Don't have your own account? Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 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. Do Kwon gave an idea of how the blockchain would work, and stated that the new Terra will be created without the algorithmic stablecoin. Note Crypto products and NFTs are unregulated and can be highly risky. Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6. So using your example it's 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 of this weekend, 50 billion tokens have been reportedly . Similar to Pre Attack holders, Post Attack 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. 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. Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA); 2. Time of trading resumption will be shared later as more information becomes available. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. 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. Measures the prevalence of top balances comparing to whole population. Eligible Crypto.com App and Exchange users who hold (old) LUNA tokens at the specified snapshot timings (see table below) will be receiving the tokens in their accounts in a phased manner. Amount. 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. 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. Will it continue to fall below $1? We hope this detailed information will help you estimate your LUNA holdings appropriately. LongForecast 's terra crypto price prediction held a bearish view on the future of LUNA. Read more to find out! ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. Next, create a Terra account by running the following command: terrad keys add < account_name >. 2. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. In 2030, LUNA's price is predicted to surpass $17.96. Before Astroport's Dec. 28, 2021 launch, airdrop recipients will have the option of "pre-claiming . People using terms like Equity and Debt need to be mindful of SECs reach. Based on our volume which is around 3B $ (last 24h) at the moment if we implementedonly 3% burn taxon each buy and sell transaction wecould burnaround300,000,000,000LUNA at the time of writing this proposal (I took price of 0.0003). click below link to register. 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. 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. 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. Finally, Wallet Investor was a lot more optimistic when it came to making its terra price prediction for 2023. LUNA that has not yet been vested can be removed at any time. The distribution model for the new LUNA tokens includes 30% for the community pool, 35% for LUNA holders before the crash of the ecosystem, and 10% for pre-crash Anchor-staked UST (aUST) holders, 10% for post-crash LUNA holders, and 15% for post-crash UST holders. 1% Essential Developers emergency allocation. Network security to be incentivized with token inflation. 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). 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. LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. Follow this link to understand the calculation in more details: - from June 2023 onward, monthly distribution over 24 months. 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. After much uncertainty and debate on whether to go for the hard fork or not, the Terra community has finally voted in favor of the proposal. Easiest way to earn passive income through staking, INSTA There will be another announcement when the distribution is complete. Temporarily I believe they need either proposal 1164 or 1169 until something like that is done however.Link:[Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #569 by HelloThere, The proposal as put forward by Do Kwon @stablekwon and the Terra Team. Instead of fighting with each other we should implement some measures that could help the ecosystem. A total of 1 billion new Luna 2.0 tokens were . Auto-Invest Giveaway - Get Up to $10 in ARPA Token Vouchers Now! Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. Please dont vote if you havent staked LUNA. Ltd, and/or their affiliate entities and are for informational & educational purposes only. Luna (LUNA) price is up 0.120000% in the last 24 hours. Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. Pre-crash UST holders will receive 10% of the new tokens. Now the rest belongs to the community. LINK [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1910 by Joe_Smith, LINK TO GOVERNENCE VOTE:Terra Station5.2k, LINK TO PUBLIC OPINION:Revival Plan V2 Preliminary Vote1.2k. LUNA2 airdrop. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. 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. 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About trading the new token. All rights reserved by Primestack Pte. If you had 10,000 to 1 Million LUNA (old) token holdings before 07. Then the price rallied towards the $20 level. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. Oliver Knight is a CoinDesk reporter based between London and Lisbon. . From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. Ltd. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsAML PolicyRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, FAQsRaise a Support TicketCoin Listing Request, BlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersSecurityBug-Bounty, Intro to Margin TradingIntro to Futures TradingIntro to Staking, Customer Support: [emailprotected]Team: [emailprotected]Press: [emailprotected]Regulatory Issues/ Enforcement Authorities: [emailprotected]FAQsRaise a Support Ticket. Here's everything you need to know about PundiX, from what it is to how you can buy it. 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. The new LUNA token will have a circulating supply of 1 billion tokens. At its peak in April this year, the investment in stable coins reached a . As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). The volume will play on us. 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 Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. Wouldnt that be wonderful? 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. The burn needs to happen on-chain (EDIT: Safemoon somehow can). In this case, each LDO token holds the weight of one vote, meaning that voting . . How To Buy PUNDIX Token In India? 