Nakamoto index is the number of top addresses, holding togerther more than 51% of all coin supply. 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. Detailed . Here, the existing Terra blockchain would be split into two blockchains. 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. Terra (LUNA) Future Outlook and Price Prediction. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. Held or staked 10,000-999,999 LUNA: Distribution monthly, vesting over 24 months from June 2023 onward. . This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). The new LUNA token will have a circulating supply of 1 billion tokens. He does not own any crypto. The new Terra 2.0 will be listed on CoinSwitch (CoinSwitch symbol LUNA2) The LUNA2 token will be airdropped to eligible users by 5 PM on 6th June 2022, based on the distribution plan proposed by the Terra Foundation. LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. Pre-crash LUNA holders will receive 35% of the new tokens. Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. The distribution ratio per account will be announced in a separate announcement. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. By the end of the year, Terra is expected to reach a minimum value of $3.83. For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. Commit to returning funds if product has not been launched in 1 year. 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 . 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. !The final decision will belong of course to the team. How will the LUNA 2.0 Airdrop be distributed? It saw the token closing 2022 at $1.04. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. 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. 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. Luna (LUNA) price is up 0.120000% in the last 24 hours. API Documentation, Contact Support The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. Previously, the Terra Luna community approved a revival plan that involves a Terra Luna hard fork from the failed token, the creation of a new blockchain Terra 2.0 and a new token.. LUNA's crash made headlines back in May, sending shockwaves through the wider cryptocurrency space, with bitcoin and ether crumbling and cryptocurrency trading platform Binance forced . UST or LUNA on Terra protocols that cannot be easily identified. How To Buy PUNDIX Token In India? The volume will play on us. LUNA2 airdrop. The distribution will be announced separately. 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. 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. Will the Bears Drive Down the Price of Polygon (MATIC) Below $1? Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of Luna. 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). The latest moves in crypto markets, in context. possible causes of the drop and what it could mean for the investment portfolio. Ltd. It's the percentage of the total capital for distribution, divided by the number in circulation. Token Reset: The revival plan included a clause which said that the total new LUNA tokens in active circulation would be reset to 1 billion. It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. LUNA2 will be listed for Limit Order trading on CoinSwitch. Next, create a Terra account by running the following command: terrad keys add < account_name >. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. In addition, the LUNA token's price can secure a maximum of $4.67. I wasnt prepared for the hates I got from some people, so I will back off a little. The eligibility criteria and distribution details will follow in a separate announcement. 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. Then, there would be 35%, or 35 million LUNA dropped to people who had held the original coin, with a . Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. The table below is the Terra project teams token distribution plan. Which crypto exchanges will support Terra Network Airdrop? Please enter your username or email address to reset your password. 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. 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. However, selling pressure was intense, and UST never got close to its $1 target. at Terra Classic block height of 7,544,910. 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. As of this weekend, 50 billion tokens have been reportedly . 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. In 2030, LUNA's price is predicted to surpass $17.96. The biggest crypto news and ideas of the day. Agree. 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.. Additional Read: LUNC Price Prediction Weekly. Before Astroport's Dec. 28, 2021 launch, airdrop recipients will have the option of "pre-claiming . This is by far the best idea Ive come across [] there is absolutely no point in having an ecosystem where you k ill your hero product. New LUNA (LUNA2) Airdrop. https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/. 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. Transactions. Several exchanges supported the airdrop of the new token over the weekend, with KuCoin and ByBit being the first to list it. Hopefully do kwon and his@teamwill figure something out that will work for everyone, especially those who lost a lot of money and their savings. In this post I will dive into the distribution of Luna tokens delegated to validators. 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. I want to believe Terra Team are seeing the positive side of the whole thing and probably taking advantage of the increase in activity to come up with a more better and substantive plan. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). (2023-03-02), Earn Wednesday: New Limited-Time Offers Available Now! 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 target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. The old chain to be called Terra Classic (token Luna Classic LUNC), and the new chain to be called Terra (token Luna LUNA). This will be a living document to coordinate the new network launch with the community. Pre-crash UST holders will receive 10% of the new tokens. 25% Community pool, controlled by staked governance. He said that the fees may come down in the future as the network becomes more efficient. 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 . The new LUNA Tokens will be distributes based on various criteria. 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. We encourage you to do your own research before investing. Follow this link to understand the calculation in more details: The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. People using terms like Equity and Debt need to be mindful of SECs reach. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. 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,. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 For more information, please refer to. For more information, please refer to the original announcement: Binance Will Support the Terra Network Airdrop, Binance Will List Terra 2.0 (LUNA) in the Innovation Zone, Trade on-the-go with Binances crypto trading app (iOS/Android). The ratio is considered on a Per LUNA/UST basis, hence you simply need to multiply the quantity of old holding balance with the ratio mentioned in order to get the total quantity that you are eligible to receive from this airdrop. Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. All bonded / unbonding Luna, minus TFL at Pre-attack snapshot; staking derivatives included, For wallets with < 10k Luna: 30% unlocked at genesis; 70% vested over 2 years with 6mnth cliff, 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, 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff, Pre-attack aUST holders will be receiving, Post-attack UST holders will be receiving. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. So, if the price of LUNA is $50 per coin, the algorithm would require you to burn 2 LUNA to mint 100 UST. Trading with 6x leverage across 250+ markets. The burning rate is a function of the circulating supply as follows. We have huge volume that can be taken advantage of. Needless to say, such rapid supply growth in such a short period of time, with no ability to absorb it, resulted in the unavoidable LUNAs price plummeted to $0. There's also a new LUNA token to go with it. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. 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 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. Snapshot is scheduled to begin on 27th May for all holders. Now since the anonymous whale sold off a huge chunk of the UST tokens, there were more UST and Terra LUNA tokens in supply than there were traders to consume such a volume. Step 1: Create network and account. 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. There may be no regulatory recourse for any loss from such transactions. Token Distribution. Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. People that just bought Luna say their votes are invalid, thus wasted. In case you have any queries, write to[emailprotected]. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . Please find below the ratios in which 30% of the revised holdings have been distributed: Total eligible quantity (Airdrop): Quantity x Ratio (LUNC/USTC as per Pre/Post-Attack), Quantity which you get now (30%): Total eligible quantity x 30%, Still in doubt? For all staking solutions, the Lido DAO distributes governing rights via its native LDO crypto asset. Looking to buy PundiX (PUNDIX) token in India? The percentage allocation of the total supply -1 Billion - is to be done as . 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. The distribution ratio per account will be announced in a separate announcement. 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 . You need to hold 5 LUNA in a Terra wallet to post. SPOT LinkedIn 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. Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. ; March 2020: Chainlink will work with Solana to build a fast oracle system. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. Based on the same information from Terra (70% vested over 2 years thereafter with 6 month cliff), we understand that between November 2022 and November 2024, additional LUNA tokens will vest (the . The current (old) Terra chain has been renamed as Terra Classic, and the current (old) Terra token LUNA has been renamed as Luna Classic LUNC. The ticker for the LUNA (old) token will be renamed as LUNC. The new LUNA token will have a circulating supply of 1 billion tokens. "The distribution . We hope this detailed information will help you estimate your LUNA holdings appropriately. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. * 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. Quant Strategist / High Frequency Trading Full Time, Security 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. The Airdrop whitelist will be updated to remove Terra FormLab and Luna Foundation Guard (LFG) from the wallet addresses. 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. Not to worry! Markets Past performance is not indicative of any future results. All rights reserved. For more information, please refer to. So what does these term mean? 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. Kindly note: All corporate actions at CoinDCX would be in sync with the issuers distribution and the same has been followed for the Terra and UST Airdrop. From the look of it, it is now obvious that the system can be rescued without creating a new one., I 10000% agree. On May 28th Finally, the New Terra Blockchain was Live ! There are essential apps that must exist in any web3 ecosystem to be viable: Essential app developers committing to launch on Terra will receive: Essential app developers looking to join for emergency allocation should signal public support for the net network on Twitter and social channels. Address: Road Town, Tortola, British Virgin Islands. 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. Luna does not have a . According to the official LUNA token distribution settings and schedule, The remaining 70%(Phase 2) of the distribution will be divided into 24 times, starting from December 2022. Amount. [] I did like that you thought through the market pressure angle for controlling high volume transactions. . Futures Terra Powered by LUNA. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. Members of those groups who were active on Sept. 9, 2021 at 00:01 UTC (Terra block # 4,451,515) will be eligible to claim their proportional share of 25 million ASTRO tokens as shown in the table below. Heres what you need to know. Address Graph. Calculated as a square measure above the Lorenz curve. News and analysis for the professional investor. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. What are Crypto Bridges & Popular Crypto Bridges. Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.. Around 14/15 tokens per million post . Do Kwon gave an idea of how the blockchain would work, and stated that the new Terra will be created without the algorithmic stablecoin. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. . 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. Lend Qadir Ak is the founder of Coinpedia. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). Leverage up to 20x with Crypto Futures, LEND The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. if they are sold, then this is only a plus for burning, since you cannot miss the trading volume that is going on now. Finally, Wallet Investor was a lot more optimistic when it came to making its terra price prediction for 2023. 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: 30% of the new LUNA tokens were distributed on June 6, 2022. March 2020: Bison Trails will support staking for the SOL token when the Solana mainnet becomes live. Subject to Crypto.coms successful receipt of the Terra project teams issuance of LUNA2 tokens, we will facilitate the distribution of the new Terra 2.0 token (LUNA2) to all eligible users. 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. 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Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. 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).
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luna token distribution