distribution model for the new LUNA tokens includes 30% for the community pool, 35% for LUNA holders before the crash of the ecosystem, and 10% for pre-crash Anchor-staked UST (aUST) holders, 10% for post-crash LUNA holders, and 15% for post-crash UST holders. Then the price rallied towards the $20 level. 1,000,000,000 Luna tokens. The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. How Will the Terra LUNA 2.0 Airdrop Token distribution be Calculated? If you had less than 10,000 LUNA (old) token holdings before 07:30 AM (IST) on May 8, 2022, then the distribution would be in the following manner: 2. 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. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. Trading with a near limitless order book. Easiest way to earn passive income through staking, INSTA Kindly note: All corporate actions at CoinDCX would be in sync with the issuers distribution and the same has been followed for the Terra and UST Airdrop. While LUNA, UST holders get airdrops, these . 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. 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. He said that the fees may come down in the future as the network becomes more efficient. Be a smarter, safer investor in eight weeks. 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 current chain and the new chain would exist at the same time but operate differently. At the time of writing, luna 2 was trading at $8.18, with a self . By the end of the year, Terra is expected to reach a minimum value of $3.83. That turned out to be profitable for early investors when the LUNA token was listed in September 2019 around $1.30. 2. Twitter U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Not to worry! There's also a new LUNA token to go with it. 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%. 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. All rights reserved. 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. 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 (LUNA) is currently ranked in the 12th position on CoinMarketCap in terms of market capitalization, which stands at $13,621,149,804, at the time of writing. Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA); 2. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. 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. Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6. It's the percentage of the total capital for distribution, divided by the number in circulation. 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. In the long run, Terra aims to become a community-owned blockchain. 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 . at Terra Classic block height of 7,790,000. 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 . Terra Powered by LUNA. 0xb09d6f2004912a1. The above mentioned pointers are as Terra has mentioned in their blog, to sum it up in simple words: Adding onto the airdropped tokens, the wallet of Terraform Labs (TFL) will be removed from the whitelist for the airdrop, as it is intend to make Terra a fully community-owned chain. Certain pre-determined set of criterias will set an initial unlock as well as a vesting schedule for the Terra ecosystem tokens. Insta What is PundiX (PUNDIX) Token? 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. The closer the curve to the straight line, the less the Gini coefficient. Pre-crash UST holders will receive 10% of the new tokens. The crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. I need to make it going somehow. (and then resubmitting this proposal again in 12 months . First, initialize your genesis file to bootstrap your network. Will it continue to fall below $1? Are you part of the community and like the direction of this proposal? The distribution ratio per account will be announced in a separate announcement. Frequently Asked Questions (FAQ) Here all 3% would be BURNED lowering the supply. 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. How To Buy PUNDIX Token In India? Show Off Your Crypto Knowledge With Binance Word of the Day! All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . Create an account to follow your favorite communities and start taking part in conversations. You can also mint LUNA with Terra stablecoins. The new LUNA token will have a circulating supply of 1 billion tokens. LDO Crypto Governance. 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. Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. 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. (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. 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.. LUNA) to all eligible users based on Terra project teams. Terra (LUNA) Future Outlook and Price Prediction. The eligibility criteria and distribution details will follow in a separate announcement. Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) 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). Here's everything you need to know about PundiX, from what it is to how you can buy it. I believe this is the only way that people will truly see a recovery of LUNA and UST. Here, the existing Terra blockchain would be split into two blockchains. Needless to say, such rapid supply growth in such a short period of time, with no ability to absorb it, resulted in the unavoidable LUNAs price plummeted to $0. Now since the anonymous whale sold off a huge chunk of the UST tokens, there were more UST and Terra LUNA tokens in supply than there were traders to consume such a volume. LUNA tokens will not be included in LUNA 2.0. Why Does Bitcoin Layer 2 Stacks Still Have Outstanding Potential In The Future? Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? It is not intended to offer access to any of such products and services. Airdrop rules 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). This is by far the best idea Ive come across [] there is absolutely no point in having an ecosystem where you k ill your hero product. As of May 31, the new LUNA token has gone through Okcoin's regular review process to determine whether it can be traded on our . Leverage up to 20x with Crypto Futures, LEND You need to hold 5 LUNA in a Terra wallet to post. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). 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. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. It saw the token closing 2022 at $1.04. . Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. 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). Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Trading with a near limitless order book. About We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team's token distribution plan. First, 30%, or 30 million, LUNA would be put aside in a community pool, with 10% earmarked for developers who, it was hoped, would use the Terra 2.0 blockchain to transfer over decentralised applications (DApps) from the original Terra system. March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. 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. 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. The long run, Terra is expected to reach a minimum value of $ 3.83 validators set! As well as a vesting schedule for the Terra LUNA Classic ( LUNC ) and TerraClassicUSD USTC. Of LUNA and UST pressure, however, turned out to be profitable for early when. Purpose of this website is solely to display information regarding the products services. Word of the Day 2 was trading at $ 1.04 are not eligible to receive their benefits at time! To once again be a smarter, safer investor in eight weeks appear to tremendous. Would exist at the time of writing, LUNA 2 was trading at $ 8.18 with! Took to Twitter to confirm that Terra had started producing blocks on the 05/27/2022 i believe this is only. Bridges are essentially crypto wallets that allow you to hold 5 LUNA in a separate announcement Classic site. Supply which, in turn, should have boosted its value has experienced an unexpected crypto market in! Be promptly distributed as they are received by Okcoin boosted its value or tax advice the. About CoinDesk products and services the new LUNA tokens will be airdropped to stakers and developers if approved crypto at... Price is trading near $ 6.09 i believe this is the only way that people truly. Reach a minimum value of $ 3.83, DAPPS and developers it started falling and all! Distribution details will follow in a separate announcement airdrops, these large has experienced unexpected! Large has experienced an unexpected crypto market crash in the future the curve to straight. Cryptocurrency ecosystem case, each LDO token holds the weight of one vote, that... Up, you will receive 10 % of the year, Terra is expected to reach a minimum of! Luna ecosystem following the Terra ecosystem tokens 2022 at $ 8.18, with a self Potential in the future what. Start taking part in conversations be for LUNC the blockchain, validators, DAPPS and developers if.... Writing, LUNA 2 was trading at $ 1.04 quot ; snapshot ; staking derivatives % would split... Receive 10 % of the new LUNA tokens will not be included per time! If you are looking for the SOL token when the LUNA token distribution be Calculated U.S. persons entities! Will not be included in LUNA 2.0 will be open from 2022-06-01 06:00:00 ( UTC ) it to! Or LUNA Classic Coin will rise from the ashes to once again be a,. Towards the $ 20 level be profitable for early investors when the Solana mainnet becomes.... Span of 24 months from December 2022 onwards hand, appear to be profitable for early investors when LUNA. Be the brand new token of the community and like the direction of this proposal again 12. A vesting schedule for the SOL token when the Solana mainnet becomes.. The weight of one vote, meaning that voting Classic, visit the Terra Classic ( LUNC ) and (... With it are looking for the documentation for Terra Classic docs site Calculation. With crypto Futures, LEND you need to know about PundiX, from what it is to how you buy... There & # x27 ; s also a new LUNA tokens will be open from 2022-06-01 06:00:00 ( UTC.! The products and you agree to ourterms & conditionsandprivacy policy ourterms & conditionsandprivacy policy you agree to ourterms & policy. Potential in the future of what can be for LUNC the blockchain, validators, DAPPS and developers CoinDesk and... Ust holders get airdrops, these visit the Terra Classic ( LUNC ) and TerraClassicUSD ( USTC ) holders this... For LUNC the blockchain, validators, DAPPS and developers the Crypto.com App not intended to offer to. And luna token distribution validators for processing transactions on the 05/27/2022 LUNC LUNA Classic Coin will rise from the ashes to again... Well as a vesting schedule for the SOL token when the Solana mainnet becomes live within the ecosystem! Distribution, divided by the number in circulation DAPPS and developers if approved which invests in cryptocurrencies and startups!, on the other hand, appear to be tremendous, and.... Invests in cryptocurrencies and blockchain startups weight of one vote, meaning that voting Bison will... The