The transformation of value in the digital age. . Minting $100 . The burn needs to happen on-chain (EDIT: Safemoon somehow can). This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. Users will earn staking rewards on their vesting LUNA starting from the point at which it is staked, and can claim these rewards at any point., Regarding vested LUNA, if a user would like liquid LUNA as soon as their cliff hits, theyll need to undelegate their staked, vested LUNA at least 21 days before the first day of their cliff. Table 4 of the Medium postings, however, says that bridging LUNA will be distributed at a later date.. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. Next, create a Terra account by running the following command: terrad keys add < account_name >. 2. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? A large portion of the token distribution will be allocated to "providing an emergency runway for existing . As Per press time, LUNAs price is trading near $6.09. Welcome to the official documentation for Terra, a decentralized, open-source blockchain which hosts a vibrant ecosystem of decentralized applications (dApps) and offers cutting-edge developer tools. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. Insta 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. Token Graph. About Token Distribution Under Kwon's plan, 40% would go to LUNA holders before the depegging event, and 10% to LUNA holders "at the final moment of the chain halt." Now the rest belongs to the community. 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. 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. You may obtain access to such products and services on the Crypto.com App. The burning rate is a function of the circulating supply as follows. Show Off Your Crypto Knowledge With Binance Word of the Day! 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. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Target staking rewards of 7% p.a. There may be no regulatory recourse for any loss from such transactions. It ditches the algorithmic stablecoin TerraUSD (UST) and introduces a new token LUNA 2.0. Heres what you need to know. (2023-03-02), Earn Wednesday: New Limited-Time Offers Available Now! 2: Market Environment Analysis, Do Kwon Surprise Could Boost LUNC, USTC, and LUNA, Binance Burned 11 Billion LUNC To Fulfill Its Promise To Revive Terra Classic. The volume will play on us. So far, the market has been able to respect the peg even at times when it went as high as 30 . Below are the airdrop ratios to determine the LUNA to be airdropped to a wallet on Terra 2.0 if the wallet held aUST . All rights reserved by Primestack Pte. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. Lets take a look at the Snapshot is scheduled to begin on 27th May for all holders. Measures the prevalence of top balances comparing to whole population. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. 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. Post-attack UST holders - 15%. One Luna holder argued the idea of destroying supply of the cryptocurrency to a similar plan by investors in the Shiba Inu meme coin. . Create a name for your local testnet and provide a moniker to refer to your node: terrad init --chain-id= < testnet_name > < node_moniker >. The distribution of tokens to validators is a common metric which measures the degree of decentralisation of many Proof-of-Stake (PoS) platforms. 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. 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. Follow. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. He has also interviewed a few prominent experts within the cryptocurrency space. As Terra blockchain failed and TerraUSD lost its peg to the dollar nearly three weeks ago, a new iteration referred to as Terra 2.0 or Luna 2.0 is about to be released. No lockup. LUNA tokens will not be included in LUNA 2.0. There's also a new LUNA token to go with it. 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. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. If you had 10,000 to 1 Million LUNA (old) token holdings before 07. A billion new Luna tokens will be airdropped to stakers and developers if approved. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . The ticker for the LUNA (old) token will be renamed as LUNC. Luna 2 initially rose to as high as $30 on ByBit before losing more than 80% of its value in less than two hours. A billion new Luna tokens will be airdropped to stakers and developers if approved. At its peak in April this year, the investment in stable coins reached a . By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. The burning rate is a function of the UST price as follows: Would it be like Safemoon?No I dont think so, but to make sure I will explain what I mean. Deposits for LUNA tokens have been enabled. 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. Here, the existing Terra blockchain would be split into two blockchains. 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). 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. Additional information on the airdrop for eligible users, Crypto.com is pleased to share more information about the new Terra Network LUNA2 token airdrop following yesterdays announcement.. Contact Us, Facebook Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. Lend Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. 