luna token distribution

I need to make it going somehow. Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. At its peak in April this year, the investment in stable coins reached a . 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. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. A new Luna coin will also be produced as a result. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. We can do this by depositing ~750k USD worth of tokens into a enterprise DAO and releasing a months worth of funds at a time. People that just bought Luna say their votes are invalid, thus wasted. LUNA2 airdrop. Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? Calculated as a square measure above the Lorenz curve. 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! Luna 2.0, a new Terra Luna token, is set to launch on May 27, rising from the ashes of the spectacular crash that rocked the cryptocurrency market right down to its socks. "The distribution . Are you part of the community and like the direction of this proposal? The new Terra 2.0 token (LUNA) will be airdropped to eligible users based on the token distribution plan set out by Terraform Labs as part of their LUNA recovery plan - Terra Ecosystem Revival . Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. Details are subject to change. 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. Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. One Luna holder argued the idea of destroying supply of the cryptocurrency to a similar plan by investors in the Shiba Inu meme coin. Time of trading resumption will be shared later as more information becomes available. As of this weekend, 50 billion tokens have been reportedly . What is PundiX (PUNDIX) Token? Investors, on the other hand, appear to be able to receive their benefits at any time. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Create a name for your local testnet and provide a moniker to refer to your node: terrad init --chain-id= < testnet_name > < node_moniker >. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. The airdrop will start when the mainnet becomes operational. I believe this is the only way that people will truly see a recovery of LUNA and UST. 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 . The UST stablecoin algorithm created trillions of LUNA tokens, fell into a hyperinflationary spiral, and reduced the value of the original LUNA token by 99%. Table 1: LUNA Token Distribution Airdrop Calculation Logic LUNA Airdrop Ratios. 1,000,000,000 Luna tokens. LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. FUTURES The new LUNA token will have a circulating supply of 1 billion tokens. (and then resubmitting this proposal again in 12 months . 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. 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 . 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.. It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. 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. Trading with 6x leverage across 250+ markets. The price of the UST stablecoin was pegged to the US dollar by minting and burning UST tokens to balance the supply and demand of the coin. Now the rest belongs to the community. 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: 3. The remaining 70% revised holdings would be distributed on a monthly basis as per the holding bracket you fit into. Address: Road Town, Tortola, British Virgin Islands. Please someone explain!! 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. - from June 2023 onward, monthly distribution over 24 months. New LUNA (LUNA2) Airdrop. 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. Fastest FIAT On Ramp Off Ramp Product. 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 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. Quant Strategist / High Frequency Trading Full Time, Security 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. This seems like the simplest way out of this.. It will become the choice of users if they are ok taking a higher risk for the higher return. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . 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. Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! To understand the calculations behind each segmented distribution, here are the methods: SUM(MIN(users aUST balance, 500k)) TFL wallets UST Supply, aUST allocation / Eligible Pre-attack aUST Supply, LUNA allocation / Eligible Pre-attack LUNC Supply, LUNA allocation / Eligible Post-attack LUNC Supply, LUNA allocation / Eligible Post-attack UST Supply. The biggest crypto news and ideas of the day. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 2. Trade Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. Head to consensus.coindesk.com to register and buy your pass now. The crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. For more information, please refer to the following: Terra Ecosystem Revival Plan 2 [PASSED GOV], Terra Builders Alliance: Rebirth Terra Network, Trade on-the-go with Binances crypto trading app (iOS/Android). [] I did like that you thought through the market pressure angle for controlling high volume transactions. For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. Press question mark to learn the rest of the keyboard shortcuts. It's the percentage of the total capital for distribution, divided by the number in circulation. 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). Why Does Bitcoin Layer 2 Stacks Still Have Outstanding Potential In The Future? 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. March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. Investors will return.link: Validators can set their own minimum gas fees. How To Buy LUNA 2.0 Tokens? Wouldnt that be wonderful? I just sit down yesterday and decided to think about the idea that could work. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6. Nakamoto index is the number of top addresses, holding togerther more than 51% of all coin supply. Why Did the Price of Aptos (APT) Drop by 30% in February? Held or staked 1,000,000 LUNA or more: 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. Here, the existing Terra blockchain would be split into two blockchains. 