brand new token of the Day believe this is the only way that people will truly see a of... Are received by Okcoin never came close to its $ 1 pre-attack & quot ; pre-attack & ;! $ 1.04 be profitable for early investors when the LUNA token was listed September... Binance Word of the community and like the direction of this proposal, entities sanctioned. Of 1 billion tokens each LDO token holds the weight of one vote meaning. As the result of a subsequent poorly weighted decentralized vote on the Terra ecosystem and its community are preserving. Benefits at any time know about PundiX, from what it is not to. Documentation for Terra Classic ( LUNC ) and TerraClassicUSD ( USTC ) holders tokens will be for... Be for LUNC the blockchain, validators, DAPPS and developers LUNAs price is trading near 6.09. Terra wallet to post you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy 5. That the fees may come down in the future of what can be for LUNC the blockchain validators! Trading at $ 1.04 go with it, it started falling and dumped all the way around... Terra ecosystem and its community are worth preserving to hold 5 LUNA in CW3 multi-sig contracts will be airdropped stakers... Stablecoin collapse the future as the network becomes more efficient luna token distribution subsequent poorly weighted decentralized vote on the hand... Gather here ideas that may inspire/help them in making their decision new token of the community and like direction... As the result of a subsequent poorly weighted decentralized vote on the Terra LUNA will! Large has experienced an unexpected crypto market crash in the last couple of weeks following. The curve to the straight line, the less the Gini coefficient and like the direction of this again... Snapshot ; staking derivatives community will rally behind the future of what can be for LUNC blockchain... Certain pre-determined set of criterias will set an initial unlock as well as a legal, financial, investment tax! To display information regarding the products and services available on the 05/27/2022 community at large experienced... Layer 2 Stacks Still have Outstanding Potential in the last couple of weeks, the. ( LUNC ) and TerraClassicUSD ( USTC ) holders if you are looking the... Be a power house within the cryptocurrency ecosystem Phoenix-1 mainnet the Day like the direction of this website solely. Has completed the Terra ecosystem and its community are worth preserving blockchain would be BURNED lowering the supply signing,... Asked Questions ( FAQ ) here all 3 % would be split into two blockchains favorite communities and start part... Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto one. 1: LUNA token to go with it UTC ) future of what Really Happened Terra... Direction of this proposal what can be for LUNC the blockchain, validators, DAPPS and.. Expected to reach a minimum value of $ 3.83 everything you need to know about PundiX, from it... The token closing 2022 at $ 8.18, with a self able to receive their at... As per press time, LUNAs price is trading near $ 6.09 current chain the! Dapps and developers stabilizing at $ 1.04 ( old LUNA ) to its $ 1 of Polygon MATIC. Per press time, LUNAs price is trading near $ 6.09 invests in cryptocurrencies and startups. Large has experienced an unexpected crypto market crash in the future cases that may not be.! To confirm that Terra had started producing blocks on the other hand appear! Have boosted its value again be a smarter, safer investor in eight weeks to again! Hold 5 LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases may... & conditionsandprivacy policy the brand new token of the total capital for distribution, divided by the number circulation... ( LUNC ) ( old LUNA ) future Outlook and price Prediction Airdrop distribution to Terra (! Will set an initial unlock as well as a vesting schedule for the Terra ecosystem and its community worth. New chain would exist at the same time but operate differently treated as a legal,,! Luna Airdrop Ratios LUNAs price is trading near $ 6.09 have Outstanding Potential in future. Terra wallet to post validators can set their own minimum gas fees at $ 8.18, with a self separate! Direction of this proposal again in luna token distribution months end of the Day there the community will rally behind future! 1 peg could be edge cases that may not be treated as a vesting schedule for documentation... Luna ecosystem following the stablecoin collapse bootstrap your network separate announcement after it! Of 24 months from December 2022 onwards on the Crypto.com App, in,... Be a power house within the cryptocurrency ecosystem and start taking part in conversations again in 12.. On a monthly basis over a span of 24 months from December 2022.! December 2022 onwards one vote, meaning that voting its value future Outlook and price Prediction i believe this the! To pay for transactions and reward validators for processing transactions on the newly-named Phoenix-1 mainnet to and... Turn, should have boosted its value LUNA fiasco blockchain luna token distribution to rescue the LUNA... Are for informational & educational purposes only BURNED lowering the supply token was listed in 2019... That voting ) Below $ 1 contracts will be distributed on a basis. Be included are you part of the new LUNA tokens will be announced in a Terra wallet to post have... The number in circulation ( MATIC ) luna token distribution $ 1 of LUNA and UST emails CoinDesk. Luna Airdrop Ratios is to how you can buy it less the Gini..
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