Looking to buy PundiX (PUNDIX) token in India? LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 4% Essential developers (1 year cliff, 4 year vesting thereafter, granted after launch traction) 35% All bonded / unbonded Luna, minus TFL at "Pre-attack" snapshot Pre-depeg LUNA holders airdrop: 35%. 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. 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. 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. The transformation of value in the digital age. In May 2022, UST lost its peg and collapsed. All rights reserved by Primestack Pte. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. Trading with a near limitless order book. A total of 1 billion new Luna 2.0 tokens were . By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, Binance's Custody Arm Ceffu Will Apply For Singapore License: Report, BridgeTower Capital to Onramp Lido, Offers Security Token For Avalanches Staking Rewards, First Mover Asia: ConsenSys Chief Cryptoeconomist Sees Little Drama Ahead for Bitcoin, Hosts of Bankless Podcast Raising $35M Crypto Venture Fund: Sources. The biggest crypto news and ideas of the day. Oliver Knight is a CoinDesk reporter based between London and Lisbon. The Luna token skyrocketed about 135% in less than two months until its peak in April 2022. Binance Will List Liquity (LQTY) in the Innovation Zone, Binance Options System Upgrade Notice (2023-03-01), Notice of Removal of Trading Pairs - 2023-03-02, Binance Futures Will Launch USD-M CKB Perpetual Contracts with Up to 20X Leverage. Post-attack LUNA holders - 10%. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. Token Distribution. Now the rest belongs to the community. Ltd/ Neblio Technologies Pvt. LUNA2 airdrop. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. Fueled by a passionate community and deep developer talent pool, the Terra blockchain is built to enable the next generation of Web3 products and services. Token Graph. By the end of the year, Terra is expected to reach a minimum value of $3.83. 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. People that just bought Luna say their votes are invalid, thus wasted. UST or LUNA on Terra protocols that cannot be easily identified. Ltd, Neblio Technologies Pvt. Referral Program, Margin All bonded / unbonding Luna, minus TFL at Pre-attack snapshot; staking derivatives included, For wallets with < 1M Luna: 1 year cliff, 2 year vesting thereafter, For wallets with > 1M Luna: 1 year cliff, 4 year vesting thereafter, 500K whale cap covers up to 99.7% of all holders but only 26.72% of aUST, 15% unlocked at genesis; 85% vested over 2 years thereafter with 6 month cliff, Pre-attack snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 23:00:04+08:00), Post-attack snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00), Chain upgrade to commence in a few hours after the Launch snapshot, Snapshots can change depending on development readiness, Luna eligibility includes Luna, bonded Luna, unbonding Luna, and staking derivatives, TFL (previously maintained mantle, station, finder, Terra Core) to prepare core public infrastructure, wallets, genfile, release binary for the launch, Validators (to volunteer) to declare gentx and coordinate launch shortly after the launch snapshot, Community leaders looking to provide oversight over the essential dev program should form a multisig to oversee the essential dev allocation & act as a steering committee for the new chain, 05/21 Terra Core release is cut, network launch instructions made available for validators, 05/25 Essential app developer registration completed, 05/27 Genesis file created from final launch snapshot. It is not intended to offer access to any of such products and services. Deposits for LUNA tokens have been enabled. 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. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations. Instagram new LUNA Tokens will be distributes based on various criteria. 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. The remaining 70% revised holdings would be distributed on a monthly basis as per the holding bracket you fit into. Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. Instead of fighting with each other we should implement some measures that could help 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. 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. LongForecast 's terra crypto price prediction held a bearish view on the future of LUNA. 3. 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. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. Earn attractive annual interest through lending, STAKE The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . 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. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . The Official tweet from Terra stated: https://twitter.com/terra_money/status/1529665416108208128. Ltd and/or their affiliate companies and/or any third party. Fastest FIAT On Ramp Off Ramp Product. Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. Trading with a near limitless order book. Lend The Terra ecosystem and its community are worth preserving. You may obtain access to such products and services on the Crypto.com App. The existing LUNA token will be called LUNC, while the new LUNA 2.0 token will be known as LUNA. Are you part of the community and like the direction of this proposal? 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. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> A large portion of the token distribution will be allocated to "providing an emergency runway for existing . at Terra Classic block height of 7,544,910. 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. Don't have your own account? Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders. 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. In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. 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. Under the new proposal, Terra plans to distribute tokens to holders of the old luna soon to be renamed "luna classic" and UST tokens. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. Follow this link to understand the calculation in more details: 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. In case you have any queries, write to[emailprotected]. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. (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. "The distribution . Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6. A new Terra blockchain is set to go live on mainet Friday. 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. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. The new LUNA Tokens will be distributes based on various criteria. Anything else smells like financial fraud. 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. Please enter your username or email address to reset your password. Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. 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. 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. According to the distribution plan, 70% of the new token allocation will be airdropped to previous LUNA, UST, and aUST holders (aUST represented UST tokens staked in Anchor Protocol, Terra's flagship DeFi protocol that offered investors 20% yields on . People using terms like Equity and Debt need to be mindful of SECs reach. The new LUNA token will have a circulating supply of 1 billion tokens. 1.3 Solana's recent news. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. The burn needs to happen on-chain (EDIT: Safemoon somehow can). 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