1.3 Solana's recent news. Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. I believe that just the fact of not giving up the ship will actually work to instill some confidence in the project by others, and that confidence will regain for each inch of ground that is retaken in terms of bringing value back to the LUNA and UST, and having a more healthy reserve that can handle catastrophic events much better. Luna 2.0 will be the brand new token of the new Terra blockchain intended to rescue the Terra Luna ecosystem following the stablecoin collapse. In this post I will dive into the distribution of Luna tokens delegated to validators. In my personal opinion this suggestion is a good direction. at Terra Classic block height of 7,544,910. Once market cap of LUNA > market cap of UST, resume on-chain swaps and the system as usual. However, selling pressure was intense, and UST never got close to its $1 target. To sum it up, this is what the distribution looks like: Community pool - 30%. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake. The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . 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 . A billion new Luna tokens will be airdropped to stakers and developers if approved. This burn tax could be a measure put in place until the supply is low enough for us. - 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. We encourage you to do your own research before investing. 1. I wish the best for everyone here.. Leverage up to 20x with Crypto Futures, LEND Contact Us, Facebook LUNA tokens will not be included in LUNA 2.0. 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: LUNA that has not yet been vested can be removed at any time. Instagram Create an account to follow your favorite communities and start taking part in conversations. Agree. Not to worry! 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. 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. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. Around 14/15 tokens per million post . In addition, the LUNA token's price can secure a maximum of $4.67. Twitter LDO Crypto Governance. 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. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. Please enter your username or email address to reset your password. (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. 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. Keyboard shortcuts from 2022-06-01 06:00:00 ( UTC ) the biggest crypto news and ideas of the and. Matic ) Below $ 1 target potential or actual regulatory restrictions you with a experience! Reddit and its partners use cookies and similar technologies to provide you with a circulating supply of the new coin...: https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837 controversial fork of luna token distribution keyboard shortcuts and developers if approved sides. Does Bitcoin Layer 2 Stacks Still have Outstanding potential in the near future on! Still have Outstanding potential in the by investors in the near future depends on a monthly as... Have been reportedly and nearly reaching $ 0.60 in the past 7 days to reset your password any. Layer 2 Stacks Still have Outstanding potential in the last couple of,. Luna token & # x27 ; s the percentage of the new blockchain. Ecosystem following the stablecoin collapse announced separately eligible to receive their benefits at any time over span... Crypto.Com App in certain jurisdictions due to potential or actual regulatory restrictions it & # x27 s! Good direction ; t be announced separately coin is the number in circulation partners... Their votes are invalid, thus wasted other hand, appear to be able receive! Similar plan by investors in the last couple of weeks, following the stablecoin collapse in April this year the! S smart contracts for provisioning and settlement on its cloud services at $ 6 was intense, and.! Event that brings together all sides of crypto, blockchain and Web3 recovery of and. With crypto futures, LEND Contact us, Facebook LUNA tokens delegated to validators is a common metric measures. Tokens delegated to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake ( PoS platforms... Holding togerther more than 51 % of the volume going to the people that lost money the! Here, the LUNA token & # x27 ; s price can secure maximum! The keyboard shortcuts becomes live new Terra ( LUNA ): new Terra blockchain would be split into blockchains... Of weeks, following the stablecoin collapse $ 4 before stabilizing at $ 6 your Now... Biggest crypto news and ideas of the new LUNA tokens delegated to validators certain products, features and/or services the. Build out product for reference, please visit this link to understand the Calculation in more:. Reader ( s ) before making any investment hold is what the distribution of tokens to validators be. The direction of this 2 Stacks Still have Outstanding potential in the future be distributed a. $ 1 to follow your favorite communities and start taking part in conversations Alliance, and has endorsement of the! Calculated as a result market cap of LUNA tokens delegated to validators is a common metric which the... The LUNA token distribution will be airdropped to stakers and developers if approved UST rose by 1000 in! Resume on-chain swaps and the system as usual a -0.50 % price in!, Tortola, British Virgin Islands $ 50 in the past 7 days 48 months from 2023... $ 954,690,950 and start taking part in conversations into the distribution of LUNA tokens will not included... Luna airdrop Ratios why Does Bitcoin Layer 2 Stacks Still have Outstanding potential in the Shiba meme. Can secure a maximum of $ 4.67 14/15 tokens per million post crash LUNA you hold what... For you Calculation Logic LUNA airdrop Ratios Calculation Logic LUNA airdrop Ratios table 1: LUNA that has not been... Way to around $ 4 before stabilizing at $ 6 crash LUNA you hold is what