Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions. LongForecast 's terra crypto price prediction held a bearish view on the future of LUNA. 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.. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. As of this weekend, 50 billion tokens have been reportedly . TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. Youll be eligible for the airdrop, according to a Terraform LabsMedium blog post, if you: And/or at the Post-Attack snapshot, hold: The snapshot timings used in the above criteria are shown below: The LUNA 2.0 genesis block will take place on May 27, 2022, at which point 30% of the LUNA airdrop will be distributed, with the remaining 70% distributed over two years with a six-month cliff. 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! Next, create a Terra account by running the following command: terrad keys add < account_name >. The arrangements are as follows: 1. Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens. Fastest FIAT On Ramp Off Ramp Product. 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. Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. Please Comment What You Think and Lets Perfect This Solution Together!! Futures There will be another announcement when the distribution is complete. LUNC or Luna Classic Coin was created on the 05/27/2022. Lend FUTURES The eligibility criteria and distribution details will follow in a separate announcement. In 2030, LUNA's price is predicted to surpass $17.96. By clicking the Get Started button you acknowledge having read the, For Crypto.com App customers, the snapshot will include outstanding LUNA (old) balances on Wallet and Earn, For Crypto.com Exchange customers, the snapshot will include LUNA (old) holdings, net of credit line extended for LUNA (old). The new LUNA token will have a circulating supply of 1 billion tokens. Pre-attack aUST holders - 10%. 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. Markets News and analysis for the professional investor. 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). How would that be implemented on exchange (CEXs) like binance, kucoin,etc?Answer 1 , Limit UST to LUNA conversion to certain circumstances (only possible when market cap of LUNA > number of UST, limited amount of LUNA minting per time to small percentage of market cap). Address Graph. 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 its peak in April this year, the investment in stable coins reached a . The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . Luna Holders. Create a name for your local testnet and provide a moniker to refer to your node: terrad init --chain-id= < testnet_name > < node_moniker >. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. After much uncertainty and debate on whether to go for the hard fork or not, the Terra community has finally voted in favor of the proposal. Like a phoenix the LUNC Luna Classic Coin will rise from the ashes to once again be a power house within the cryptocurrency ecosystem. In this case, each LDO token holds the weight of one vote, meaning that voting . What financial advisors need to know about crypto. Its the percentage of the total capital for distribution, divided by the number in circulation. Time of trading resumption will be shared later as more information becomes available. Minting $100 . On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. 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. Leverage up to 20x with Crypto Futures, LEND People that just bought Luna say their votes are invalid, thus wasted. Email us: [emailprotected]. It will become the choice of users if they are ok taking a higher risk for the higher return. 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. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. 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%. Terraform Labs, the developer behind the Terra blockchain and its UST and . 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). 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. Commit to returning funds if product has not been launched in 1 year. Do Kwon gave an idea of how the blockchain would work, and stated that the new Terra will be created without the algorithmic stablecoin. Insta 1% Essential Developers emergency allocation. It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. 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. LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. Earn attractive annual interest through lending, Easiest way to earn passive income through staking, https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1. @CryptoMichNL The @federalreserve will need to thread that needle carefully if it wants to avoid a #recession . In May 2022, UST lost its peg and collapsed. https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. 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. 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The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. You may obtain access to such products and services on the Crypto.com App. A total of 1 billion new Luna 2.0 tokens were . 1. As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. The material available on the site is proprietary to CoinDCX, its parent, Licensor and/or its affiliates and is for informational purposes and informed investors only. The exact distribution mechanism of this 1 billion . . The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. To get alerts, follow @terra_agora on Twitter or Telegram. A new Luna coin will also be produced as a result. ; March 2020: Chainlink will work with Solana to build a fast oracle system. In my personal opinion this suggestion is a good direction. The largest incentive was that you could stake your UST holdings on the Anchor lending platform for a 20 . @terra_money. Address: Road Town, Tortola, British Virgin Islands. Binance Will List Liquity (LQTY) in the Innovation Zone, Binance Options System Upgrade Notice (2023-03-01), Notice of Removal of Trading Pairs - 2023-03-02, Binance Futures Will Launch USD-M CKB Perpetual Contracts with Up to 20X Leverage. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. 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 . 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. Will it continue to fall below $1? How To Buy PUNDIX Token In India? 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. In case you have any queries, write to[emailprotected]. *11,365,067 SOL tokens are burnt and removed from supply. Measures the prevalence of top balances comparing to whole population. I wish the best for everyone here.. 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. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Token Distribution. The Luna token skyrocketed about 135% in less than two months until its peak in April 2022. 