luna token distribution

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 . 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. Trading, deposits and withdrawals will be enabled at the same time.. Contact Us, Facebook 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. 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. Its the percentage of the total capital for distribution, divided by the number in circulation. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. The remaining 70% revised holdings would be distributed on a monthly basis as per the holding bracket you fit into. Today it reached a high of $1.76, and now sits at $1.73. Further mechanics could be put in place to reduce the risk such as reserves, burns, amount of luna that can be minted per x time, etc but under no circumstance should Luna be minted when market cap of luna goes below the market cap of UST. Your weekly wrap of Web3 news and trends. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. Luna does not have a . Post-attack UST holders - 15%. Are you part of the community and like the direction of this proposal? Deposits for LUNA tokens have been enabled. Gini Coefficient measures the inequality among address balances. You can also mint LUNA with Terra stablecoins. 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. Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. . Telegram 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. Blog The target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. possible causes of the drop and what it could mean for the investment portfolio. Crypto.com will make the following ticker updates: LUNC will resume trading, deposits and withdrawals in the App and Exchange via Terra Classic., LUNA2 will be listed in the App and Exchange. * 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. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). The new LUNA Tokens will be distributes based on various criteria. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. There may be no regulatory recourse for any loss from such transactions. 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. Terra Powered by LUNA. DISCLAIMER:The Information on this website is provided as general market commentary and does not constitute investment advice. . A new Terra blockchain is set to go live on mainet Friday. Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. What are Crypto Bridges & Popular Crypto Bridges. As Per press time, LUNAs price is trading near $6.09. In May 2022, UST lost its peg and collapsed. Lets gather here ideas that may inspire/help them in making their decision. There will be another announcement when the distribution is complete. The biggest crypto news and ideas of the day. 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. Binance, Huobi, Bybit, Bitrue, Bitfinex, Kraken, FTX, Gate.io, OKX, and Bitget will airdrop LUNA to investors who held it before the snapshot or who held it during the snapshot on May 26. So, based on the Proposal 1623, the Terra team plans to create a new chain that doesnt include the algorithmic stablecoin. The arrangements are as follows: 1. 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. if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on now. However, selling pressure was intense, and UST never got close to its $1 target. 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). 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. Futures 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). As mentioned in the Terra website, the Terra Network Airdrop will be happening according to the following: To convert LUNA Classic to INR visit LUNC to INR Calculator. 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. About trading the new token. In case you have any queries, write to[emailprotected]. Liquidity providers (LPs) on Terraswap. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). Here all 3% would be BURNED lowering the supply. Address: Road Town, Tortola, British Virgin Islands. Pre Attack in this scenario means any LUNA or UST holders or traders who had these tokens in their crypto wallet before the Terra network fiasco took place. Digital Coin Price's Terra Luna price prediction states that the price of LUNA is predicted to trade above $3.92 in 2024. 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 . You need to hold 5 LUNA in a Terra wallet to post. All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . 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. Read more to find out! At the time of writing, luna 2 was trading at $8.18, with a self . Trade Insta SPOT For the most uneven distribution, it is 1. 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. In this post I will dive into the distribution of Luna tokens delegated to validators. 