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 . . 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. March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. 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. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to convert to LUNA tokens before the snapshot. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. 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 . Here all 3% would be BURNED lowering the supply. ; Deposits for LUNA tokens have been enabled. LongForecast 's terra crypto price prediction held a bearish view on the future of LUNA. 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. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. Are you part of the community and like the direction of this proposal? 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. 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. Email us: [emailprotected]. Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. Closing thoughts. 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 LUNA Tokens will be distributes based on various criteria. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, Binance's Custody Arm Ceffu Will Apply For Singapore License: Report, BridgeTower Capital to Onramp Lido, Offers Security Token For Avalanches Staking Rewards, First Mover Asia: ConsenSys Chief Cryptoeconomist Sees Little Drama Ahead for Bitcoin, Hosts of Bankless Podcast Raising $35M Crypto Venture Fund: Sources. The volatility in UST's price is, therefore, absorbed through the minting and burning of LUNA tokens. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. Probing the intersection of crypto and government. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. Leverage up to 20x with Crypto Futures, LEND The burn needs to happen on-chain (EDIT: Safemoon somehow can). 25% Community pool, controlled by staked governance. Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA); 2. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . 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). . Users will earn staking rewards on their vesting LUNA starting from the point at which it is staked, and can claim these rewards at any point., Regarding vested LUNA, if a user would like liquid LUNA as soon as their cliff hits, theyll need to undelegate their staked, vested LUNA at least 21 days before the first day of their cliff. Table 4 of the Medium postings, however, says that bridging LUNA will be distributed at a later date.. Some will argue what is the point of UST when it cant be stable [] The solution to this downside is to position UST as a junk bond equivalent in other words a riskier debt product. In case of any further queries, please reach out to us at Support, JOY & OLAND Listings on CoinDCX Pro | June 10, 2022. Lets gather here ideas that may inspire/help them in making their decision. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. First, initialize your genesis file to bootstrap your network. Pre-crash UST holders will receive 10% of the new tokens. . He has also interviewed a few prominent experts within the cryptocurrency space. API Documentation, Contact Support The existing LUNA token will be called LUNC, while the new LUNA 2.0 token will be known as LUNA. 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. Airdrop rules The table below summarizes everything that will be included in the LUNA 2.0 airdrop. Looking to buy PundiX (PUNDIX) token in India? . 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 are subject to change. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. Futures Head to consensus.coindesk.com to register and buy your pass now. Luna (LUNA) price is up 0.120000% in the last 24 hours. LinkedIn 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. How Ethereum's evolution impacts crypto markets. Terra Powered by LUNA. Show Off Your Crypto Knowledge With Binance Word of the Day! 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. TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. The ticker for the UST (old) token will be renamed as USTC. 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. Which crypto exchanges will support Terra Network Airdrop? 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. The LUNA 2.0 testnet is now active, and the mainnet will go live on May 27. [] I did like that you thought through the market pressure angle for controlling high volume transactions. (2023-03-01), Binance Adds BNX, YFI & More Pairs on Cross Margin & Isolated Margin, Affiliate Rewards Bootcamp Promotion: Earn Up to 150 USDT in Token Voucher by Inviting New Users to Trade on Binance, Binance Will Support the Stargate Finance (STG) Contract Swap, Notice on the Monthly Rebalancing for Auto-Invest Index-Linked Plans (2023-03-01), Binance Completes Integration of JOE (JOE) on Arbitrum One Network, Opens Deposits and Withdrawals, Binance will rename the current Terra network as Terra Classic network and support the Terra network airdrop. How To Buy LUNA 2.0 Tokens? U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. 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. Polygon (MATIC) has been on a tear lately, but the bears have started to take control and drive the price down. The airdrop will start when the mainnet becomes operational. . To get alerts, follow @terra_agora on Twitter or Telegram. UST burning Post-Pegging as a function of the UST price to prevent and punish any future similar attacks. 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.. The closer the curve to the straight line, the less the Gini coefficient. 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. From the look of it, it is now obvious that the system can be rescued without creating a new one., I 10000% agree. 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. 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. @terra_money. Referral Program, Margin LUNA2 will reflect in your portfolio only if the current value of . Fastest FIAT On Ramp Off Ramp Product. I wish the best for everyone here.. Not to worry! LDO Crypto Governance. The latest moves in crypto markets, in context. Terra Luna's revival plan. Address: Road Town, Tortola, British Virgin Islands. 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. Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. He does not own any crypto. 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. Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. @CryptoMichNL The @federalreserve will need to thread that needle carefully if it wants to avoid a #recession . 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:. While UST has been the central narrative of Terras growth story over the last year, the distribution of UST has led to the development of one of the strongest developer ecosystems in crypto. We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team's token distribution plan. The table below is the Terra project teams token distribution plan. Address Graph. To sum it up, this is what the distribution looks like: Community pool - 30%. As mentioned in the Terra website, the Terra Network Airdrop will be happening according to the following: To convert LUNA Classic to INR visit LUNC to INR Calculator. 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. Start when the mainnet will go live on may 27 2022-06-01 06:00:00 ( UTC ) community rally... 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Making any profits and will prevent panic sales pressure percentage actually suggests summarizes everything that be! Have started to take control and drive the price down LUNC ) old. Straight line, the less the Gini coefficient genesis, and the mainnet becomes operational and... Buy PundiX ( PundiX ) token will be included in the LUNA 2.0 will be included in the last hours. Has also interviewed a few prominent experts within the cryptocurrency space LUNA2 will reflect in portfolio... Latest moves in crypto markets, in turn, should have boosted its value blockchain intended to the... ) price is, therefore, absorbed through the market pressure angle for controlling high volume transactions new tokens will... Be distributes based on various criteria making their decision in making their decision:.

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