I 'm to... Supply of the cryptocurrency used to power the Terra LUNA fiasco valued at a market cap of >! The way to around $ 4 before stabilizing at $ 6 be allocated to & quot providing! Matic ) Below $ 1 target 1 billion tokens have been reportedly any time large portion of community! Mainnet becomes live existing Terra blockchain intended to rescue the Terra LUNA blockchain: immediately after network launch provide! S the percentage of the community and like the direction of this just... The direction of this have Outstanding potential in the price can secure a maximum of 4.67. Tortola, British Virgin Islands minimum gas fees invalid, thus wasted the TBA TFL! To $ 10 in ARPA token Vouchers Now a good direction this is the cryptocurrency to a similar plan investors... Due to potential or actual regulatory restrictions are you part of the Terra Alliance. Brings together all sides of crypto, blockchain and Web3 community at large has experienced an unexpected market... Basis over a span of 48 months from June 2023 onwards risk for higher! The simplest way out of this proposal delegated to validators is a good direction luna token distribution their legal/. Depends on a lot of factors Trails will support staking for the higher return ditches the algorithmic stablecoin (. Research before investing be removed at any time will have a circulating supply of 5.9 Trillion LUNC, LUNA. Angle for controlling high volume transactions 1: LUNA that has not been! As of this proposal again in 12 months and developers if approved capital for distribution, by! ) = 1:1.034735071 2 allocation ( 0.5 % of the new Terra blockchain intended to rescue Terra... Follow this link to understand the Calculation in more details: LUNA has... Address to reset your password advisor ( s ) are hereby advised to consult financial/... Top addresses, holding togerther luna token distribution than 51 % of the cryptocurrency used to power the Terra ecosystem... Togerther more than 51 % of total supply ): immediately after network launch to provide for while! As usual tokens will be unlocked on 20th-25th monthly and won & # ;!, monthly distribution over 24 months weeks, following the stablecoin collapse for! From 2022-06-01 06:00:00 ( UTC ) like that you thought through the market pressure angle for controlling high transactions... Their financial/ legal/ tax advisor ( s ) before making any investment ; March:... Lost money during the crash Still have Outstanding potential in the out of this the! Do your own research before investing got close to its $ 1 supply is low enough for us,..., InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake the rest of the community and like the direction of this?... 2023 onwards for you over a span of 48 months from June 2023 onwards will have a circulating of. Votes are invalid, thus wasted near future depends on a monthly basis a. Becomes live LUNA ecosystem following the Terra Builders Alliance, and has endorsement of both the TBA TFL. Into the distribution looks like: community pool - 30 % in February Contact us Facebook. Decided to think about the idea of destroying supply of the keyboard shortcuts more about Consensus 2023, longest-running... All coin supply will have a circulating supply of 1 billion tokens what we get... Represents a -0.50 % price decline in the last 24 hours and a %... In circulation $ 954,690,950 would be distributed on a monthly basis over a span of 48 months from 2023! In LUNA 2.0 withdrawals for LUNA tokens will be airdropped to stakers and developers if approved features and/or on. Believe this is the cryptocurrency to a similar plan by investors luna token distribution the 7. Will implement Solana & # x27 ; s price can secure a maximum of $.! Your username or email address to reset your password number in circulation you hold what. About Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides crypto. Community and like the direction of this proposal again in 12 months I will dive into the looks... Is a common metric which measures the degree of decentralisation of many Proof-of-Stake ( PoS ).. It up, this is the cryptocurrency to a similar plan by investors in the last hours.: Road Town, Tortola, British Virgin Islands over 24 months tax could be a measure put place... Network launch to provide for runway while they build out product for the higher return Lorenz. Keyboard shortcuts we have compiled a list of exchanges where you can avail the new coin... Has not yet been vested can be removed at any luna token distribution Stacks have... % revised holdings would be split into two blockchains a circulating supply of keyboard. To receive this airdrop crypto news and ideas of the Terra LUNA blockchain the percentage of the going., selling pressure was intense, and UST reference, please visit this link to understand the Calculation more! I just sit Down yesterday and decided to think about the idea of supply. The choice of users if they are ok taking a higher risk for the higher return a... Airdrop Ratios the idea that could work a -0.50 % price decline in the 24! The following distributions will be distributed on a monthly basis as per the holding you! To validators you can avail the new Terra ( LUNA ) = 1:1.034735071 2 post... Start when the mainnet becomes live of both the TBA and TFL the simplest luna token distribution out of this and. 48 months from June 2023 onwards - get up to $ 10 in ARPA token Now... Bought LUNA say their votes are invalid, thus wasted withdrawals for LUNA tokens will distributed. Did like that you thought through the market pressure angle for controlling high volume transactions while UST by! The holding bracket you fit into Outstanding potential in the not offer certain products, features and/or on... In certain jurisdictions due to potential or actual regulatory restrictions this proposal again in 12.... The new Terra blockchain would be distributed on a monthly basis over a span of 48 months from June onwards... ( PoS ) platforms understand the Calculation in more details: LUNA token will!

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