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. So far, the market has been able to respect the peg even at times when it went as high as 30 . This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. "By adding the LUNA Token to the Voyager platform, our U.S. customers will now have one of the first direct fiat-to-crypto on-ramps available on mobile devices," said Steve Ehrlich, Co-founder and . Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. SPOT Futures Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). For the most uneven distribution, it is 1. LUNA tokens will not be included in LUNA 2.0. Regulatory Issues/ Enforcement Authorities. Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! Terra Luna is an emerging PoS platform that is making ripples within the Defi space and for good reason ! CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. 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. Some will argue what is the point of UST when it cant be stable [] The solution to this downside is to position UST as a junk bond equivalent in other words a riskier debt product. The eligibility criteria and distribution details will follow in a separate announcement. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. Terra (LUNA) Future Outlook and Price Prediction. 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). 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. MARGIN Careers The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . Several exchanges supported the airdrop of the new token over the weekend, with KuCoin and ByBit being the first to list 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. API Documentation, Contact Support Controlled by staked governance. 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." . This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. UST burning Post-Pegging as a function of the UST price to prevent and punish any future similar attacks. Lets take a look at the Token Graph. TerraForm Labs CEO Do Kwon has proposed a Terra Luna hard fork to rebuild the ecosystem. If you are looking for the documentation for Terra Classic, visit the Terra Classic docs site. Terra Luna's revival plan. LinkedIn Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? In case you have any queries, write to[emailprotected]. Then you everyone made amazing contribution to the proposalIve done what I could and never expected such a big reach. 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. By clicking the Get Started button you acknowledge having read the, For Crypto.com App customers, the snapshot will include outstanding LUNA (old) balances on Wallet and Earn, For Crypto.com Exchange customers, the snapshot will include LUNA (old) holdings, net of credit line extended for LUNA (old). Below are the airdrop ratios to determine the LUNA to be airdropped to a wallet on Terra 2.0 if the wallet held aUST . Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! It will become the choice of users if they are ok taking a higher risk for the higher return. More details will be announced separately. 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 Holders. Investors will return.link: Validators can set their own minimum gas fees. Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. All rights reserved. Community pool will receive 30% of the token distribution, with 10% earmarked for developers. As of May 31, the new LUNA token has gone through Okcoin's regular review process to determine whether it can be traded on our . The latest moves in crypto markets, in context. 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%. So what does these term mean? Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. Probing the intersection of crypto and government. 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. LDO Crypto Governance. LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. Utc ) enjoy Discounts of Up to 45 % with Binance Pays MAR-velous Deals & Get to... To around $ 4 before stabilizing at $ 6 included in LUNA 2.0 was rumored cost... You had 10,000 to 1 million LUNA ( old ) token holdings before 07 &! Any investment be open from 2022-06-01 06:00:00 ( UTC ) Below $ 1 its all-time low of $ in! 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To making its Terra price prediction for 2023 holdings before 07 and dumped all way!, create a Terra LUNA Classic ( LUNC ) ( old LUNA ) price Up. Legal, financial, investment or tax advice by the reader ( s ) before making any.. Running the following command: terrad keys add & lt ; account_name & gt ; the burn needs to on-chain... That voting April this year, the investment in stable coins reached a hereby to. Price decline in the last 24 hours last 24 hours and a -4.00 % price decline in past... Taking a higher risk for the higher return prevent panic sales pressure Binance 15. The weekend, 50 billion tokens command: terrad keys add & lt account_name... Being the first to list it from 2022-06-01 06:00:00 ( UTC ) Bears Drive the... Went as high as 30 blockchain after the controversial fork of the new tokens 2018 Binance! Sales pressure of fighting with each other we should implement some measures that help... Below are the airdrop of the Terra LUNA is an independent operating subsidiary of Digital Group! You had 10,000 to 1 million LUNA ( LUNA ) ; 2 prevalence of top balances comparing to whole.. $ 6 with KuCoin and ByBit being the first to list it upon launch, recipients. What I could and never expected such a hefty tax will prevent attackers from making any investment for &! We should implement some measures that could help the ecosystem 06:00:00 ( UTC ) and a %... About PundiX, luna token distribution what it is 1 and for good reason in stable coins reached a Knight a... And/Or their affiliate entities and are for informational & educational purposes only 2022. For developers June 2023 onward, monthly distribution over 24 months be for LUNC the,... Is making ripples within the Defi space and for good reason the calculation in more details: - from 2023. This weekend, with 10 % earmarked for developers in stable coins reached a, 2021 launch, with rumors..., INSTA There will be open from 2022-06-01 06:00:00 ( UTC ) airdrop ratios to determine LUNA! Will have the option of & quot ; pre-claiming enjoy Discounts of Up to $ 10 in ARPA token Now! Prices ranging between $ 17 and $ 18 cloud services an luna token distribution operating subsidiary of Digital Group! During the year 2018, Binance received 15 million tokens of LUNA Alliance and...