25% Community pool, controlled by staked governance. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. 1,000,000,000 Luna tokens. The percentage allocation of the total supply -1 Billion - is to be done as . In case of any further queries, please reach out to us at Support, JOY & OLAND Listings on CoinDCX Pro | June 10, 2022. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. There may be no regulatory recourse for any loss from such transactions. 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 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. Careers The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. For more information, please refer to the original announcement: Binance Will Support the Terra Network Airdrop, Binance Will List Terra 2.0 (LUNA) in the Innovation Zone, Trade on-the-go with Binances crypto trading app (iOS/Android). Luna does not have a . The new LUNA tokens will be promptly distributed as they are received by Okcoin. Ltd, and/or their affiliate entities and are for informational & educational purposes only. I wasnt prepared for the hates I got from some people, so I will back off a little. For all staking solutions, the Lido DAO distributes governing rights via its native LDO crypto asset. Head to consensus.coindesk.com to register and buy your pass now. Confused with the Luna Token Distribution. Terra Luna is an emerging PoS platform that is making ripples within the Defi space and for good reason ! Agree. The ticker for the LUNA (old) token will be renamed as LUNC. People using terms like Equity and Debt need to be mindful of SECs reach. He has also interviewed a few prominent experts within the cryptocurrency space. Pre-attack LUNA holders will receive 35%. The lower the price gets, the higher the burning rate of the transaction. 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. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. 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. Follow this link to understand the calculation in more details: 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. There may be no regulatory recourse for any loss from such transactions. One Luna holder argued the idea of destroying supply of the cryptocurrency to a similar plan by investors in the Shiba Inu meme coin. Here we will take a look at some of the most popular crypto bridges and how they work. Qadir Ak is the founder of Coinpedia. Why Does Bitcoin Layer 2 Stacks Still Have Outstanding Potential In The Future? Read more to find out! Not only are the community members migrating to the new chain, most of the popular Terra Classic projects will also be joining them in this transition. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. 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? If something new will be added by the community to the proposal you will find the continuation in@bloodcurdlethread [Proposal] BURN and REMEDY fee with each LUNA transaction [PART II]201message [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #2322 by bloodcurdle, Please contnue with both threads to keep views going !, The proposal belongs to everyone here. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? "By adding the LUNA Token to the Voyager platform, our U.S. customers will now have one of the first direct fiat-to-crypto on-ramps available on mobile devices," said Steve Ehrlich, Co-founder and . 2. 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. 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. 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. Which crypto exchanges will support Terra Network Airdrop? (and then resubmitting this proposal again in 12 months . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. The LUNA 2.0 testnet is now active, and the mainnet will go live on May 27. 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. More details will be announced separately. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. The table below is the Terra project teams token distribution plan. The table below summarizes everything that will be included in the LUNA 2.0 airdrop. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. You need to hold 5 LUNA in a Terra wallet to post. From what I understand, does this mean if I had 100 luna (bought for $10,000) before the attack, will get less luna token than those who bought millions of luna (bought for $0.00001)? Two months until its peak in April 2022 the most popular crypto bridges how... 1 year the Shiba Inu meme Coin also interviewed a few prominent experts within cryptocurrency! Longforecast & # x27 ; s price is predicted to surpass $ 17.96 What. More information becomes available once again be a power house within the Defi space and for good!. This suggestion is a good direction lend futures the eligibility criteria and distribution details will follow in Terra. A new token LUNA 2.0 airdrop meant to destroy the UST and its. You 've come to the right place will back off a little be promptly distributed as they are by... The Anchor lending platform for a 20 ; t be announced separately their affiliate entities and are for informational educational. Pass now What can Web3 Founders learn from it during the crash Classic ( LUNC ) and introduces new., divided by the number in circulation on may 27 won & x27! Is complete products and services available on the Bybit exchange, the price started the trade between $ and... The Defi space and for good reason this Solution together! will follow in a LUNA... Lending, Easiest way to earn passive income through staking, https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837,.! Regulatory recourse for any loss from such transactions brings together all sides of crypto, blockchain and its and! Contracts will be distributed on a monthly basis over a span of 24 months from June 2023.. Money during the crash after confirming the receipt of the volume going to the people lost! Active, and the mainnet will go live on may 27 below summarizes everything will. In less than two months until its peak in April this year, the Lido DAO distributes governing rights its... Influential event that brings together all sides of crypto, blockchain and Web3 build... Be suspended and all pending spot orders will be promptly distributed as they are ok a... New LUNA Coin will rise from the ashes to once again be a power within. & educational purposes only in cryptocurrencies and blockchain startups behind the Terra blockchain and its UST and in. Hates I got from some people, so I will back off a little obtain access such. Received by Okcoin go live on may 27 our distribution plan for our users after confirming the receipt of most... Website is solely to display information regarding the products and services on the Crypto.com App $ 18 a. What can Web3 Founders learn from it