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. Additional Read: LUNC Price Prediction Weekly. . We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! Luna (LUNA) price is up 0.120000% in the last 24 hours. In case of any further queries, please reach out to us at Support here. * Users staked UST (old) with Binance Staking would then be staked on-chain, with AnchorUST (aUST) as the yield-bearing token, thus UST (old) Staking users on Binance are also covered by the recovery plan. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. The above information represent the independent views of Primestack Pte. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . In addition, the LUNA token's price can secure a maximum of $4.67. Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of Luna. Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto in one place. Subject to Crypto.coms successful receipt of the Terra project teams issuance of LUNA2 tokens, we will facilitate the distribution of the new Terra 2.0 token (LUNA2) to all eligible users. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. 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. . 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. 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. About trading the new token. So using your example it's 35% (of say $10 million) divided by whatever circulation of pre-attack Luna was (say 21 million), vs 10% (of $10 million) divided by 6.5 trillion (post-attack Luna). Email us: [emailprotected]. Further details are shown in the timeline below: LUNA (old) and UST (old) deposits and withdrawals will be suspended on 2022-05-26 at 14:00 (UTC). 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. Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! Please Comment What You Think and Lets Perfect This Solution Together!! LUNA2 will be listed for Limit Order trading on CoinSwitch. 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." . Terra will then burn the LUNA tokens you supply. @terra_money. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. 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. Undoubtedly, one of the hottest topics is the incoming LUNA airdrop and the way it's distributed to LUNC token holders. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. Follow this link to understand the calculation in more details: 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. Join CoinCu Telegram to keep track of news:https://t.me/coincunews, Follow CoinCu Youtube Channel| Follow CoinCu Facebook page, 2021 COINCU Financial Group Inc. Heres what you need to know. Terraform Labs, the developer behind the Terra blockchain and its UST and . Terraform Labs took to Twitter to confirm that Terra had started producing blocks on the newly-named Phoenix-1 mainnet. The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . Before Astroport's Dec. 28, 2021 launch, airdrop recipients will have the option of "pre-claiming . New LUNA (LUNA2) Airdrop. Detailed . Nakamoto index is the number of top addresses, holding togerther more than 51% of all coin supply. Please dont vote if you havent staked LUNA. 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. As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. I just sit down yesterday and decided to think about the idea that could work. Get your step-by-step guide to setting up an account with Crypto.com. Ltd, and/or their affiliate entities and are for informational & educational purposes only. Trading with a near limitless order book. LUNA) to all eligible users based on Terra project teams. 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). LUNC or Luna Classic Coin was created on the 05/27/2022. It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. News and analysis for the professional investor. LUNA2 airdrop. March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. A billion new Luna tokens will be airdropped to stakers and developers if approved. Quant Strategist / High Frequency Trading Full Time, Security Around 14/15 tokens per million post . 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. 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 . Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. What you are going to read here is first part of the proposal. 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. To preserve network security, all airdropped tokens will be immediately staked. 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You can also mint LUNA with Terra stablecoins. All rights reserved by Primestack Pte. To sum it up, this is what the distribution looks like: Community pool - 30%. Community pool will receive 30% of the token distribution, with 10% earmarked for developers. Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). 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. So, based on the Proposal 1623, the Terra team plans to create a new chain that doesnt include the algorithmic stablecoin. For existing will share further information about what steps we will share further information about what steps we be... 1623, the developer behind the Terra team plans to create a new chain doesnt! Behind the Terra blockchain and its UST and $ 4.67 their affiliate entities and are for &! 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