CoinDCX will support LUNA & UST Migration and New LUNA Airdrop, to read more click here. In 2030, LUNA's price is predicted to surpass $17.96. 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. Probing the intersection of crypto and government. The above information represent the independent views of Primestack Pte. . 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." . News and analysis for the professional investor. I think recovery is going to be a mid term to longer road, than a shorter one, and in some ways the longer road will allow for a healthier return. The crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. 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. Terra Powered by LUNA. In case you have any queries, write to[emailprotected]. So far, the market has been able to respect the peg even at times when it went as high as 30 . 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. LUNA, the proof-of-stake coin powering the new Terra blockchain. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development, Press J to jump to the feed. Users can confirm the receipt of these tokens in their spot wallets via the, Pre-Attack Snapshot Height: 7,544,910 (2022-05-07 14:59:37 UTC), Post-Attack Snapshot Height: 7,790,000 (2022-05-26 16:38:08 UTC). (2023-03-02), Earn Wednesday: New Limited-Time Offers Available Now! In May 2022, UST lost its peg and collapsed. LUNA2 is the native token used for governance of the network. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake. As of this weekend, 50 billion tokens have been reportedly . Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! Trade For all staking solutions, the Lido DAO distributes governing rights via its native LDO crypto asset. The lower the price gets, the higher the burning rate of the transaction. Target staking rewards of 7% p.a. Earn attractive annual interest through lending, STAKE Lend Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. 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. The number of tokens that eligible users may receive in the airdrop will depend on the quantity of LUNC tokens held at a specific time (based on the pre-attack and post-attack snapshot timings). Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). LUNA that has not yet been vested can be removed at any time. Following the previous announcement, Crypto.com is pleased to announce that the airdrop of the new Terra 2.0 token (LUNA2) has started and is expected to be completed by 1 Jun 2022 16:00 UTC.. Time of trading resumption will be shared later as more information becomes available. However, selling pressure was intense, and UST never got close to its $1 target. The volatility in UST's price is, therefore, absorbed through the minting and burning of LUNA tokens. Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA); 2. LUNA tokens will not be included in LUNA 2.0. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. 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. Oliver Knight is a CoinDesk reporter based between London and Lisbon. 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. Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. Details concerning the token distribution . Luna 2.0, a new Terra Luna token, is set to launch on May 27, rising from the ashes of the spectacular crash that rocked the cryptocurrency market right down to its socks. Next, create a Terra account by running the following command: terrad keys add < account_name >. 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. The burn needs to happen on-chain (EDIT: Safemoon somehow can). The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. Post-attack UST holders - 15%. Controlled by staked governance. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . To understand the calculations behind each segmented distribution, here are the methods: SUM(MIN(users aUST balance, 500k)) TFL wallets UST Supply, aUST allocation / Eligible Pre-attack aUST Supply, LUNA allocation / Eligible Pre-attack LUNC Supply, LUNA allocation / Eligible Post-attack LUNC Supply, LUNA allocation / Eligible Post-attack UST Supply. The distribution will be announced separately. Step 1: Create network and account. Insta Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. The Luna recovery plan is set to restore the value of the Luna token and reward holders and users of the Luna token. Holder address. 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. Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto in one place. Token Graph. Trading with 6x leverage across 250+ markets. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. In case of any further queries, please reach out to us at Support here. Will it continue to fall below $1? First, 30%, or 30 million, LUNA would be put aside in a community pool, with 10% earmarked for developers who, it was hoped, would use the Terra 2.0 blockchain to transfer over decentralised applications (DApps) from the original Terra system. . Eligibility criteria for holders to receive new LUNA tokens in the following manner: For example, if you have 1000 LUNA tokens before the hack, you will receive 1100 new tokens; however, if you purchased LUNA tokens after the hack, you will only receive 0.015 new tokens. To understand the calculations behind each segmented distribution, here are the methods: Formula = SUM(MIN(users aUST balance, 500k)) TFL wallets UST Supply, Formula = UST Supply TFL wallets UST Supply, Formula = LUNC Supply TFL wallets LUNC Supply, Formula = aUST allocation / Eligible Pre-attack aUST Supply, Formula = LUNA allocation / Eligible Pre-attack LUNC Supply, Formula = LUNA allocation / Eligible Post-attack LUNC Supply, Formula = LUNA allocation / Eligible Post-attack UST Supply, Pre-attack aUST holders airdrop ratio x User pre-attack eligible aUST holdings, + Pre-attack LUNC holders airdrop ratio x User pre-attack LUNC holding, + Post-attack LUNC holders airdrop ratio x User post-attack LUNC holding, + Post-attack UST holders airdrop ratio x User post-attack UST holding. To sum it up, this is what the distribution looks like: Community pool - 30%. Ltd/ Neblio Technologies Pvt. 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. 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 following distributions will be unlocked on 20th-25th monthly and won't be announced separately. Terraform Labs has provided details on the LUNA 2.0 airdrop, which will take place on May 27, 2022. "The distribution . - from June 2023 onward, monthly distribution over 24 months. How To Buy LUNA 2.0 Tokens? People using terms like Equity and Debt need to be mindful of SECs reach. Note Crypto products and NFTs are unregulated and can be highly risky. If you had 10,000 to 1 Million LUNA (old) token holdings before 07. Easiest way to earn passive income through staking, INSTA Commit to returning funds if product has not been launched in 1 year. We can do this by depositing ~750k USD worth of tokens into a enterprise DAO and releasing a months worth of funds at a time. . First, initialize your genesis file to bootstrap your network. Follow this link to understand the calculation in more details: 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. 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. Digital Coin Price's Terra Luna price prediction states that the price of LUNA is predicted to trade above $3.92 in 2024. Wouldnt that be wonderful? Amount. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. 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. 2. 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. Following the LUNA tokens de-pegging from its $1 parity, everything came crashing down, leaving many investors with nothing as LUNA quite literally went to $0. The above mentioned pointers are as Terra has mentioned in their blog, to sum it up in simple words: Adding onto the airdropped tokens, the wallet of Terraform Labs (TFL) will be removed from the whitelist for the airdrop, as it is intend to make Terra a fully community-owned chain. Certain pre-determined set of criterias will set an initial unlock as well as a vesting schedule for the Terra ecosystem tokens. For more information, please refer to. Nakamoto index is the number of top addresses, holding togerther more than 51% of all coin supply. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> Trading with a near limitless order book. It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. What is Terra 2.0? . The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . 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. 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. 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:. 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). ; March 2020: Chainlink will work with Solana to build a fast oracle system. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Address Graph. Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. UST or LUNA on Terra protocols that cannot be easily identified. 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. Pre-crash LUNA holders will receive 35% of the new tokens. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. 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. 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. How Will the Terra LUNA 2.0 Airdrop Token distribution be Calculated? Heres what you need to know. Detailed . Transactions. 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. 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. Then the price rallied towards the $20 level. The ticker for the LUNA (old) token will be renamed as LUNC. I wasnt prepared for the hates I got from some people, so I will back off a little. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Table 1: LUNA token and reward holders and users of the transaction & # x27 ; price... To build a fast oracle system index is the native token used for governance of the Terra. 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