The ticker for the UST (old) token will be renamed as USTC. Heres what you need to know. 2. By the end of the year, Terra is expected to reach a minimum value of $3.83. The transformation of value in the digital age. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . Hopefully do kwon and his@teamwill figure something out that will work for everyone, especially those who lost a lot of money and their savings. From what I understand, does this mean if I had 100 luna (bought for $10,000) before the attack, will get less luna token than those who bought millions of luna (bought for $0.00001)? The eligibility criteria and distribution details will follow in a separate announcement. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. . SPOT How To Buy PUNDIX Token In India? 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. Address Graph. Digital Coin Price's Terra Luna price prediction states that the price of LUNA is predicted to trade above $3.92 in 2024. Trading, deposits and withdrawals will be enabled at the same time.. 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). The algorithm works in a way where if there is an excess of UST tokens that threatens the $1 peg, LUNA tokens are burned to keep the price at a constant $1 and vice versa. Email us: [emailprotected]. Create an account to follow your favorite communities and start taking part in conversations. It will become the choice of users if they are ok taking a higher risk for the higher return. How Ethereum's evolution impacts crypto markets. 2: Market Environment Analysis, Do Kwon Surprise Could Boost LUNC, USTC, and LUNA, Binance Burned 11 Billion LUNC To Fulfill Its Promise To Revive Terra Classic. 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. Over the past week, the algorithmic stablecoin UST and its sister token LUNA dropped precipitously in price, with LUNA going from $100 in April to a jaw-dropping price of $0.0001 on Friday, making . LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. Ltd/ Neblio Technologies Pvt. 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. As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 How will the LUNA 2.0 Airdrop be distributed? I wasnt prepared for the hates I got from some people, so I will back off a little. We have huge volume that can be taken advantage of. Investors will return.link: Validators can set their own minimum gas fees. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. Lets take a look at the 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. Leverage up to 20x with Crypto Futures, LEND Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. Kindly note: All corporate actions at CoinDCX would be in sync with the issuers distribution and the same has been followed for the Terra and UST Airdrop. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. Head to consensus.coindesk.com to register and buy your pass now. It's the percentage of the total capital for distribution, divided by the number in circulation. 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. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. MARGIN 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. The arrangements are as follows: 1. Please Comment What You Think and Lets Perfect This Solution Together!! First Lets get a flashback Of what Really Happened With Terra (LUNA). Ltd, and/or their affiliate entities and are for informational & educational purposes only. If you are looking for the documentation for Terra Classic, visit the Terra Classic docs site. Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. Convert Its the percentage of the total capital for distribution, divided by the number in circulation. Additional Read: Terra Luna Price Crash Explained. All rights reserved by Primestack Pte. 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 . Pre-crash UST holders will receive 10% of the new tokens. 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. By clicking the Get Started button you acknowledge having read the, For Crypto.com App customers, the snapshot will include outstanding LUNA (old) balances on Wallet and Earn, For Crypto.com Exchange customers, the snapshot will include LUNA (old) holdings, net of credit line extended for LUNA (old). Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. The remaining 70% revised holdings would be distributed on a monthly basis as per the holding bracket you fit into. The Airdrop whitelist will be updated to remove Terra FormLab and Luna Foundation Guard (LFG) from the wallet addresses. Step 1: Create network and account. Token Graph. For more information, please refer to. Due to the excess amount of UST tokens being available the FOMO among the crypto investors led them to sell off even more UST tokens and within a few days, the token was trading around $0.30; that is a solid 70% lower than its usual value! Nakamoto index is the number of top addresses, holding togerther more than 51% of all coin supply. 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. In May 2022, UST lost its peg and collapsed. ; March 2020: Chainlink will work with Solana to build a fast oracle system. The above information represent the independent views of Primestack Pte. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. He does not own any crypto. What are Crypto Bridges & Popular Crypto Bridges. Are you part of the community and like the direction of this proposal? 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. On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). This enabled dealers to print LUNA in large quantities, resulting in a tremendous supply of over 6 trillion LUNA in just a few days. 1,000,000,000 Luna tokens. Reddit. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. Holder address. Trading with 6x leverage across 250+ markets. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. 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 table below is the Terra project teams token distribution plan. There are 968 unique holders of Luna now on total amount 6 000 000,00 LUNA. The Official tweet from Terra stated: https://twitter.com/terra_money/status/1529665416108208128. 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. 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. We hope this detailed information will help you estimate your LUNA holdings appropriately. 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). TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. 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. 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. Careers $UST peg failure is Terras DAO hack moment a chance to rise up anew from the ashes. - 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. 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. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. 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. For the most uneven distribution, it is 1. if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on now. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. LUNA2 will be listed for Limit Order trading on CoinSwitch. Some people compare this tokenomics with Safemoon. LUNA) to all eligible users based on Terra project teams. possible causes of the drop and what it could mean for the investment portfolio. 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. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. 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.. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. The new LUNA tokens will be promptly distributed as they are received by Okcoin. At its peak in April this year, the investment in stable coins reached a . 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. There may be no regulatory recourse for any loss from such transactions. The closer the curve to the straight line, the less the Gini coefficient. Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! Target staking rewards of 7% p.a. Easiest way to earn passive income through staking, INSTA 3. at Terra Classic block height of 7,544,910. The Terra ecosystem and its community are worth preserving. The eligibility criteria and distribution details will follow in a separate announcement. 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. You can also mint LUNA with Terra stablecoins. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. Today it reached a high of $1.76, and now sits at $1.73. Contact Us, Facebook Here's everything you need to know about PundiX, from what it is to how you can buy it. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? In 2030, LUNA's price is predicted to surpass $17.96. While LUNA, UST holders get airdrops, these . Luna Holders. 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. Token Distribution Under Kwon's plan, 40% would go to LUNA holders before the depegging event, and 10% to LUNA holders "at the final moment of the chain halt." Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. LUNA 2.0 Airdrop, Tokenomics, and Distribution Airdrop and Distribution. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens. In an official blog post, Terra explained the distribution of Luna tokens to existing users in the following manner. What I 'm lead to believe is what we will get the LUNA token went into a decline! 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