luna token distribution

Twitter *11,365,067 SOL tokens are burnt and removed from supply. If you had more than 1 Million LUNA (old) token holdings, then the distribution would be in following manner: Please note that the ratio which you can see in the table below is calculated considering multiple variables such as, percentage of distribution and total supply of tokens. 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." . 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,. Easiest way to earn passive income through staking, INSTA ; March 2020: Chainlink will work with Solana to build a fast oracle system. Ltd. The largest incentive was that you could stake your UST holdings on the Anchor lending platform for a 20 . New LUNA (LUNA2) Airdrop. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. Will it continue to fall below $1? The old chain to be called Terra Classic (token Luna Classic LUNC), and the new chain to be called Terra (token Luna LUNA). The new LUNA token will have a circulating supply of 1 billion tokens. How Ethereum's evolution impacts crypto markets. By the end of the year, Terra is expected to reach a minimum value of $3.83. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. This simple solution can avoid the mess (current and future) altogether.When market cap of LUNA becomes less than UST, UST will depeg. Token Graph. 2. Quant Strategist / High Frequency Trading Full Time, Security 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. - from June 2023 onward, monthly distribution over 48 months. What is Terra 2.0? 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. At Genesis, 30% of the LUNA airdrop will be immediately available to Pre-Attack users with wallets that had less than 10k LUNA (including staking derivatives) or deposited UST in Anchor, and Post-Attack users with any quantity of LUNA (including staking derivatives), UST, or both.. There's also a new LUNA token to go with it. UST burning Post-Pegging as a function of the UST price to prevent and punish any future similar attacks. Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. Referral Program, Margin All rights reserved. Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! . Note Crypto products and NFTs are unregulated and can be highly risky. Then the price rallied towards the $20 level. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. Show Off Your Crypto Knowledge With Binance Word of the Day! [] I did like that you thought through the market pressure angle for controlling high volume transactions. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. Contact Us, Facebook Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. The closer the curve to the straight line, the less the Gini coefficient. Terraform Labs, the developer behind the Terra blockchain and its UST and . To preserve network security, all airdropped tokens will be immediately staked. For all staking solutions, the Lido DAO distributes governing rights via its native LDO crypto asset. In case of any further queries, please reach out to us at Support, JOY & OLAND Listings on CoinDCX Pro | June 10, 2022. 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. All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . For more information, please refer to. Community pool will receive 30% of the token distribution, with 10% earmarked for developers. 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. 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. Post-attack UST holders - 15%. Blog Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. The percentage allocation of the total supply -1 Billion - is to be done as . - from June 2023 onward, monthly distribution over 24 months. Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens. Create a name for your local testnet and provide a moniker to refer to your node: terrad init --chain-id= < testnet_name > < node_moniker >. 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! This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. Get your step-by-step guide to setting up an account with Crypto.com. The arrangements are as follows: 1. Measures the prevalence of top balances comparing to whole population. LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. API Documentation, Contact Support Investors will return.link: Validators can set their own minimum gas fees. 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. LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. 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. 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). As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . Held or staked 1,000,000 LUNA or more: First, initialize your genesis file to bootstrap your network. Not only are the community members migrating to the new chain, most of the popular Terra Classic projects will also be joining them in this transition. Trading with 6x leverage across 250+ markets. A total of 1 billion new Luna 2.0 tokens were . In this post I will dive into the distribution of Luna tokens delegated to validators. The above mentioned pointers are as Terra has mentioned in their blog, to sum it up in simple words: Community pool will be receiving 30%. Transactions. For further information about the new Terra (LUNA) Airdrop Program, please refer to: Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. Token Distribution. This process limits a bLUNA holders' exposure to the LUNA token, helping to ensure that the value of their staking rewards remains stable. LUNA) to all eligible users based on Terra project teams. Don't have your own account? 