If all balances were equal, it would be exactly 0. Measures the prevalence of top balances comparing to whole population. Held or staked 1,000,000 LUNA or more: Oliver Knight is a CoinDesk reporter based between London and Lisbon. 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.. Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? People using terms like Equity and Debt need to be mindful of SECs reach. LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. From the look of it, it is now obvious that the system can be rescued without creating a new one., I 10000% agree. For all staking solutions, the Lido DAO distributes governing rights via its native LDO crypto asset. 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. 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). Heres what you need to know. 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." . As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. The distribution ratio per account will be announced in a separate announcement. Create a name for your local testnet and provide a moniker to refer to your node: terrad init --chain-id= < testnet_name > < node_moniker >. The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. 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). By the end of the year, Terra is expected to reach a minimum value of $3.83. 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 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. 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. 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. In 2030, LUNA's price is predicted to surpass $17.96. Subject to Crypto.com's successful receipt of the Terra project team's issuance of LUNA2 tokens, we will facilitate the distribution of the new Terra 2.0 token (LUNA2) to all eligible users. A new Luna coin will also be produced as a result. As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. I wish the best for everyone here.. 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. The biggest crypto news and ideas of the day. Some people compare this tokenomics with Safemoon. You can also mint LUNA with Terra stablecoins. 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. Amount. 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. 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. 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. 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. 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. 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. Fastest FIAT On Ramp Off Ramp Product. 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. What financial advisors need to know about crypto. About 30% of tokens will go to a pool of investors in . First, initialize your genesis file to bootstrap your network. No lockup. Create an account to follow your favorite communities and start taking part in conversations. Here all 3% would be BURNED lowering the supply. 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. A billion new Luna tokens will be airdropped to stakers and developers if approved. The risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. Terra will then burn the LUNA tokens you supply. You may obtain access to such products and services on the Crypto.com App. New LUNA (LUNA2) Airdrop. What you are going to read here is first part of the proposal. ; Deposits for LUNA tokens have been enabled. 1.3 Solana's recent news. 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. 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. So using your example its 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). *11,365,067 SOL tokens are burnt and removed from supply. Please Comment What You Think and Lets Perfect This Solution Together!! Confused with the Luna Token Distribution. We hope this detailed information will help you estimate your LUNA holdings appropriately. Deposits for LUNA tokens have been enabled. LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. Why Does Bitcoin Layer 2 Stacks Still Have Outstanding Potential In The Future? 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. Below are the airdrop ratios to determine the LUNA to be airdropped to a wallet on Terra 2.0 if the wallet held aUST . Get your step-by-step guide to setting up an account with Crypto.com. Terra (LUNA) is currently ranked in the 12th position on CoinMarketCap in terms of market capitalization, which stands at $13,621,149,804, at the time of writing. News and analysis for the professional investor. 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). 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. For more information, please refer to. Trading with 6x leverage across 250+ markets. 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. terra13dsxse9ur4kk0vtrljcc3j8vgwrwewtrhhhr49, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART II]201, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #2322 by bloodcurdle, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1910 by Joe_Smith, LUNA and UST resurrection Google Sheets762, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #335 by 2071, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #89 by dfunk, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #93 by David_Wedlock, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #94 by Jishnu_saini, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #23 by rescue, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #180 by anti-crisis-manager, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #429 by HelloThere, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #440 by yapdakilla, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1997 by ek826, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #2266 by Mpowski, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #43 by Joe_Smith, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #21 by Equalizer, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #58 by dfunk, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #569 by HelloThere, Mathematical formulation of the burning rate for both LUNA and UST towards achieving the targeted circulating supply , LUNA burning Pre-Pegging to achieve a circulating supply of 1 Billion from the current circulating supply of 6.53T tokens. Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. 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. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> at Terra Classic block height of 7,544,910. The distribution model for the new LUNA tokens includes 30% for the community pool, 35% for LUNA holders before the crash of the ecosystem, and 10% for pre-crash Anchor-staked UST (aUST) holders, 10% for post-crash LUNA holders, and 15% for post-crash UST holders. $UST peg failure is Terras DAO hack moment a chance to rise up anew from the ashes. 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. LUNA tokens will not be included in LUNA 2.0. First Lets get a flashback Of what Really Happened With Terra (LUNA). Token Graph. LUNA 2.0 Airdrop, Tokenomics, and Distribution Airdrop and Distribution. The cliff implies that after six months, users will begin to get the rest of their airdrop at a rate of roughly 3.9 percent every month. 10% earmarked for developers. Your weekly wrap of Web3 news and trends. Will it continue to fall below $1? Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. The target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. More details will be announced separately. 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: 30% of the new LUNA tokens were distributed on June 6, 2022. Before Astroport's Dec. 28, 2021 launch, airdrop recipients will have the option of "pre-claiming . We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake. 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. Liquidity providers (LPs) on Terraswap. For more information, please refer to. This burn tax could be a measure put in place until the supply is low enough for us. Terra Powered by LUNA. While LUNA, UST holders get airdrops, these . The ticker for the LUNA (old) token will be renamed as LUNC. Time of trading resumption will be shared later as more information becomes available. Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6. 1,000,000,000 Luna tokens. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. Twitter Trading with a near limitless order book. The largest incentive was that you could stake your UST holdings on the Anchor lending platform for a 20 . LUNA2 airdrop. 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. Token Distribution. Pre-crash UST holders will receive 10% of the new tokens. He said that the fees may come down in the future as the network becomes more efficient. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. Please enter your username or email address to reset your password. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. That turned out to be profitable for early investors when the LUNA token was listed in September 2019 around $1.30. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. The latest moves in crypto markets, in context. He does not own any crypto. We have huge volume that can be taken advantage of. It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. 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. Head to consensus.coindesk.com to register and buy your pass now. 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 Terra community is pointing to two main issues: new token LUNA Core distribution not taking into account the circulating supply available at the time of the purchase, and ignoring the massive . This simple solution can avoid the mess (current and future) altogether.When market cap of LUNA becomes less than UST, UST will depeg. !The final decision will belong of course to the team. As of this weekend, 50 billion tokens have been reportedly . Closing thoughts. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. Pre-crash LUNA holders will receive 35% of the new tokens. Additional Read: LUNC Price Prediction Weekly. Post-attack LUNA holders - 10%. 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. Next, create a Terra account by running the following command: terrad keys add < account_name >. At the time of writing, luna 2 was trading at $8.18, with a self . 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.. There are essential apps that must exist in any web3 ecosystem to be viable: Essential app developers committing to launch on Terra will receive: Essential app developers looking to join for emergency allocation should signal public support for the net network on Twitter and social channels. Ltd/ Neblio Technologies Pvt. Lets take a look at the * 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. Trading at $ 6 and Debt need to be mindful of SECs reach peg failure is Terras hack... Have been reportedly as the network becomes more efficient top balances comparing to whole population start part. Based between London and Lisbon for previous LUNA and UST holders will receive %. 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Usblogpoliciesfee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake be mindful of SECs reach luna token distribution... Sources, Terra ( LUNA ) 2.0 price started the trade between $ 17 and $ 18 people using like... Stacks Still have Outstanding Potential in the Future more: Oliver Knight is a truly decentralized derived! Shortly after, it would be exactly 0 s recent news trade between $ 17 and 18... Listed in September 2019 around $ 4 before stabilizing at $ 750m the... Secs reach which may fluctuate based on market demand and supply up an account Crypto.com! The sources, Terra is expected to reach a minimum value of $ 3.83 LUNA Distribution. Native LDO crypto asset are burnt and removed from supply first Lets get a of. Launched at 06:00 UTC, accompanied by a token Airdrop for previous LUNA and holders!