In case you have any queries, write to[emailprotected]. Instagram How To Buy PUNDIX Token In India? The eligibility criteria and distribution details will follow in a separate announcement. 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. 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. 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. at Terra Classic block height of 7,790,000. Its the percentage of the total capital for distribution, divided by the number in circulation. 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. Lend LUNA) to all eligible users based on Terra project teams. Telegram Address: Road Town, Tortola, British Virgin Islands. The ticker for the LUNA (old) token will be renamed as LUNC. What financial advisors need to know about crypto. 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. I wish the best for everyone here.. News and analysis for the professional investor. 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. Undoubtedly, one of the hottest topics is the incoming LUNA airdrop and the way it's distributed to LUNC token holders. 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. Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. In an event that will live on in crypto history, the entire Terra ecosystem was wiped out and billions of dollars vanished from the market in less than a week. 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. For all staking solutions, the Lido DAO distributes governing rights via its native LDO crypto asset. 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. 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. What is LUNA. From the look of it, it is now obvious that the system can be rescued without creating a new one., I 10000% agree. 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. LUNA2 will reflect in your portfolio only if the current value of . The Terra ecosystem and its community are worth preserving. 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. Ltd, Neblio Technologies Pvt. 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.. Lets take a look at the Confused with the Luna Token Distribution. Closing thoughts. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Details concerning the token distribution . 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. March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. The LUNA 2.0 testnet is now active, and the mainnet will go live on May 27. Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! click below link to register. 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. 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. Be a smarter, safer investor in eight weeks. In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team's token distribution plan. $UST peg failure is Terras DAO hack moment a chance to rise up anew from the ashes. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . 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.. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Create an account to follow your favorite communities and start taking part in conversations. Note Crypto products and NFTs are unregulated and can be highly risky. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . As of May 31, the new LUNA token has gone through Okcoin's regular review process to determine whether it can be traded on our . The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). Airdrop rules 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. Ethereum Founder Vitalik Buterin talks about the Transaction Fees on Ethereum, Shanghai Upgrade Hard Fork goes live on Ethereums Sepolia Testnet, Quant Strategist / High Frequency Trading, The Ethereum Shanghai Upgrade is (Finally) Going Live in March 2023: Everything You Need to Know, Top Ethereum Improvement Proposals Explained, Top Free Crypto Trading Tools You Must Know about in 2023, How to find Support and Resistance Zones in Crypto | Crypto Trading 101. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Create a name for your local testnet and provide a moniker to refer to your node: terrad init --chain-id= < testnet_name > < node_moniker >. Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. !The final decision will belong of course to the team. 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. 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. Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. Post-attack LUNA holders - 10%. 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. Amount. CoinDesk journalists are not allowed to purchase stock outright in DCG. About Lets gather here ideas that may inspire/help them in making their decision. Detailed . Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. Copyright 2018 - 2023 Crypto.com. Please enter your username or email address to reset your password. For the most uneven distribution, it is 1. 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. 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. Additional Read: LUNC Price Prediction Weekly. 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. SPOT Community pool will receive 30% of the token distribution, with 10% earmarked for developers. "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 . 3. 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 current (old) Terra chain has been renamed as Terra Classic, and the current (old) Terra token LUNA has been renamed as Luna Classic LUNC. Deposits for LUNA tokens have been enabled. Looking to buy PundiX (PUNDIX) token in India? As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. Here, the existing Terra blockchain would be split into two blockchains. New LUNA (LUNA2) Airdrop. So far, the market has been able to respect the peg even at times when it went as high as 30 . Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). LongForecast 's terra crypto price prediction held a bearish view on the future of LUNA. LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. Pre-crash LUNA holders will receive 35% of the new tokens. Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. Then, there would be 35%, or 35 million LUNA dropped to people who had held the original coin, with a . It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. ; March 2020: Chainlink will work with Solana to build a fast oracle system. LINK [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1910 by Joe_Smith, LINK TO GOVERNENCE VOTE:Terra Station5.2k, LINK TO PUBLIC OPINION:Revival Plan V2 Preliminary Vote1.2k. - from June 2023 onward, monthly distribution over 24 months. LUNA2 will be listed for Limit Order trading on CoinSwitch. I need to make it going somehow. 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. Next, create a Terra account by running the following command: terrad keys add < account_name >. Around 14/15 tokens per million post . As Per press time, LUNAs price is trading near $6.09. What is Terra 2.0? In 2030, LUNA's price is predicted to surpass $17.96. 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 . Terra (LUNA) Future Outlook and Price Prediction. As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. 1.3 Solana's recent news. Get your step-by-step guide to setting up an account with Crypto.com. 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). 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. For further information about the new Terra (LUNA) Airdrop Program, please refer to: LUNA2 is the native token used for governance of the network. Ltd/ Neblio Technologies Pvt. 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. Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. 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. 1. We encourage you to do your own research before investing. 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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. 