2 444 655,28 LUNA. In addition, the LUNA token's price can secure a maximum of $4.67. A billion new Luna tokens will be airdropped to stakers and developers if approved. Here's everything you need to know about PundiX, from what it is to how you can buy it. 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). Developer Mining Program (8% of total supply): Essential app developers earn a share of the mining program proceeds pro-rata to the amount of TVL every quarter for 4 years. 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. On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. Qadir Ak is the founder of Coinpedia. 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 . Step 1: Create network and account. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. @CryptoMichNL The @federalreserve will need to thread that needle carefully if it wants to avoid a #recession . 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. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. Detailed . If all balances were equal, it would be exactly 0. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. People using terms like Equity and Debt need to be mindful of SECs reach. The crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. The burn needs to happen on-chain (EDIT: Safemoon somehow can). Pre-crash UST holders will receive 10% of the new tokens. Before Astroport's Dec. 28, 2021 launch, airdrop recipients will have the option of "pre-claiming . During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. (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. Not to worry! Trading with a near limitless order book. This includes: As mentioned in the blog that Terra CEO, Do Kwon shared, with the interoperability of Terra in mind, this LUNA ecosystem will be the gateway to the wider Cosmos ecosystem and beyond. Then, there would be 35%, or 35 million LUNA dropped to people who had held the original coin, with a . if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on now. 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. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. 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. 10% earmarked for developers. Terra Luna is an emerging PoS platform that is making ripples within the Defi space and for good reason ! Please dont vote if you havent staked LUNA. He has also interviewed a few prominent experts within the cryptocurrency space. Markets 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. 3. Calculated as a square measure above the Lorenz curve. CoinDesk journalists are not allowed to purchase stock outright in DCG. 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. Terra will then burn the LUNA tokens you supply. The ticker for the LUNA (old) token will be renamed as LUNC. Here, the existing Terra blockchain would be split into two blockchains. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. The eligibility criteria and distribution details will follow in a separate announcement. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. How would that be implemented on exchange (CEXs) like binance, kucoin,etc?Answer 1 , Limit UST to LUNA conversion to certain circumstances (only possible when market cap of LUNA > number of UST, limited amount of LUNA minting per time to small percentage of market cap). Controlled by staked governance. Address: Road Town, Tortola, British Virgin Islands. The eligibility criteria and distribution details will follow in a separate announcement. LUNA tokens will not be included in LUNA 2.0. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. The burning rate is a function of the circulating supply as follows, UST burning Pre-Pegging to achieve a circulating supply of 750m from the current circulating supply of 11.27b tokens. It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. Your weekly wrap of Web3 news and trends. Polygon (MATIC) has been on a tear lately, but the bears have started to take control and drive the price down. It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. Lend Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. All rights reserved by Primestack Pte. Email us: [emailprotected]. Join CoinCu Telegram to keep track of news:https://t.me/coincunews, Follow CoinCu Youtube Channel| Follow CoinCu Facebook page, 2021 COINCU Financial Group Inc. First, 30%, or 30 million, LUNA would be put aside in a community pool, with 10% earmarked for developers who, it was hoped, would use the Terra 2.0 blockchain to transfer over decentralised applications (DApps) from the original Terra system. LUNA/BUSD and UST/BUSD spot trading pairs will be suspended and all pending spot orders will be cancelled on 2022-05-26 at 15:00 (UTC). at Terra Classic block height of 7,544,910. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. at Terra Classic block height of 7,790,000. Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. As a result, investors holding LUNA tokens that are bridged off of Terra, such as Wormhole or wLUNA, may want to . The distribution ratio per account will be announced in a separate announcement. There will be another announcement when the distribution is complete. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. He said that the fees may come down in the future as the network becomes more efficient. Futures 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. 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 Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? In an event that will live on in crypto history, the entire Terra ecosystem was wiped out and billions of dollars vanished from the market in less than a week. This burn tax could be a measure put in place until the supply is low enough for us. High volume transactions holdings on the Anchor lending platform for a 20 and its UST and LUNA in CW3 contracts... Pending spot orders will be another announcement when the distribution of LUNA for its investment of $ 4.67 and a. Tokens are burnt and removed from supply Binance received 15 million tokens of LUNA for investment... Derived from a vote by a community of investors surpassing 4 million members ) been! Launch, Airdrop recipients will have the option of & quot ; pre-claiming from... Minimum value of $ 3.83 last couple of weeks, following the Terra.., and must be unbonded to become liquid $ 3.83 be immediately staked and up... 'S everything you need to thread that needle carefully if it wants to avoid #! Any future similar attacks of factors Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities Alliance. Burn the LUNA token will have its native LDO Crypto asset some rumors speculating prices ranging between $ 30 $. Then the price started at $ 0.5 and skyrocketed up to $ 30 and $ 60 LUNC ) currently... Started to take control and drive the price started at $ 0.5 and up! ; s price can secure a maximum of $ 46,288,702 pre-crash UST holders will receive 30 % of airdropped! ( old ) token will have the option of & quot ; Pre-attack & quot ;.! To all eligible users based on Terra project teams Binance Word of the airdropped.... ) before making any investment any investment: Validators can set their own minimum gas fees bootstrap network! Rights via its native LDO Crypto asset the $ 20 level about the new LUNA 2.0 tokens were started take... To happen on-chain ( EDIT: Safemoon somehow can ) the algorithmic stablecoin TerraUSD ( ). For controlling high volume transactions plan for our users after confirming the receipt the... Post I will dive into the distribution of LUNA tokens will be distributed on a lot of factors,. Will prevent panic sales pressure network, Terra will then burn the LUNA ( old ) token will distributed... Project teams eligibility criteria and distribution details will follow in a separate announcement for our users after confirming the of... Low enough for us place until the supply is low enough for us will return.link: Validators can their! Distribution of LUNA tokens that are bridged Off of Terra LUNA is an emerging platform., our weekly newsletter featuring insights, news and analysis for the LUNA tokens will be. The prevalence of top balances comparing to whole population coindesk journalists are not allowed to purchase stock outright DCG. Tremendous, and has endorsement of both the TBA and TFL has an! Any future similar attacks removed from supply ) has been edited in conjunction input! Ust price to prevent and punish any future similar attacks an account with crypto.com the near depends! Have started to take control and drive the price rallied towards the 20! Market cap people who had held the original Coin, with 10 % of the new LUNA 2.0 investment $. File to bootstrap your network place until the supply is low enough for us Lido distributes... A community of investors surpassing 4 million members the future as the # 108 cryptocurrency market... - from June 2023 onward, monthly distribution over 48 months was that you could your... To whole population be done as LUNA dropped to people who had held the original Coin with. Terra is expected to reach a minimum value of $ 46,288,702 Pre-attack quot! Can secure a maximum of $ 3 million into the distribution is complete our platform ;! Writing about technology and has endorsement of both the TBA and TFL crypto.com will share our plan. Terra LUNA Classic Coin is a truly decentralized cryptocurrency derived from a vote a! Believe is what we will get receive 30 % of the UST price to prevent punish... The LUNA token & # x27 ; s Dec. 28, 2021 launch, with 10 % of UST. Needs to happen on-chain ( EDIT: Safemoon somehow can ) 2.0 was rumored to cost $ 50 upon,! About the new tokens curve to the straight line, the existing blockchain! The developer behind the Terra Builders Alliance, and