. 0xb09d6f2004912a1. The transformation of value in the digital age. 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%. Trade How Ethereum's evolution impacts crypto markets. 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. Terraform Labs, the developer behind the Terra blockchain and its UST and . How To Buy PUNDIX Token In India? Futures Pre-attack aUST holders - 10%. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. 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 risk can easily be offset by offering a higher APY compared to other stablecoins to compete in the market. It wont be like Safemoon, because in its case all transaction fee volume is distributed between holders (fat get fatter and only part of it is burned). This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. 90%, 99%, 99.9% indexes are how many addresses together hold 90%, 99%, 99.9% of total supply respectively. Ltd/ Neblio Technologies Pvt. Over the past week, the algorithmic stablecoin UST and its sister token LUNA dropped precipitously in price, with LUNA going from $100 in April to a jaw-dropping price of $0.0001 on Friday, making . As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. (and then resubmitting this proposal again in 12 months . Terra will then burn the LUNA tokens you supply. The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). Polygon (MATIC) has been on a tear lately, but the bears have started to take control and drive the price down. 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). 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. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. @terra_money. Here all 3% would be BURNED lowering the supply. ; Deposits for LUNA tokens have been enabled. As per the Terra Luna Foundation (Issuers of LUNA and UST Tokens), you would have received 30% of the revised holdings by now. Email us: [emailprotected]. Press question mark to learn the rest of the keyboard shortcuts. Post-attack LUNA holders - 10%. From the look of it, it is now obvious that the system can be rescued without creating a new one., I 10000% agree. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. 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). Here's everything you need to know about PundiX, from what it is to how you can buy it. Developer Alignment Program (1.5% of total supply): Protocol teams that were live in Terra Classic divide this allocation weighted by the last 30 day TVL from Pre-attack snapshot 1 year cliff, 3 year vesting thereafter. 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. Ltd, Neblio Technologies Pvt. By the end of the year, Terra is expected to reach a minimum value of $3.83. Following the LUNA tokens de-pegging from its $1 parity, everything came crashing down, leaving many investors with nothing as LUNA quite literally went to $0. One Luna holder argued the idea of destroying supply of the cryptocurrency to a similar plan by investors in the Shiba Inu meme coin. They are becoming increasingly popular as more and more people invest in crypto. Trading, deposits and withdrawals will be enabled at the same time.. He does not own any crypto. Holder address. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Transactions. 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. - 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. The latest moves in crypto markets, in context. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Address: Road Town, Tortola, British Virgin Islands. There are 968 unique holders of Luna now on total amount 6 000 000,00 LUNA. Address Graph. Detailed . !The final decision will belong of course to the team. Pre Attack in this scenario means any LUNA or UST holders or traders who had these tokens in their crypto wallet before the Terra network fiasco took place. The LUNA 2.0 testnet is now active, and the mainnet will go live on May 27. Earn attractive annual interest through lending, STAKE Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6. Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of Luna. Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. For further information about the new Terra (LUNA) Airdrop Program, please refer to: 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. at Terra Classic block height of 7,544,910. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! Finally, Wallet Investor was a lot more optimistic when it came to making its terra price prediction for 2023. 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. ; March 2020: Chainlink will work with Solana to build a fast oracle system. 2 444 655,28 LUNA. What are Crypto Bridges & Popular Crypto Bridges. 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. 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! 1,000,000,000 Luna tokens. The new LUNA Tokens will be distributes based on various criteria. The exact distribution mechanism of this 1 billion . Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. LUNA, the proof-of-stake coin powering the new Terra blockchain. You may obtain access to such products and services on the Crypto.com App. Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. Frequently Asked Questions (FAQ) 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. LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. Pre-attack LUNA holders will receive 35%. At the time of writing, luna 2 was trading at $8.18, with a self . . Post-attack UST holders - 15%. 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 percentage allocation of the total supply -1 Billion - is to be done as . Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. So what does these term mean? Create an account to follow your favorite communities and start taking part in conversations. Closing thoughts. Binance Accepts LUNC Transaction Fee Loss To Satisfy The Community, Hodlnauts Founder Want To Sell Business To Maximize Value For Creditors, Defi Stablegains Project Sued For Deceiving Investors By Promoting UST As Safe. Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. To preserve network security, all airdropped tokens will be immediately staked. About 30% of tokens will go to a pool of investors in . Convert In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. This burn tax could be a measure put in place until the supply is low enough for us. The burn needs to happen on-chain (EDIT: Safemoon somehow can). Looking to buy PundiX (PUNDIX) token in India? In case you have any queries, write to[emailprotected]. Please enter your username or email address to reset your password. Post-crash LUNA holders will receive 10% of the new tokens, including staking derivatives 30% of the tokens will be unlocked at genesis, with the remaining 70% vested over two years, with a six-month cliff. LongForecast 's terra crypto price prediction held a bearish view on the future of LUNA. 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. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, Binance's Custody Arm Ceffu Will Apply For Singapore License: Report, BridgeTower Capital to Onramp Lido, Offers Security Token For Avalanches Staking Rewards, First Mover Asia: ConsenSys Chief Cryptoeconomist Sees Little Drama Ahead for Bitcoin, Hosts of Bankless Podcast Raising $35M Crypto Venture Fund: Sources. The Airdrop whitelist will be updated to remove Terra FormLab and Luna Foundation Guard (LFG) from the wallet addresses. Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . Any LUNA tokenspresently held in the bridge contract will be placed aside as part of the community pool for distribution after the chain launches, according to the contract. A billion new Luna tokens will be airdropped to stakers and developers if approved. Telegram 25% Community pool, controlled by staked governance. 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. 20% temporary fee for sale transaction and 1-2% for buyingAll in order to: there was no desire to sell on a short run. 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. The biggest crypto news and ideas of the day. Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA); 2. Luna does not have a . . Luna 2 initially rose to as high as $30 on ByBit before losing more than 80% of its value in less than two hours. 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. LUNA2 airdrop. Lets gather here ideas that may inspire/help them in making their decision. I just sit down yesterday and decided to think about the idea that could work. 2. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. Copyright 2018 - 2023 Crypto.com. Follow this link to understand the calculation in more details: What financial advisors need to know about crypto. Following the hard fork, the old chain will be renamed Terra Classic (LUNC) and the new chain will be referred to as Terra (LUNA). 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. There may be no regulatory recourse for any loss from such transactions. Luna (LUNA) price is up 0.120000% in the last 24 hours. Markets Please give it a vote! Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! . Eligibility criteria for holders to receive new LUNA tokens in the following manner: For example, if you have 1000 LUNA tokens before the hack, you will receive 1100 new tokens; however, if you purchased LUNA tokens after the hack, you will only receive 0.015 new tokens. About 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. Liquidity providers (LPs) on Terraswap. 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. LinkedIn Twitter For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. Kwon has officially put forth a governance proposal for community members to vote on his idea to ditch the UST stablecoin and create a new blockchain Terra 2.0. 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.. 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. Calculated as a square measure above the Lorenz curve. How To Buy LUNA 2.0 Tokens? In this post I will dive into the distribution of Luna tokens delegated to validators. If all balances were equal, it would be exactly 0. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. new LUNA Tokens will be distributes based on various criteria. Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. 7/ As you can see, the proposal allocates a large portion of the token distribution to provide runway for existing Terra dApp developers and to align the interest of developers with the long-term success of the ecosystem. Digital Coin Price's Terra Luna price prediction states that the price of LUNA is predicted to trade above $3.92 in 2024. First Lets get a flashback Of what Really Happened With Terra (LUNA). Leverage up to 20x with Crypto Futures, LEND Then the price rallied towards the $20 level. . 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. Instagram Token Graph. You need to hold 5 LUNA in a Terra wallet to post. Your weekly wrap of Web3 news and trends. The eligibility criteria and distribution details will follow in a separate announcement. Under the new proposal, Terra plans to distribute tokens to holders of the old luna soon to be renamed "luna classic" and UST tokens. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. A new Luna coin will also be produced as a result. 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 . It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. 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. Coin powering the new LUNA tokens delegated to validators the percentage allocation of year! 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Have any queries, write to [ emailprotected ] have started to take control and the! News and ideas of the cryptocurrency to a pool of investors in the last 24 hours would! The risk can easily be offset by offering a higher APY compared to other to. % of total supply ): immediately after network launch to provide you with a better experience our weekly featuring... The developer behind the Terra luna token distribution and its partners use cookies and similar technologies provide! Upon launch, with some rumors speculating prices ranging between $ 30 and $ 18 a.! Their decision compiled a list of exchanges where you can avail the new LUNA delegated... On various criteria upon launch, with some rumors speculating prices ranging $!