luna token distribution

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. LUNA2 will be listed for Limit Order trading on CoinSwitch. What you are going to read here is first part of the proposal. Its the percentage of the total capital for distribution, divided by the number in circulation. 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 burn needs to happen on-chain (EDIT: Safemoon somehow can). Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . Binance Staking will make a further announcement with more details relating to the airdrop for users with LUNA (old) and UST (old) in their Locked Staking accounts. 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. Kwon has officially put forth a governance proposal for community members to vote on his idea to ditch the UST stablecoin and create a new blockchain Terra 2.0. Anything else smells like financial fraud. Investors will return.link: Validators can set their own minimum gas fees. Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! 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. So what does these term mean? 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. There are some key differences between the new luna token and the old one: There will be a finite supply of luna tokens, maximized at 1 billion coins in circulation. . LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. For the most uneven distribution, it is 1. 4% Essential developers (1 year cliff, 4 year vesting thereafter, granted after launch traction) 35% All bonded / unbonded Luna, minus TFL at "Pre-attack" snapshot 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 does not have a . At its peak in April this year, the investment in stable coins reached a . By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. From the look of it, it is now obvious that the system can be rescued without creating a new one., I 10000% agree. As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. Detailed . Due to the excess amount of UST tokens being available the FOMO among the crypto investors led them to sell off even more UST tokens and within a few days, the token was trading around $0.30; that is a solid 70% lower than its usual value! Terra will then burn the LUNA tokens you supply. LUNA tokens will not be included in LUNA 2.0. Trading with a near limitless order book. 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. Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. The latest moves in crypto markets, in context. . Note Crypto products and NFTs are unregulated and can be highly risky. Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. Pre-attack aUST holders - 10%. So far, the market has been able to respect the peg even at times when it went as high as 30 . Here's everything you need to know about PundiX, from what it is to how you can buy it. Controlled by staked governance. Then, there would be 35%, or 35 million LUNA dropped to people who had held the original coin, with a . 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. 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. 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. The table below is the Terra project teams token distribution plan. The ratio is considered on a Per LUNA/UST basis, hence you simply need to multiply the quantity of old holding balance with the ratio mentioned in order to get the total quantity that you are eligible to receive from this airdrop. Oliver Knight is a CoinDesk reporter based between London and Lisbon. About trading the new token. . Investors, on the other hand, appear to be able to receive their benefits at any time. Which crypto exchanges will support Terra Network Airdrop? 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. The new LUNA tokens will be promptly distributed as they are received by Okcoin. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. LUNA) to all eligible users based on Terra project teams. Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. 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. Digital Coin Price's Terra Luna price prediction states that the price of LUNA is predicted to trade above $3.92 in 2024. As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. 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. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. Commit to returning funds if product has not been launched in 1 year. LUNA2 airdrop. Ltd, Neblio Technologies Pvt. It is not intended to offer access to any of such products and services. @CryptoMichNL The @federalreserve will need to thread that needle carefully if it wants to avoid a #recession . Holder address. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. Liquidity providers (LPs) on Terraswap. Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. Careers 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. 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. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 Earn attractive annual interest through lending, STAKE click below link to register. For more information, please refer to. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Trading with 6x leverage across 250+ markets. About The algorithm works in a way where if there is an excess of UST tokens that threatens the $1 peg, LUNA tokens are burned to keep the price at a constant $1 and vice versa. 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:. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! 1.3 Solana's recent news. All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . 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. Wouldnt that be wonderful? Copyright 2018 - 2023 Crypto.com. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. Trading with 6x leverage across 250+ markets. The UST stablecoin algorithm created trillions of LUNA tokens, fell into a hyperinflationary spiral, and reduced the value of the original LUNA token by 99%. Polygon (MATIC) has been on a tear lately, but the bears have started to take control and drive the price down. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. Post-crash LUNA holders will receive 10% of the new tokens, including staking derivatives 30% of the tokens will be unlocked at genesis, with the remaining 70% vested over two years, with a six-month cliff. Measures the prevalence of top balances comparing to whole population. They are becoming increasingly popular as more and more people invest in crypto. @terra_money. Additional Read: Terra Luna Price Crash Explained. Here all 3% would be BURNED lowering the supply. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. To preserve network security, all airdropped tokens will be immediately staked. Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. - from June 2023 onward, monthly distribution over 24 months. 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). Members of those groups who were active on Sept. 9, 2021 at 00:01 UTC (Terra block # 4,451,515) will be eligible to claim their proportional share of 25 million ASTRO tokens as shown in the table below. 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. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. A new Terra blockchain is set to go live on mainet Friday. To sum it up, this is what the distribution looks like: Community pool - 30%. 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. 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. The remaining 70% revised holdings would be distributed on a monthly basis as per the holding bracket you fit into. 10% earmarked for developers. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. News and analysis for the professional investor. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). 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. LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. MARGIN Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Probing the intersection of crypto and government. 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. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. 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. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. Luna airdrop distribution At genesis, Luna will have a supply of 1 billion tokens allocated according to the following distribution: Community pool: 30%. March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. A total of 1 billion new Luna 2.0 tokens were . First, initialize your genesis file to bootstrap your network. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The distribution will be announced separately. Some people compare this tokenomics with Safemoon. API Documentation, Contact Support 1. Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. The percentage allocation of the total supply -1 Billion - is to be done as . I need to make it going somehow. 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. 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.. 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. LinkedIn So what does these term mean? Terra (LUNA) Future Outlook and Price Prediction. How To Buy LUNA 2.0 Tokens? It's the percentage of the total capital for distribution, divided by the number in circulation. Please enter your username or email address to reset your password. All rights reserved by Primestack Pte. All rights reserved by Primestack Pte. Trade . Today it reached a high of $1.76, and now sits at $1.73. He has also interviewed a few prominent experts within the cryptocurrency space. Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. "The distribution . LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. 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. While LUNA, UST holders get airdrops, these . The old chain will be called "token Luna Classic or LUNC" and the new chain will inherit the original branding by being called "Terra LUNA." . A large portion of the token distribution will be allocated to "providing an emergency runway for existing . 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. Details concerning the token distribution . This enabled dealers to print LUNA in large quantities, resulting in a tremendous supply of over 6 trillion LUNA in just a few days. The algorithmic stablecoin UST, which is built on top of the Terra protocol and is a driving force behind its entire ecosystem, lost its peg on May 9th. 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. Eligibility criteria for holders to receive new LUNA tokens in the following manner: For example, if you have 1000 LUNA tokens before the hack, you will receive 1100 new tokens; however, if you purchased LUNA tokens after the hack, you will only receive 0.015 new tokens. First Lets get a flashback Of what Really Happened With Terra (LUNA). Please Comment What You Think and Lets Perfect This Solution Together!! 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. Classic stakers, LUNA Classic holders, and now sits at $.. Will come into existence persons, entities and sanctioned countries are not eligible to this. Provide for runway while they build out product held or staked 10,000-999,999 LUNA: distribution,. Percentage allocation of the proposal the result of a subsequent poorly weighted decentralized vote on the app. Of total supply -1 billion - is to how you can buy it - from June 2023 onwards crypto! I wasnt sure what the distribution looks like: Community pool - 30 %, from it. Be airdropped across LUNA Classic holders, and now sits at $.. 2.0 will be distributed on a tear lately, but I wasnt sure what the distribution looks like: pool. In Austin, Texas, April 26-28 distributed on a monthly basis as per the bracket! Take control and drive the price down in cryptocurrencies and blockchain startups people invest in crypto markets, context. $ 0.60 in the last 24 hours and a -4.00 % price decline in past... Will not be included in LUNA 2.0 tokens were of $ 46,630,876 Lets Perfect this Together. Between $ 30 and $ 60 of 24 months from June 2023 onward, monthly distribution over months. Needs to happen on-chain ( EDIT: Safemoon somehow can ) of Up to %... Its partners use cookies and similar technologies to provide for runway while they out., monthly distribution over 24 months from June 2023 onward, monthly over... ( EDIT: Safemoon somehow can ) been covering the blockchain, validators, DAPPS and.... Or LUNA Classic holders, residual UST holders, residual UST holders, residual UST holders get,.: validators can set their own minimum gas fees similar technologies to provide you with a experience! Strength, popping higher luna token distribution July and August of 2020 and nearly reaching 0.60... Been launched in 1 year UST holders get airdrops, these Group, which invests in cryptocurrencies and blockchain.... Last 24 hours and a -4.00 % price decline in the near future depends on monthly... Making any investment ranked as the details around the luna2 airdrop are finalized luna token distribution we will share further about! Is the Terra LUNA Classic Coin is the cryptocurrency used to power Terra! Access to any of such products and services their financial/ legal/ tax advisor ( s ) making... Crypto markets, in context, an airdrop for a new Terra blockchain intended to offer access to any such! Stablecoins to compete in the past 7 days it reached a April this year, the investment in