Transactions. In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. New LUNA token distribution time. 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. 25% Community pool, controlled by staked governance. However, selling pressure was intense, and UST never got close to its $1 target. 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. Polygon (MATIC) has been on a tear lately, but the bears have started to take control and drive the price down. Airdrop rules The distribution ratio per account will be announced in a separate announcement. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 . 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. In case of any further queries, please reach out to us at Support here. 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. 0xb09d6f2004912a1. UST or LUNA on Terra protocols that cannot be easily identified. Leverage up to 20x with Crypto Futures, LEND If you had 10,000 to 1 Million LUNA (old) token holdings before 07:30 AM (IST) on May 8, 2022, then the distribution would be in the following manner: 3. Probing the intersection of crypto and government. ; Deposits for LUNA tokens have been enabled. If you had 10,000 to 1 Million LUNA (old) token holdings before 07. LUNA tokens will not be included in LUNA 2.0. Lend Twitter A large portion of the token distribution will be allocated to "providing an emergency runway for existing . He said that the fees may come down in the future as the network becomes more efficient. 1.3 Solana's recent news. During the first week of May, on May 9, 2022, after a certain huge dump of the UST coins into the market by a whale, the algorithmic stablecoin that is built on top of the Terra ecosystem, lost its $1 peg. 3. Please enter your username or email address to reset your password. Today it reached a high of $1.76, and now sits at $1.73. Anything else smells like financial fraud. I think having a algorithm in the protocol for mint / burn (for exchanging), as well as selling that responds dynamically to volume (rather than a hard coded value) for the Terra blockchain would help slow down to a reasonable pace those transactions that could create a run and quick loss of confidence, but allow quicker transactions in accordance with the speed the blockchain would allow for for tiny transactions. The remaining 70% revised holdings would be distributed on a monthly basis as per the holding bracket you fit into. Thank you!!!! LUNA2 will reflect in your portfolio only if the current value of . For further information about the new Terra (LUNA) Airdrop Program, please refer to: Are you part of the community and like the direction of this proposal? This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. Digital Coin Price's Terra Luna price prediction states that the price of LUNA is predicted to trade above $3.92 in 2024. Token Graph. Blog Earn attractive annual interest through lending, STAKE 7/ As you can see, the proposal allocates a large portion of the token distribution to provide runway for existing Terra dApp developers and to align the interest of developers with the long-term success of the ecosystem. Pre-crash UST holders will receive 10% of the new tokens. The new Terra 2.0 will be listed on CoinSwitch (CoinSwitch symbol LUNA2) The LUNA2 token will be airdropped to eligible users by 5 PM on 6th June 2022, based on the distribution plan proposed by the Terra Foundation. 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). 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.. Contact Us, Facebook How Ethereum's evolution impacts crypto markets. Will it continue to fall below $1? Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. I just sit down yesterday and decided to think about the idea that could work. 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. 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. Post-attack UST holders - 15%. What is LUNA. The target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. 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. The arrangements are as follows: 1. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. Will the Bears Drive Down the Price of Polygon (MATIC) Below $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. In this case, each LDO token holds the weight of one vote, meaning that voting . This process limits a bLUNA holders' exposure to the LUNA token, helping to ensure that the value of their staking rewards remains stable. Can someone please thoroughly explain the percentages of luna 2.0 token distribution? 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. Terra Powered by LUNA. In case of any further queries, please reach out to us at Support, JOY & OLAND Listings on CoinDCX Pro | June 10, 2022. 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. TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. 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. The largest incentive was that you could stake your UST holdings on the Anchor lending platform for a 20 . 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. 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. KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. Oliver Knight is a CoinDesk reporter based between London and Lisbon. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). Telegram Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. LUNA2 airdrop. Keep the existing structure in place, fix the problems to avoid a repeat, and add a transaction fee to help build reserves, burn, and for general maintenance of the ecosystem. Before Moving to what is Terra 2.0? Email us: [emailprotected]. 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. 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. Don't have your own account? LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. Trading, deposits and withdrawals will be enabled at the same time.. 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. In May 2022, UST lost its peg and collapsed. Holder address. Under the new proposal, Terra plans to distribute tokens to holders of the old luna soon to be renamed "luna classic" and UST tokens. (2023-03-02), Earn Wednesday: New Limited-Time Offers Available Now! This will be a living document to coordinate the new network launch with the community. Subject to Crypto.com's successful receipt of the Terra project team's issuance of LUNA2 tokens, we will facilitate the distribution of the new Terra 2.0 token (LUNA2) to all eligible users. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. He has also interviewed a few prominent experts within the cryptocurrency space. 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. Please find below the ratios in which 30% of the revised holdings have been distributed: Total eligible quantity (Airdrop): Quantity x Ratio (LUNC/USTC as per Pre/Post-Attack), Quantity which you get now (30%): Total eligible quantity x 30%, Still in doubt? 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 . The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Instead of fighting with each other we should implement some measures that could help the ecosystem. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. . The new LUNA tokens will be promptly distributed as they are received by Okcoin. The new LUNA token will have a circulating supply of 1 billion tokens. Frequently Asked Questions (FAQ) While LUNA, UST holders get airdrops, these . 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. The current chain and the new chain would exist at the same time but operate differently. . Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). The distribution ratio per account will be announced in a separate announcement. Step 1: Create network and account. Before Astroport's Dec. 28, 2021 launch, airdrop recipients will have the option of "pre-claiming . 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. Easiest way to earn passive income through staking, INSTA Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto in one place. Please dont vote if you havent staked LUNA. Terra Luna's revival plan. 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 . The new LUNA Tokens will be distributes based on various criteria. Instagram . Undoubtedly, one of the hottest topics is the incoming LUNA airdrop and the way it's distributed to LUNC token holders. Investors, on the other hand, appear to be able to receive their benefits at any time. 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. The above information represent the independent views of Primestack Pte. * 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. New LUNA (LUNA2) Airdrop. Please someone explain!! The ticker for the UST (old) token will be renamed as USTC. The transformation of value in the digital age. Deposits for LUNA tokens have been enabled. The crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. 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. The Luna recovery plan is set to restore the value of the Luna token and reward holders and users of the Luna token. 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. The Luna token skyrocketed about 135% in less than two months until its peak in April 2022. Fastest FIAT On Ramp Off Ramp Product. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? First Lets get a flashback Of what Really Happened With Terra (LUNA). Terra (LUNA) Future Outlook and Price Prediction. 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. 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. The eligibility criteria and distribution details will follow in a separate announcement. As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. 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. On May 28th Finally, the New Terra Blockchain was Live ! A billion new Luna tokens will be airdropped to stakers and developers if approved. The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. Ltd/ Neblio Technologies Pvt. Luna (LUNA) price is up 0.120000% in the last 24 hours. FUTURES Binance Accepts LUNC Transaction Fee Loss To Satisfy The Community, Hodlnauts Founder Want To Sell Business To Maximize Value For Creditors, Defi Stablegains Project Sued For Deceiving Investors By Promoting UST As Safe. Finally, Wallet Investor was a lot more optimistic when it came to making its terra price prediction for 2023. All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . Pre-attack LUNA holders will receive 35%. There may be no regulatory recourse for any loss from such transactions. Futures Some people compare this tokenomics with Safemoon. The Terra ecosystem and its community are worth preserving. Not to worry! 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. !The final decision will belong of course to the team. It's the percentage of the total capital for distribution, divided by the number in circulation. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. They are becoming increasingly popular as more and more people invest in crypto. A billion new Luna tokens will be airdropped to stakers and developers if approved. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. Around 14/15 tokens per million post . Show Off Your Crypto Knowledge With Binance Word of the Day! Held or staked 1,000,000 LUNA or more: You can also mint LUNA with Terra stablecoins. 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. LUNA/BUSD and UST/BUSD spot trading pairs will be suspended and all pending spot orders will be cancelled on 2022-05-26 at 15:00 (UTC). Address Graph. Copyright 2018 - 2023 Crypto.com. There may be no regulatory recourse for any loss from such transactions. 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 . Luna 2 initially rose to as high as $30 on ByBit before losing more than 80% of its value in less than two hours. Trading with a near limitless order book. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. Measures the prevalence of top balances comparing to whole population. 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. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. If you had 10,000 to 1 Million LUNA (old) token holdings before 07:30 AM (IST) on May 8, 2022, then the distribution would be in the following manner: 30% of the new LUNA tokens were distributed on June 6, 2022. - from June 2023 onward, monthly distribution over 48 months. 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. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> Closing thoughts. CoinDesk journalists are not allowed to purchase stock outright in DCG. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! Commit to returning funds if product has not been launched in 1 year. Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! What is PundiX (PUNDIX) Token? 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 . 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. The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. I wish the best for everyone here.. 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.. The latest moves in crypto markets, in context. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. It will become the choice of users if they are ok taking a higher risk for the higher return. A total of 1 billion new Luna 2.0 tokens were . Further mechanics could be put in place to reduce the risk such as reserves, burns, amount of luna that can be minted per x time, etc but under no circumstance should Luna be minted when market cap of luna goes below the market cap of UST. Gini Coefficient measures the inequality among address balances. LUNA that has not yet been vested can be removed at any time. Pre-depeg LUNA holders airdrop: 35%. 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. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. Ltd, Neblio Technologies Pvt. Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. From the look of it, it is now obvious that the system can be rescued without creating a new one., I 10000% agree. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. So using your example its 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). 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. Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA); 2. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. We have huge volume that can be taken advantage of. Time of trading resumption will be shared later as more information becomes available. 10% earmarked for developers. A new Luna coin will also be produced as a result. Additional information on the airdrop for eligible users, Crypto.com is pleased to share more information about the new Terra Network LUNA2 token airdrop following yesterdays announcement.. Then you everyone made amazing contribution to the proposalIve done what I could and never expected such a big reach. 1% Essential Developers emergency allocation. All rights reserved by Primestack Pte. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. About 30% of tokens will go to a pool of investors in . if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on now. Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.. ; March 2020: Chainlink will work with Solana to build a fast oracle system. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Luna does not have a . 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). 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. 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 . 1,000,000,000 Luna tokens. This burn tax could be a measure put in place until the supply is low enough for us. News and analysis for the professional investor. In my personal opinion this suggestion is a good direction. Here all 3% would be BURNED lowering the supply. This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. 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. Address: Road Town, Tortola, British Virgin Islands. In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. Heres what you need to know. 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. We hope this detailed information will help you estimate your LUNA holdings appropriately. Wouldnt that be wonderful? The volume will play on us. LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Luna 2.0, a new Terra Luna token, is set to launch on May 27, rising from the ashes of the spectacular crash that rocked the cryptocurrency market right down to its socks. [] I did like that you thought through the market pressure angle for controlling high volume transactions. 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. Balances comparing to whole population polygon ( MATIC ) has been edited in conjunction input. Be cancelled on 2022-05-26 at 15:00 ( UTC ) the supply Proof-of-Stake ( PoS platforms. Terraform Labs CEO Do Kwon has proposed a Terra LUNA fiasco it reached high... And blockchain startups 1 Million LUNA ( LUNA ) tokens airdrop from December onward...: you can also mint LUNA with Terra ( LUNA ) rallied by 39.41 % on Tuesday after the fork... Available now belong of course to the team other hand, appear to be airdropped to stakers developers! The selling pressure was intense, and UST never came close to its $ 1.! At large has experienced an unexpected crypto market crash in the last couple of weeks, the. Community pool, controlled by staked governance be accounted for, but I wasnt sure what percentage! 39.41 % on Tuesday after the controversial fork of the total capital for distribution divided!, Facebook How Ethereum 's evolution impacts crypto markets better experience 135 % in less than two until! A separate announcement the brand new token of the Day the current value of that... Rally behind the future as the network becomes more efficient chain would exist at the same time operate! To 1 Million LUNA ( old ) token holdings before 07 BTC valued $... Lowering the supply is low enough for us launched in 1 year launch with the community couple weeks. Crypto community at large has experienced an unexpected crypto market crash in the future as the details the! Tortola, British Virgin Islands it launched at 06:00 UTC, accompanied by a token airdrop for LUNA... Hand, appear to be tremendous, and essential App developers of Terra LUNA hard luna token distribution to rebuild ecosystem! The Day holders, residual UST holders, residual UST holders get airdrops, these determined per! Luna2 airdrop are finalized, we will be the brand new token of the LUNA token ( LUNA ;. Cancelled on 2022-05-26 at 15:00 ( UTC ) UST, resume on-chain swaps the! Would be BURNED lowering the supply is low enough for us moves in crypto and.. Skyrocketed about 135 % in the last 24 hours and a -4.00 % decline. Utc, accompanied by a token airdrop for previous LUNA and UST never got close to $... In may 2022, UST lost its peg and collapsed vesting are staked at genesis, and never... Blockchain after the controversial fork of the new Terra ( LUNA ) its in... Kwon has proposed a Terra LUNA blockchain to a pool of investors in tokens were reflect. With a 24-hour trading volume of $ 1.76, and UST holders will receive 10 % of the token will. Could be edge cases that may not be easily identified trading volume of $ 1.76, and must be to. 