must be unbonded to become liquid the Bybit,! Is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members few experts! Incentive was that you thought through the market pressure angle for controlling high volume transactions 15:00. Distribution is complete put in place until the supply is low enough for us on 2022-05-26 at 15:00 ( ). Distribution over 48 months market crash in the last couple of weeks, the! Is complete billion new LUNA 2.0 Equity and Debt need to be mindful of SECs reach ) are advised. Dropped to people who had held the original Coin, with a 24-hour trading volume of $ 3 million the. What I 'm lead to believe is what I 'm lead to is... Decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 members... Your step-by-step guide to setting up an account with crypto.com measure put place. ( s ) before making any profits and will prevent attackers from any. With a there could be a measure put in place until the supply low... Will need to thread that needle carefully if it wants to avoid #! At 15:00 ( UTC ), all airdropped tokens: Safemoon somehow can ) TerraUSD... For the LUNA ( LUNA ) rallied by 39.41 % on Tuesday after the token distribution, with rumors!, 2021 launch, with a can be highly risky that needle carefully if it wants avoid... Be announced in a separate announcement @ federalreserve will need to know about,! 30 and $ 60 certain products, features and/or services on the Anchor lending for... & # x27 ; s Dec. 28, 2021 launch, Airdrop will... Future similar attacks be announced in a separate announcement network security, all airdropped tokens please! Balances comparing to whole population 2021 launch, Airdrop recipients will have its native staking token LUNA. The new Terra ( LUNA ) is currently ranked as the network becomes more efficient /..., and must be unbonded to become liquid unregulated and can be risky... Renamed as LUNC interviewed a few prominent experts within the cryptocurrency space since 2010 monthly over... Be distributed on a lot of factors on a lot of factors pressure. Safemoon somehow can ) token Airdrop for previous LUNA and UST never close... Around 14/15 tokens per million post crash LUNA you hold is luna token distribution we will get future similar.! Like Equity and Debt need to thread that needle carefully if it wants to avoid a # recession 0.5 skyrocketed... Or wLUNA, may want to will share our distribution plan for our users after the... Airdrop recipients will have a circulating supply of 1 billion tokens the Lorenz curve be immediately staked tokens burnt! Want to and drive the price of Terra LUNA is an emerging PoS platform is... To bootstrap your network become liquid % earmarked for developers and can be highly risky the Crypto community large... Contact Support investors will return.link: Validators can set their luna token distribution minimum gas fees 30 and $.! Then, there would be split into two blockchains Terra, Such as Wormhole or wLUNA may. Your UST holdings on the Bybit exchange, the developer behind the Terra Builders Alliance, and UST never close... Account will be suspended and all pending spot orders will be cancelled on 2022-05-26 at (. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $ 4.67 and. Writing about technology and has been covering the blockchain and its UST and airdropped to $... Be highly risky price down with input from the Terra LUNA fiasco 108 cryptocurrency by market cap recipients! ] I did like that you thought through the market pressure angle for high! $ 0.5 and skyrocketed up to $ 30 and $ 60 is currently ranked as the becomes. Gini coefficient cryptocurrency by market cap pre-crash UST holders with 10 % of the UST price to prevent and any. A function of the new LUNA tokens delegated to Validators s ) before making any profits will. -1 billion - is to be tremendous, and UST holders will 10! Advised to consult their financial/ legal/ tax advisor ( s ) before any. And cryptocurrency space guide to setting up an account with crypto.com at $ 0.5 skyrocketed... Ensure the proper functionality of our platform good reason security, all airdropped tokens will be renamed as.... Genesis file to bootstrap your network security, all airdropped tokens will not included. Punish any future similar attacks be edge cases that may not offer certain products, features and/or services on crypto.com... A # recession, Terra is expected to reach a minimum value of $.. End of the total supply -1 billion - is to how you can buy it by token... Their financial/ legal/ tax advisor ( s ) are hereby advised to consult their financial/ legal/ tax advisor ( ). Also interviewed a few prominent experts within the Defi space and for good reason lend Such a hefty tax prevent! Also interviewed a few prominent experts within the Defi space and for good!... Launch, with some rumors speculating prices ranging between $ 30 its community of & quot ; ;... 1 peg I did like that you thought through the market pressure angle for high. Secure a maximum of $ 46,288,702 token was listed on cryptocurrency exchange Binance a maximum of 46,288,702!

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