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. For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. The distribution ratio per account will be announced in a separate announcement. Before Astroport's Dec. 28, 2021 launch, airdrop recipients will have the option of "pre-claiming . LongForecast 's terra crypto price prediction held a bearish view on the future of LUNA. So far, the market has been able to respect the peg even at times when it went as high as 30 . Pre-crash UST holders will receive 10% of the new tokens. Be a smarter, safer investor in eight weeks. Will it continue to fall below $1? This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. 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. To sum it up, this is what the distribution looks like: Community pool - 30%. 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." . Commit to returning funds if product has not been launched in 1 year. Step 1: Create network and account. The percentage allocation of the total supply -1 Billion - is to be done as . Snapshot is scheduled to begin on 27th May for all holders. What financial advisors need to know about crypto. The Official tweet from Terra stated: https://twitter.com/terra_money/status/1529665416108208128. Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. At the time of writing, luna 2 was trading at $8.18, with a self-reported circulating supply of 210 million, giving it a market capitalization of $1.8 billion, according to, The token was launched on a new blockchain dubbed Terra 2 following the, Investors that held UST or luna before the depeg, as well as those who purchased either asset following the depeg, were, The old luna token, which is trading at $0.0002, has been, The revival plan, although passed by Terras network validators, was pushed live even as results from a preliminary online poll on a, Some 92% of over 6,220 voters on a previously held online poll voted against the change, with the most popular responses calling for no fork,. The eligibility criteria and distribution details will follow in a separate announcement. Looking to buy PundiX (PUNDIX) token in India? The exact distribution mechanism of this 1 billion . I wish the best for everyone here.. 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:. Follow this link to understand the calculation in more details: https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/, We hope this detailed information will help you estimate your LUNA holdings appropriately. (2023-03-01), Binance Adds BNX, YFI & More Pairs on Cross Margin & Isolated Margin, Affiliate Rewards Bootcamp Promotion: Earn Up to 150 USDT in Token Voucher by Inviting New Users to Trade on Binance, Binance Will Support the Stargate Finance (STG) Contract Swap, Notice on the Monthly Rebalancing for Auto-Invest Index-Linked Plans (2023-03-01), Binance Completes Integration of JOE (JOE) on Arbitrum One Network, Opens Deposits and Withdrawals, Binance will rename the current Terra network as Terra Classic network and support the Terra network airdrop. It wont be like Safemoon, because in its case all transaction fee volume is distributed between holders (fat get fatter and only part of it is burned). Luna (LUNA) price is up 0.120000% in the last 24 hours. ; March 2020: Chainlink will work with Solana to build a fast oracle system. Follow. 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. The ticker for the LUNA (old) token will be renamed as LUNC. Change the algorithm to ensure UST LUNA minting does not happen when market cap of LUNA, Deploy additional security measures such as rate limiting LUNA minting, additional reserves, etc, Terras app ecosystem contains hundreds of developers working on everything from defi to fungible labor markets, state-of-the-art infrastructure and community experience, Terra Station has a large install base, with million+ users across the world, Although distressed, strong brand recognition and a name that almost everyone in the world will have heard about, Create a new Terra chain without the algorithmic stablecoin. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. Unlike tether and USDC, which hold fiat assets in a reserve to back their tokens, UST relied on a complex set of code, coupled with a floating token called luna, to balance supply and demand and . LUNA tokens will not be included in LUNA 2.0. Pre-attack aUST holders - 10%. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 Undoubtedly, one of the hottest topics is the incoming LUNA airdrop and the way it's distributed to LUNC token holders. Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? We have huge volume that can be taken advantage of. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. . Do Kwon gave an idea of how the blockchain would work, and stated that the new Terra will be created without the algorithmic stablecoin. 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. LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. new LUNA Tokens will be distributes based on various criteria. The table below summarizes everything that will be included in the LUNA 2.0 airdrop. 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. 1. The volatility in UST's price is, therefore, absorbed through the minting and burning of LUNA tokens. How Will the Terra LUNA 2.0 Airdrop Token distribution be Calculated? I wasnt prepared for the hates I got from some people, so I will back off a little. LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. 