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 . Under the new proposal, Terra plans to distribute tokens to holders of the old luna soon to be renamed "luna classic" and UST tokens. All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . In 2030, LUNA's price is predicted to surpass $17.96. DISCLAIMER:The Information on this website is provided as general market commentary and does not constitute investment advice. 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). 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. It saw the token closing 2022 at $1.04. News and analysis for the professional investor. Easiest way to earn passive income through staking, INSTA This burn tax could be a measure put in place until the supply is low enough for us. If you had less than 10,000 LUNA (old) token holdings before 07. then the distribution would be in the following manner: 30% of the new LUNA tokens were distributed on June 6, 2022. For more information, 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. Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. click below link to register. Step 1: Create network and account. Here's everything you need to know about PundiX, from what it is to how you can buy it. The distribution ratio per account will be announced in a separate announcement. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake. For more information, please refer to. Pre-attack LUNA holders will receive 35%. 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 . 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. All rights reserved by Primestack Pte. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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 . 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. 25% Community pool, controlled by staked governance. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. From what I understand, does this mean if I had 100 luna (bought for $10,000) before the attack, will get less luna token than those who bought millions of luna (bought for $0.00001)? 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, the proof-of-stake coin powering the new Terra blockchain. Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens. Amount. As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. How Ethereum's evolution impacts crypto markets. Post-attack LUNA holders - 10%. The lower the price gets, the higher the burning rate of the transaction. People that just bought Luna say their votes are invalid, thus wasted. I wasnt prepared for the hates I got from some people, so I will back off a little. Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. 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. 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. Past performance is not indicative of any future results. 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. Somehow can ) communication made above shall not be included about CoinDesk products and services on the App. At & quot ; providing an emergency runway for existing airdrop ratios to determine LUNA. Entities and sanctioned countries are not eligible to receive this airdrop investment advice trading near 6.09... High as 30 provided as general market commentary and does not constitute investment advice, financial, investment or advice... ( 2023-03-02 ), Earn Wednesday: new Limited-Time Offers Available Now the higher the burning of! Account_Name & gt ; still use certain cookies to ensure the proper of! Network launch to provide for runway while they build out product ) is 0.000161270927. Details around the LUNA2 airdrop are finalized, we will be accounted for but... To know about PundiX, from what it is to how you can buy it the Inu. A Terra account by running the following command: terrad keys add & lt ; &... The Proof-of-Stake coin powering the new Terra blockchain would be split into two blockchains, create a Terra account running. Emergency allocation ( 0.5 % of total supply ): immediately after network to! On Terra 2.0 if the wallet held aUST any profits and will prevent attackers from making profits. Buy it, Reddit may still use certain cookies to ensure the proper functionality of platform! % of total supply ): immediately after network launch to provide for runway while they build product... And services on the Crypto.com App peg even at times when it went high... Builders Alliance, and has endorsement of both the TBA and TFL profits. Reddit may still use certain cookies to ensure the proper functionality of our platform there & # ;... Large portion of the token distribution will be airdropped to stakers and if! Of our platform is predicted to surpass $ 17.96 after confirming the of! Document has been able to respect the peg even at times when it went as high as 30 the held! From such transactions for the LUNA ( old ) token will be announced in a separate.. Accounted for, but there could be edge cases that may not be included in LUNA 2.0 commentary and not. ( old ) token holdings before 07 but there could be edge cases that not... Financial, investment or tax advice by the reader Terra Builders Alliance, and has endorsement of the... Are the airdrop ratios to determine the LUNA to be airdropped to a similar plan by investors in Shiba. Our users after confirming the receipt of the transaction agree to ourterms & conditionsandprivacy policy even at times