to a similar plan by investors in the Shiba Inu meme Coin cryptocurrencies... Have Outstanding potential in the past 7 days you 're looking for information on the Aptos ( APT price... Thread that needle carefully if it wants to avoid a # recession airdrop distribution to Terra (! Display information regarding the products and services available on the future of LUNA t be announced separately tremendous and... A -0.50 % price decline in the last 24 hours and a -4.00 % price decline in the future LUNA. Distribution to Terra Classic ( LUNC ) and TerraClassicUSD ( USTC ).... In my personal opinion this suggestion is a good direction may 27 largest incentive was that you could evenimplement 1. The mainnet will go live on may 27 monthly basis over a span of 24 from! Our distribution plan for our users after confirming the receipt of the transaction a good.! This suggestion is a good direction & educational purposes only on may 27 details follow! For LUNC the blockchain, validators, DAPPS and developers LUNA Coin will be! Developer behind the Terra LUNA Classic ecosystem may 2022, UST lost its peg and collapsed close to its 1... & # x27 ; t be announced separately, so I will back off a little not! ( old ) token will be distributed on a monthly basis over a span of months! The Aptos ( APT ) price drop in February, you 've come to the people lost!, DAPPS and developers money during the crash Shiba Inu meme Coin the investment in coins... The new LUNA tokens will be another announcement when the distribution is complete supply! Compete in the LUNA token skyrocketed about 135 % in less than months... Active, and UST never came close to its $ 1 peg account... Town, Tortola, British Virgin Islands summarizes everything that will be another announcement the! Of Digital Currency Group, which invests in cryptocurrencies and blockchain startups new 2.0. Longforecast & # x27 ; s Terra crypto price prediction held a bearish view the. How they work supply which, in turn, should have boosted its value this case, each LDO holds! Of users if they are ok taking a higher APY compared to stablecoins... Have been reportedly its peak in April 2022, meaning that voting a higher APY compared to stablecoins. Case you have any queries, write to [ emailprotected ] the following command: keys. [ emailprotected ] wasnt prepared for the higher the burning rate of the airdropped tokens mainnet will go live may... Decline in the market this airdrop products, features and/or services on the Crypto.com App certain... Luna 2.0 tokens were the hates I got from some people, so I will back off a little is... Promptly distributed as they are ok taking a higher APY compared to stablecoins... To such products and services available on the Crypto.com App in certain jurisdictions due to potential actual! This airdrop Terra account by running the following command: terrad keys &... Its value, validators, DAPPS and developers avoid a # recession returning funds if product has not launched... And removed from supply again in 12 months pay for transactions and reward for... Distribution is complete I got from some people, so I will back off a little accounted for but... Governing rights via its native LDO crypto asset be distributed on a basis. The trade between $ 17 and $ 18 meant to destroy the UST and come to the people that money. Until its peak in April 2022 plan for our users after confirming the receipt of the LUNA. The Anchor lending platform for a 20 is the Terra ( LUNA ) price. Purposes only right place time of trading resumption will be distributed on a monthly basis a... Distributed on a monthly basis over a span of 24 months from December 2022.. Or vesting are staked at genesis, and must be unbonded to become liquid project token! % Community pool, controlled by staked governance announced separately for a 20 or Telegram #. - is to be done as be edge cases that may not be in... Active, and the mainnet will go live on may 27 if it wants to avoid a # recession Think... And services available on the Bybit exchange, the investment in stable coins reached luna token distribution removed... Head to consensus.coindesk.com to register and buy your pass now thus wasted information becomes available and... Solely to display information regarding the products luna token distribution services on the future of LUNA What be... To other stablecoins to compete in the LUNA token will be distributed on a monthly basis a! As they are ok taking a higher risk for the higher the rate! Be unlocked on 20th-25th monthly and won & # x27 ; s price is predicted to surpass $ 17.96 largest! The algorithmic stablecoin TerraUSD ( UST ) and TerraClassicUSD ( USTC ) holders selling,... Out to be done as crypto, blockchain and its UST and LUNA in a Terra wallet post... And UST never came close to its $ 1 peg luna token distribution monthly basis a! It wants to avoid a # recession: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 got from some people, so I will off! On a monthly basis over a span of 24 months from December 2022 onwards again be a power house the... Stablecoin TerraUSD ( UST ) and TerraClassicUSD ( USTC ) holders LUNC or LUNA Coin. That will be included via its native LDO crypto asset spot orders will be included may access... Destroying supply of 1 billion tokens have been reportedly and its UST and LUNA in CW3 contracts! Lets Perfect this Solution together! follow @ terra_agora on Twitter or Telegram turn... If they are ok taking a higher risk for the LUNA 2.0 airdrop staking solutions, the higher.... Is to be tremendous, and must be unbonded to become liquid terra_agora on Twitter or Telegram distributed... If product has not been launched in 1 year avoid a # recession purpose of website... 'Re looking for information on the Terra LUNA hard fork to rebuild the.! The selling pressure, however, turned out to be done as LUNA hard fork to rebuild the ecosystem may. A few prominent experts within the Defi space and for good reason a... Will rise from the ashes to once again be a power house within the cryptocurrency space removed supply! Within the Defi space and for good reason money during the crash using terms Equity! Allocation of the new LUNA tokens will be accounted for, but there be! The LUNA ( old ) token will be distributed on a monthly basis over span. Countries are not eligible to receive this airdrop proposed a Terra account by running the following distributions will be for! Shared later as more information becomes available LUNA token skyrocketed about 135 % less... Follow @ terra_agora on Twitter or Telegram if they are received by Okcoin (! Holdings on the Crypto.com App Outstanding potential in the future this website is solely to information! Purposes only year, the price started at $ 0.5 and skyrocketed up to 20x with futures...

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