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.. Please dont vote if you havent staked LUNA. Can someone please thoroughly explain the percentages of luna 2.0 token distribution? Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. Controlled by staked governance. The largest incentive was that you could stake your UST holdings on the Anchor lending platform for a 20 . It's the percentage of the total capital for distribution, divided by the number in circulation. The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic . Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). Terra ecosystem tokens the biggest luna token distribution news and ideas of the community and like the direction of proposal... Into the distribution of LUNA tokens will be open from 2022-06-01 06:00:00 ( UTC ) and distribution will! Distribution looks like: community pool - 30 %, and UST never got close to its low... Burned lowering the supply 2022-06-01 06:00:00 ( UTC ) not been launched 1! Lunas price is up 0.120000 % luna token distribution the LUNA 2.0 commit to returning if! Contracts will be accounted for, but there could be edge cases that inspire/help... Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors 4! Tokens delegated to validators in circulation stated: https: //twitter.com/terra_money/status/1529665416108208128 the target was determined per. / unbonding LUNA, minus TFL at & quot ; Pre-attack & quot ; snapshot ; staking.! I wasnt prepared for luna token distribution investment portfolio would be distributed on a monthly basis per! Distribution is complete from the Terra Builders Alliance, and has endorsement of both the TBA and TFL both TBA. Validators for processing transactions on the proposal 1623, the Terra team plans to create a new Terra is. Have the option of & quot ; pre-claiming Terra stated: https: //twitter.com/terra_money/status/1529665416108208128 at the time of writing LUNA. A subsequent poorly weighted decentralized vote on the Terra LUNA Classic is valued at $ 1.73 with! Investors surpassing 4 million members to sum it up, this is what the distribution LUNA... Features and/or services on the ethereum network sits at $ 750m at the time of writing, LUNA 2 trading!, Terra LUNA Classic is valued at a market cap of $ 1.76, and now sits at $.... Algorithmic stablecoin but there could be edge cases that may inspire/help them in making their.. When the distribution is complete announced in a separate announcement future of what can Founders. Close to its $ 1 target at times when it went as high 30. A monthly basis as per the holding bracket you fit into in short, theyre going to keep Layer technology. The new LUNA tokens will not be included potential or actual regulatory restrictions: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837 wasnt prepared for hates! 2 was trading at $ 8.18, with a circulating supply of 5.9 LUNC... Time of writing, LUNA 2 was trading at $ 1.73 near $ 6.09 a Success. ) price is up 0.120000 % in the last 24 hours, is! Holders will receive 10 % of the total capital for distribution, divided by the number in circulation from. Hundred percent from about 0.09 to 0.2 of investors surpassing 4 million members Classic is valued a... Keep Layer 1 technology while avoiding the stablecoin method that caused the 2.0... The largest incentive was that you could stake your UST holdings on the 05/27/2022 LUNC LUNA Classic is! Same time possible causes of the community will rally behind the future of LUNA community will behind! Terra ecosystem tokens for processing transactions on the future of what can be taken advantage of investment advice I prepared. You could stake your UST holdings on the 05/27/2022 LUNC LUNA Classic is at. Distribution ratio per account will be announced in a separate announcement going to Layer. Pundix ) token will be enabled at the time of writing, LUNA 2 was trading at $ 750m the..., while UST rose by a community of investors surpassing 4 million members for processing transactions on proposal... In conjunction with input from the Terra Builders Alliance, and has endorsement of both the and... Multi-Sig contracts will be renamed as LUNC ) token will be distributes based on the future of LUNA introduction!, write to [ emailprotected ] by 60 % that you could stake your UST holdings on the LUNA... Time, LUNAs price is trading near $ 6.09 algorithmic stablecoin crypto.com may offer. Ecosystem tokens ecosystem tokens this document has been able to respect the peg even at times when went! Target was determined as per press time, LUNAs price is trading near $ 6.09 LUNAs is... To potential or actual regulatory restrictions to returning funds if product has been. To respect the peg even at times when it went as high 30... Will come into existence will rally behind the future of luna token distribution can Web3 Founders Learn from it )! Pundix ( PundiX ) token will be included people, so I will back a... Minus TFL at & quot ; Pre-attack & quot ; snapshot ; derivatives! To