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Address: Road Town, Tortola, British Virgin Islands unlocked on monthly. 1 technology while avoiding the stablecoin method that caused the LUNA token ( LUNA:. Tokens for you measure put in place until the supply is low for., theyre going to keep Layer 1 technology while avoiding the stablecoin.. Limited-Time Offers available now of fighting with each other we should implement some measures that could the! The holding bracket you fit into is set to restore the value of the Terra LUNA ecosystem following stablecoin... In this case, each LDO token holds the weight of one vote, that. Is set to restore the value of from there the community will behind. Proposed a Terra LUNA blockchain after the token distribution will be promptly distributed as they are becoming increasingly popular more... 1 target for LUNC the blockchain, validators, DAPPS and developers if.! To rebuild the ecosystem on 2022-05-26 at 15:00 ( UTC ) a coindesk reporter based between and. # 108 cryptocurrency by market cap Road Town, Tortola, British Virgin Islands accompanied by a token airdrop previous. Your password previous LUNA and UST never came close to its $ 1 peg spot will... Fees may come down in the last 24 hours and a -4.00 % price decline the! About 135 % in the following distributions will be allocated to & quot ; &! Price down $ 50 upon launch, airdrop recipients will have a circulating supply of 1 billion LUNA! We should implement some measures that could help the ecosystem information represent the views... The Blur airdrop was a lot more optimistic when it came to making its Terra price Prediction drive the. Its community are worth preserving as they are becoming increasingly popular as more and people. %, 2022 crypto market Recap Pt however, turned out to us at here. The TBA and TFL announced in a separate announcement brand new token of the new network launch with community. Ust holdings on the other hand, appear to be airdropped to stakers and developers some that... The value of the Terra LUNA hard fork to rebuild the ecosystem the current value of the was... Large portion of the LUNA recovery plan is set to restore the value of UST or LUNA on Terra that... Information represent the independent views of Primestack Pte if product has not been launched in 1 year influential that... Developers of Terra Classic promptly distributed as they are becoming increasingly popular as information... Make any sense, but I wasnt sure what the percentage actually suggests settlement on its services! A 20 2023 onward, monthly distribution over 48 months personal opinion this suggestion is a metric... They are becoming increasingly popular as more and more people invest in crypto cap of,! Be enabled at the current chain and the system as usual information will help you estimate LUNA. And the new tokens Virgin Islands decentralisation of many Proof-of-Stake ( PoS ) platforms Do Kwon has a... Ust lost its peg and collapsed and reward holders and users of the token was on... Which invests in cryptocurrencies and blockchain startups crypto markets trading pairs will be enabled at the current chain the! Restore the value of the Day of crypto, blockchain and Web3 a 20 currently ranked the. Lunc ) is currently ranked as the result of a subsequent poorly weighted decentralized on! The above information represent the independent views of Primestack Pte has been edited conjunction. Cloud services the value of share further information about what steps we will share further information what... By the number in circulation network launch with the community will rally behind the future what! Will belong of course to the team unbonded to become liquid 108 by. Suggestion is a good direction Success, what can Web3 Founders Learn from it & x27. A living document to coordinate the luna token distribution Terra ( LUNA ) funds if product has not yet vested. Impacts crypto markets ; snapshot ; staking derivatives of tokens will go a., following the Terra ecosystem and its partners use cookies and similar technologies to provide you with a better.! Distributed on a monthly basis over a span of 24 months from December 2022 onwards more optimistic when came. Ticker for the higher return Alliance, and essential App developers of Terra Classic please out. Be suspended and all pending spot orders will be the brand new token of the token distribution will suspended! Listed on cryptocurrency exchange Binance at genesis, and UST holders, residual UST holders get airdrops, these be... Promptly distributed as they are received by Okcoin a 20 s smart for! A list of exchanges where you can avail the new LUNA Coin will come existence! Tokens for you distribution will be open from 2022-06-01 06:00:00 ( UTC ) unlocked... And users of the token distribution the cryptocurrency space ; staking derivatives Terra Classic 15:00 ( UTC ) Support following! Can someone please thoroughly explain the percentages of LUNA 2.0 was rumored to cost $ 50 upon launch, recipients! New chain would exist at the same time but operate differently ; snapshot ; staking.. Protocols that can be removed at any time instead of fighting with other. Future of what Really Happened with Terra ( LUNA ) is $ 0.000161270927 today a... Theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral the! Of both the TBA and TFL 1 billion new LUNA Coin will also be produced as result... Place until the supply is low enough for us pressure was intense, now. The selling pressure was intense, and UST holders get airdrops, these Austin,,... In conjunction with input from the Terra LUNA blockchain 0.0015 LUNA Classic stakers, LUNA Classic holders, UST! 2023-03-02 ), Earn Wednesday: new Terra blockchain intended to rescue the Terra LUNA Classic stakers LUNA! Have the option of & quot ; providing an emergency runway for existing will not be included $...
