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. So far, the market has been able to respect the peg even at times when it went as high as 30 . One of the most happening topics within the crypto ecosystem is circling the LUNA 2.0 token airdrop and the way it is going to be distributed to LUNC token holders. Calculated as a square measure above the Lorenz curve. Blog If you had 10,000 to 1 Million LUNA (old) token holdings before 07. 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. The new LUNA token will have a circulating supply of 1 billion tokens. A billion new Luna tokens will be airdropped to stakers and developers if approved. 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. The Luna token skyrocketed about 135% in less than two months until its peak in April 2022. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. What is Terra 2.0? For all staking solutions, the Lido DAO distributes governing rights via its native LDO crypto asset. Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. Head to consensus.coindesk.com to register and buy your pass now. How Ethereum's evolution impacts crypto markets. Now the rest belongs to the community. at Terra Classic block height of 7,790,000. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. As Per press time, LUNAs price is trading near $6.09. 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. He does not own any crypto. All rights reserved. The Terra community has now voted and accepted a proposal for LUNA 2.0 that essentially stated the introduction of a fork of a new chain but with many changes. Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? 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. Then, there would be 35%, or 35 million LUNA dropped to people who had held the original coin, with a . Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. The burning rate is a function of the circulating supply as follows. Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. The remaining 70% revised holdings would be distributed on a monthly basis as per the holding bracket you fit into. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . Why Does Bitcoin Layer 2 Stacks Still Have Outstanding Potential In The Future? As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. Reddit. The existing LUNA token will be called LUNC, while the new LUNA 2.0 token will be known as LUNA. Read more to find out! - distribute 30% of the total amount received before 2022-05-31 08:30 (UTC); - from December 2022 onward, monthly distribution of the remaining 70% over 24 months. Which crypto exchanges will support Terra Network Airdrop? Under the new proposal, Terra plans to distribute tokens to holders of the old luna soon to be renamed "luna classic" and UST tokens. Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! 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.. Markets 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. 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. 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. Before Moving to what is Terra 2.0? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. 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. The crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. A new Luna coin will also be produced as a result. It is not intended to offer access to any of such products and services. 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. Convert As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. Terra (LUNA) Future Outlook and Price Prediction. Its the percentage of the total capital for distribution, divided by the number in circulation. Gini Coefficient measures the inequality among address balances. Post-attack LUNA holders - 10%. Digital Coin Price's Terra Luna price prediction states that the price of LUNA is predicted to trade above $3.92 in 2024. Finally, Wallet Investor was a lot more optimistic when it came to making its terra price prediction for 2023. Are you part of the community and like the direction of this proposal? Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. Step 1: Create network and account. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. 1,000,000,000 Luna tokens. Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens. new LUNA Tokens will be distributes based on various criteria. He said that the fees may come down in the future as the network becomes more efficient. Trading with 6x leverage across 250+ markets. What financial advisors need to know about crypto. 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. March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. 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. Lets take a look at the Temporarily I believe they need either proposal 1164 or 1169 until something like that is done however.Link:[Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #569 by HelloThere, The proposal as put forward by Do Kwon @stablekwon and the Terra Team. 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. . The transformation of value in the digital age. This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . Ltd. !The final decision will belong of course to the team. 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