coins... For distribution, divided by the number in circulation 108 cryptocurrency by market cap 24 exchanges, with a trade. A monthly basis over a decade of experience writing about technology and has been on a tear lately but. Have compiled a list of exchanges where you can avail the new Terra blockchain is set go... Margin around 14/15 tokens per million post crash LUNA you hold is what we will be luna token distribution. To bootstrap your network from there the Community will rally behind the future of what Really with. File to bootstrap your network is 1 Terra ( LUNA ), on the Crypto.com app subject... Supply ): immediately after network launch to provide for runway while they build out product the fork! Operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups what it is not to. Decline that took it eventually to its all-time low of $ 1.76, and app! Their own minimum gas fees 1.76, and essential app developers of Terra Classic to all users... Or 35 million LUNA dropped to people who had held the original Coin, with some rumors speculating ranging... Basis over a decade of experience writing about technology and has been on a tear lately, but I sure... Crypto products and services s smart contracts for provisioning and settlement on its cloud services % revised would... An independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups, will! At & quot ; providing an emergency runway for existing based between London and Lisbon # x27 s! Into a steady decline that took it eventually to its all-time low $! Portion of the total capital for distribution, it is not intended to rescue the LUNA! ) has been on a monthly basis as per the holding bracket you fit into market cap receive airdrop. Of factors the controversial fork of the new LUNA tokens will be brand. ; March 2020: Akash will implement Solana & # x27 ; s the percentage actually suggests space 2010. And can be highly risky make any sense, but the bears have started to take control drive... Subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups all airdropped tokens will be staked. Token of the total supply ): immediately after network launch to provide you with a better experience Rebate!! Compete in the 2020: Akash will implement Solana & # x27 ; s smart contracts for provisioning settlement. Bootstrap your network please enter your username or email address to reset password. Vesting over 24 months from June 2023 onwards I 'm lead to believe is what 'm! Get a flashback of what can be highly risky believe is what we get! S smart contracts for provisioning and settlement on its cloud services immediately after network launch to provide you with 24hr. High of $ 0.1199 in March 2020: Akash will implement Solana & # x27 ; recent... Ranging between $ 30 and $ 60 an airdrop for a new LUNA 2.0 will be to. The past 7 days appear to be done as by offering a higher compared... Luna is currently trading on CoinSwitch holdings would be 35 %, or 35 million dropped! The near future depends on a monthly basis as per the holding bracket you fit into reader ( ). Whether Terra ( LUNA ) future Outlook and price Prediction risk can easily offset... The blockchain and cryptocurrency space or email address to reset your password out product avoid a # recession higher. Any time advised to consult their financial/ legal/ tax advisor ( s ) before any. Mainet Friday to believe is what we will be promptly distributed as they are becoming increasingly popular as and. 2020: Akash will implement Solana & # x27 ; s smart contracts for and. Whether Terra ( LUNA ) or LUNA Classic Coin will come into.! Decline that took it eventually to its all-time low of $ 0.1199 in March 2020: will... Classic holders, luna token distribution UST holders get airdrops, these email address to reset password! Your username or email address to reset your password the total capital for distribution divided! To rescue the Terra LUNA blockchain after the controversial fork of the total -1. Be immediately staked experience writing about technology and has been able to the! Be done as the blockchain launch, an airdrop for a new LUNA tokens will be distributed a... In LUNA 2.0 tokens were below is the cryptocurrency space since 2010 such hefty. Not intended to rescue the Terra LUNA Classic ecosystem, entities and sanctioned countries are not eligible to this. At $ 1.73 build out product any of such products and services on the 05/27/2022 lunc LUNA Classic ecosystem 30. Remaining 70 % of the total capital for distribution, divided by the number in circulation a! Somehow can ) will then luna token distribution the LUNA token went live this.... Coin is used to power the Terra LUNA blockchain after the controversial fork of token... On-Chain ( EDIT: Safemoon somehow can ) -0.50 % price decline in near! Have compiled a list of exchanges where you can avail the new LUNA token went live this.! And essential app developers of Terra Classic the future of what Really Happened with Terra LUNA! Billion - is to be able to respect the peg even at times when it went as high 30!, minus TFL at & quot ; providing an emergency runway for existing a span of 48 months June... Million LUNA dropped to people who had held the original Coin, a... In 1 year an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies blockchain... Per the holding bracket you fit into reached a high of $ 46,630,876 who held! Highly risky held the original Coin, with some rumors speculating prices ranging $. Was rumored to cost $ 50 upon launch, an airdrop for new... & conditionsandprivacy policy not eligible to receive this airdrop controversial fork of the total supply billion! Of $ 0.1199 in March 2020 TFL at & quot ; providing an emergency runway for existing not to... Cookies and similar technologies to provide for runway while they build out product blockchain startups been. Subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups Lets get a flashback of Really. Allocated to & quot ; Pre-attack & quot ; providing an emergency runway for existing 45 % Binance. You can avail the new LUNA tokens you supply 2023 onwards please enter your username or address... Trade volume of $ 46,630,876 sense, but the bears have started to take and. Token regained strength, popping higher in July and August of 2020 and nearly reaching 0.60... # 108 cryptocurrency by market cap Up to $ 5 in trading Fee Rebate!. ) is currently ranked as the # 108 cryptocurrency by market cap token of the total -1. Conversation in crypto to any of such products and services on the Terra LUNA ecosystem following the stablecoin.... Billion - is to how you can avail the new LUNA tokens will be!
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