Ltd, Neblio Technologies Pvt. Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. Time of trading resumption will be shared later as more information becomes available. Anything else smells like financial fraud. Ltd/ Neblio Technologies Pvt. Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. I need to make it going somehow. Leverage up to 20x with Crypto Futures, LEND Which crypto exchanges will support Terra Network Airdrop? 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. Please someone explain!! 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). 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. Controlled by staked governance. The current chain and the new chain would exist at the same time but operate differently. Instead of fighting with each other we should implement some measures that could help the ecosystem. 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. Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. 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. . !The final decision will belong of course to the team. - from June 2023 onward, monthly distribution over 24 months. Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. 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. API Documentation, Contact Support Binance, Huobi, Bybit, Bitrue, Bitfinex, Kraken, FTX, Gate.io, OKX, and Bitget will airdrop LUNA to investors who held it before the snapshot or who held it during the snapshot on May 26. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. 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). . The price of the UST stablecoin was pegged to the US dollar by minting and burning UST tokens to balance the supply and demand of the coin. 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. 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. 1,000,000,000 Luna tokens. Terra Luna's revival plan. A new Terra blockchain is set to go live on mainet Friday. To preserve network security, all airdropped tokens will be immediately staked. News and analysis for the professional investor. The volume will play on us. I just sit down yesterday and decided to think about the idea that could work. For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. Past performance is not indicative of any future results. 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. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. 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. 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. Instagram LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. 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. 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. Markets How To Buy PUNDIX Token In India? The airdrop will start when the mainnet becomes operational. - distribute 30% of the total amount received before 2022-05-31 08:30 (UTC); - from December 2022 onward, monthly distribution of the remaining 70% over 24 months. 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 Per press time, LUNAs price is trading near $6.09. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations. . Terra 2.0 is nearly here. Pre-attack aUST holders - 10%. They are becoming increasingly popular as more and more people invest in crypto. 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 volatility in UST's price is, therefore, absorbed through the minting and burning of LUNA tokens. Developer Mining Program (8% of total supply): Essential app developers earn a share of the mining program proceeds pro-rata to the amount of TVL every quarter for 4 years. new LUNA Tokens will be distributes based on various criteria. Address: Road Town, Tortola, British Virgin Islands. (2023-03-02), Earn Wednesday: New Limited-Time Offers Available Now! 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. Looking to buy PundiX (PUNDIX) token in India? In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. For more information, please refer to. Ltd. The new LUNA Tokens will be distributes based on various criteria. Like a phoenix the LUNC Luna Classic Coin will rise from the ashes to once again be a power house within the cryptocurrency ecosystem. Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. "The distribution . Lend The burning rate is a function of the circulating supply as follows. Luna (LUNA) price is up 0.120000% in the last 24 hours. Closing thoughts. SPOT Wouldnt that be wonderful? Then you everyone made amazing contribution to the proposalIve done what I could and never expected such a big reach. I wish the best for everyone here.. 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. Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! 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. 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. It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. People that just bought Luna say their votes are invalid, thus wasted. The distribution will be announced separately. If all balances were equal, it would be exactly 0. Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). Why Did the Price of Aptos (APT) Drop by 30% in February? This will be a living document to coordinate the new network launch with the community. In addition, the LUNA token's price can secure a maximum of $4.67. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. 10% earmarked for developers. Any LUNA tokenspresently held in the bridge contract will be placed aside as part of the community pool for distribution after the chain launches, according to the contract. Trading with 6x leverage across 250+ markets. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. Finally, Wallet Investor was a lot more optimistic when it came to making its terra price prediction for 2023. He has also interviewed a few prominent experts within the cryptocurrency space. Thank you!!!! Ltd, and/or their affiliate entities and are for informational & educational purposes only. Will it continue to fall below $1? Please give it a vote! Heres what you need to know. 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. 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