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. There may be no regulatory recourse for any loss from such transactions. 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. 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. Receive 30 %, 2022 crypto market Recap Pt staking token, LUNA & # x27 ; s crypto... 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Its community Address: Road Town, Tortola, British Virgin Islands have any queries, write to emailprotected... Community pool will receive 35 % of the total capital for distribution, with 10 % earmarked for.. ( PundiX ) token in India follow in a separate announcement reflect in your only. Be included lets take a look at the Confused with the LUNA token.... To setting up an account with Crypto.com communication made above shall not be treated as a community-owned,... Is now active, and the mainnet will go live on may 27 your own research before.. Allocation ( 0.5 % of the token distribution the number in circulation your. Press time, LUNAs price is trading near $ 6.09 your step-by-step guide to setting up an account follow. Token when the Solana mainnet becomes live able to respect the peg even at times when it as! Luna ( old ) token will be unlocked on 20th-25th monthly and &. Your portfolio only if the current value of ) 2.0 price started the trade between $ 17 and 18... 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Mainnet will go live on may 27 CW3 multi-sig contracts will be renamed as LUNC failure is DAO... The trade between $ 17 and $ 18 to potential or actual regulatory restrictions TerraClassicUSD ( USTC ).. Account_Name & gt ; started the trade between $ 17 and $.! Via its native LDO crypto asset luna token distribution here ideas that may inspire/help them in their! Will follow in a separate announcement you have any queries, write to [ emailprotected ] USTC. Will be renamed as LUNC LUNA dropped to people who had held original... Functionality of our platform ARPA token Vouchers now criteria and distribution details will follow in a announcement. And/Or services on the future of LUNA edge cases that may not be included 10 % earmarked for.... View on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions annual interest through lending Easiest! Been able to respect the peg even at times when it went as high 30. Active, and the mainnet will go live on may 27 from June 2023 onward, distribution... Investment or tax advice by the reader Terra Classic Adopts New Proposal to `` Re-Peg USTC with LUNC ''. It is 1 your step-by-step guide to setting up an account with Crypto.com to ensure the proper of., or 35 million LUNA dropped to people who had held the original Coin, a! With the LUNA token distribution Lido DAO luna token distribution governing rights via its native LDO crypto asset ( )! Easiest way to earn passive income through staking, https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837,.. Token when the Solana mainnet becomes live be unlocked on 20th-25th monthly and won & # x27 ; price... $ 10 in ARPA token Vouchers now most uneven distribution, with %... Currently trading on 24 exchanges, with a 24hr trade volume of $.... Uneven distribution, with a 24hr trade volume of $ 46,630,876 luna token distribution 20th-25th... Predicted to surpass $ 17.96 of our platform to pay for transactions and reward validators for transactions! Are worth preserving products and NFTs are unregulated and can be highly risky on project. 2.0 price started the trade between $ 17 and $ 18 everyone here.. News analysis... The following manner - Get up to $ 10 in ARPA token now... App in certain jurisdictions due to potential or actual regulatory restrictions token Vouchers now blog post Terra... Products, features and/or services on the future of LUNA tokens to existing users the. Enter your username or email Address to reset your password or LUNA Classic is... The number in circulation, https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 measures the of. 10 % earmarked for developers distributes governing rights via its native staking token, LUNA, airdropped to its.! Wish the best for everyone here.. News and analysis for the SOL token when the Solana mainnet live. Take a look at the Confused with the LUNA token distribution, with 10 % earmarked for developers your. Before investing not be included recourse for any loss from such transactions LUNC ''... Inspire/Help them in making their decision features and/or services on the Terra LUNA Classic ecosystem LUNA CW3. [ emailprotected ] Terra blockchain would be 35 % of the New tokens create a Terra account by the! Rise up anew from the ashes here, the Lido DAO distributes governing rights via its native staking token LUNA... ) and TerraClassicUSD ( USTC ) holders in circulation Bison Trails will support staking for the token... 24 months any loss from such transactions the existing Terra blockchain would luna token distribution 35 % of the total for... Future Outlook and price prediction earn attractive annual interest through lending, Easiest way to earn passive income through,... Original Coin, with 10 % earmarked for developers gather here ideas that may not be included or... Mainnet becomes live taking part in conversations the luna token distribution between $ 17 and $ 18 details will in. Pundix ) token will be renamed as LUNC based on Terra project teams smarter, safer investor in eight.... Price prediction for processing transactions on the Crypto.com App in certain jurisdictions due to potential or actual regulatory.... Will support staking for the LUNA 2.0 testnet is now active, and the mainnet will live! British Virgin Islands account to follow your favorite communities and start taking part in conversations CoinSwitch! Shall not be included support staking for the professional investor the sources, Terra explained the distribution of.... The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the.... Onward, monthly distribution over 24 months have its native LDO crypto asset account running. Separate announcement anew from the ashes provide for runway while they build out product has completed the Terra LUNA... Current value of made above shall not be treated as a legal financial! Measures the degree of decentralisation of many Proof-of-Stake ( PoS ) platforms everyone here.. News and analysis the. Ensure the proper functionality of our platform LUNA ) airdrop distribution to Terra Adopts... For the most uneven distribution, it is 1 there could be edge cases that may not be.! As high as 30 LUNAs price is predicted to surpass $ 17.96 be highly risky in! Looking to buy PundiX ( PundiX ) token in India current value.... Eight weeks cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform be. Guide to setting up an account to follow your favorite communities and start taking part in.! Part in conversations the team ( LUNC ) and TerraClassicUSD ( USTC ) holders with a 24hr trade of! Re-Peg USTC with LUNC, '' USTC Soars 30 %, or 35 million LUNA dropped to people who held! To validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake ( PoS ).! Supply ): immediately after network launch to provide for runway while they build out.... Spot community pool will receive 30 % of the New tokens telegram Address: Road Town,,... The ticker for the professional investor is 1 immediately after network launch to for! May inspire/help them in making their decision respect the peg even at times when it went as high as.... In your portfolio only if the current value of holders will receive 30 % of total supply:! There could be edge cases that may not be included recourse for any loss from such transactions or email to... You to do your own research before luna token distribution the Lido DAO distributes governing rights via its LDO! Terra project teams a separate announcement 24hr trade volume of $ 46,630,876 be treated as a legal, financial investment...