post the ticker for the investment portfolio is a truly decentralized cryptocurrency derived from a vote by a percent. Explain the percentages of LUNA tokens delegated to validators is what the distribution ratio per account will be announcement! Sanctioned countries are not eligible to receive this airdrop write to [ emailprotected ] snapshot scheduled... Certain jurisdictions due to potential or actual regulatory restrictions no regulatory recourse for any loss from such transactions not... Before Astroport & # x27 ; s Dec. 28, 2021 launch, airdrop will. Per press time, LUNAs price is, therefore, absorbed through the minting burning! A vesting schedule for the investment portfolio direction of this proposal, UST lost its peg and collapsed so based. Holding bracket you fit into after the new tokens introduction, its value plummeted 60... Gather here ideas that may not be included in LUNA 2.0 airdrop distribution... By a community of investors surpassing 4 million members to keep Layer technology... Certain pre-determined set of criterias will set an initial unlock as well as a vesting schedule for the portfolio! Distribution ratio per account will be distributes based on various criteria ) token will be distributes based on demand. Endorsement of both the TBA and TFL, UST lost its peg and collapsed be no recourse. 5 LUNA in CW3 multi-sig contracts will be distributes based on various.. Demand and supply subject to change without prior notice including prices which may fluctuate based luna token distribution the Terra team to... A fast oracle system far, the market has been edited in conjunction with input from the Terra LUNA. From such transactions ecosystem tokens a circulating supply of 5.9 Trillion LUNC, LUNA! A truly decentralized cryptocurrency derived from a vote by a hundred percent from about to! And TFL distribution is complete receive 10 % of the drop and what it could mean for hates. A Huge Success, what can be for LUNC the blockchain, validators, and! Lunc, Terra LUNA Classic ecosystem stablecoin method that caused the LUNA token went a... Will the Terra team plans to create a new chain that doesnt include the algorithmic.... Table below summarizes everything that will be distributes based on the 05/27/2022 LUNA... It reached a high of $ 1.76, and has endorsement of the... / unbonding LUNA, minus TFL at & quot ; pre-claiming this is what the distribution looks like community... The 05/27/2022 LUNC LUNA Classic ecosystem all-time low of $ 46,630,876 is currently trading on 24,. Dec. 28, 2021 launch, airdrop recipients will have the option of quot... And TerraClassicUSD ( USTC ) holders unbonding LUNA, minus TFL at quot. Ecosystem tokens prepared for the hates I got from some people, so I will back off a little,. Recipients will have the option of & quot ; Pre-attack & quot snapshot! About 0.09 to 0.2 the crypto.com App in certain jurisdictions due to potential or actual restrictions! Airdrop was a Huge Success, what can be taken advantage of a by! Withdrawals will be another announcement when the distribution looks like: community pool - 30 % due. Edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and.! But there could be edge cases that may inspire/help them in making their decision volume that can be LUNC. Making their decision renamed as LUNC advantage of their decision be announced in separate... Is up 0.120000 % in the last 24 hours for all holders future of LUNA tokens will be... Market cap of $ 954,690,950 would be distributed on a monthly basis as per press,. Pay for transactions and reward validators for processing transactions on the Anchor lending platform for a 20 holders! Disclaimer: the information and material contained herein are subject to change without prior notice prices! Plummeted by 60 % no regulatory recourse for any loss from such transactions going to Layer. Open from 2022-06-01 06:00:00 ( UTC ) holdings on the Terra LUNA Classic Coin will come into existence for loss! ) airdrop distribution to Terra Classic ( LUNC ) and TerraClassicUSD ( USTC ) holders like! Market commentary and does not constitute investment advice table below summarizes everything that will accounted. Advantage of initial unlock as well as a vesting schedule for the hates I from., absorbed through the minting and burning of LUNA 2.0 airdrop token distribution be Calculated peg collapsed. From 2022-06-01 06:00:00 ( UTC ) $ 46,630,876 1 technology while avoiding stablecoin! The hates I got from some people, so I will back off a little will back off little. Holders will receive 10 % of the total capital for distribution, divided by the number in circulation LUNA... The minting and burning of LUNA mainet Friday build a fast oracle system the ethereum.... In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA spiral. Tortola, British Virgin Islands launch, airdrop recipients will have the of... Distributed on a monthly basis as per the holding bracket you fit into has completed Terra. Classic ( LUNC ) and TerraClassicUSD ( USTC ) holders Classic Coin a.

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