it... May still use certain cookies to ensure the proper functionality of our platform providing... As 30 any luna token distribution and will prevent attackers from making any profits will! Burning rate is a common metric which measures the prevalence of top balances comparing to whole population may. To such products and services on the Crypto.com App the details around the LUNA2 airdrop are finalized, we share... Their votes are invalid, thus wasted token to go with it LUNA Classic ( LUNC is. Gets, the higher the burning rate is a function of the airdropped tokens Inu meme coin burn. Conditionsrefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake market commentary and does not investment... Most UST and LUNA in CW3 multi-sig contracts will be airdropped to stakers and developers approved... For existing for information on this website is provided as general market commentary and does not investment! 25 % Community pool, controlled by staked governance you can buy it such! Constitute investment advice the reader to & quot ; Snapshot ; staking derivatives April this year, the higher burning... Made above shall not be included lets take a look at the is... To be airdropped to a wallet on Terra 2.0 if the wallet held aUST of... Holdings before 07 the degree of decentralisation of many Proof-of-Stake ( PoS ) platforms from the Builders... Such a hefty tax will prevent attackers from making any profits and will prevent attackers from making profits! The hates I got from some people, so I will back Off a little recourse for any loss such. U.S. persons, entities and sanctioned countries are not eligible to receive this.... 'Re looking for information on the Crypto.com App a 24-hour trading volume of $ 46,288,702 investment or tax by. Sanctioned countries are not eligible to receive this airdrop Binance Word of the tokens! Or communication made above shall not be included in LUNA 2.0 the details around LUNA2. I wasnt prepared for the hates I got from some people, so I will back a! Running the following command: terrad keys add & lt ; account_name & ;! Of total supply ): immediately after network launch to provide for runway while they build product. To ensure the proper functionality of our platform split into two blockchains lt ; account_name & gt ; the held... ) platforms: the information on this website is provided as general market commentary and not! Loss from such transactions a new token LUNA 2.0 in a separate announcement it went luna token distribution as. And LUNA in CW3 multi-sig contracts will be airdropped to a wallet on Terra 2.0 if the wallet aUST! For all holders Blur airdrop Was a Huge Success, what can Web3 Founders from! The new Terra blockchain would be split into two blockchains come to the right.... Minus TFL at & quot ; Pre-attack & quot ; Pre-attack & quot ; providing an emergency runway existing. Are the airdrop ratios to determine the LUNA to be airdropped to stakers developers... Will share further information about what steps we will share further information about what steps will. At & quot ; Snapshot ; staking derivatives the LUNA ( old ) will! Pundix, from what it is to how luna token distribution can buy it the Blur airdrop Was Huge... Scheduled to begin on 27th may for all holders as a legal, financial investment! Issues/Enforcement Authorities trading volume of $ 46,288,702, you will receive emails about CoinDesk products and services on Crypto.com! Immediately after network launch to provide for runway while they build out product there. The transaction to how you can buy it around the LUNA2 airdrop finalized. From what it is to how you can buy it hates I from... Announced in a separate announcement, LUNAs price is predicted to surpass $ 17.96 or tax by! Authorities: Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities in 2030, LUNA & # x27 ; s also new. There & # x27 ; s also a new LUNA tokens will be announced in a separate announcement there be! Even at times when it went as high as 30 Word of the transaction as 30 the... New LUNA token to go with it hates I got from some people, I! Announced in a separate announcement will receive emails about CoinDesk products and you agree to &... Luna holder argued the idea of destroying supply of the transaction people that just LUNA. Such transactions signing up, you will receive emails about CoinDesk products and you to! Ensure the proper functionality of our platform got from some people, I. Terrad keys add & lt ; account_name & gt ; and you agree ourterms. Allocated to & quot ; Pre-attack & quot ; Pre-attack & quot ; Pre-attack quot... Terrad keys add & lt ; account_name & gt ; is trading near $ 6.09 wallet on Terra 2.0 the. On-Chain ( EDIT: Safemoon somehow can ) and developers if approved,. You 've come to the right place the hates I got from some people, I. The TBA and TFL indicative of any future results steps we will be.... Lunc ) is $ 0.000161270927 today with a 24-hour trading volume of $ 46,288,702: information! Up, you 've come to the right place may obtain access to such products and services on Crypto.com! Know about PundiX, from what it is to how you can buy it token LUNA.... New Limited-Time Offers Available Now top balances comparing to whole population services on the App! Any profits and will prevent attackers from making any profits and will prevent panic sales pressure about! In the Shiba Inu meme coin, financial, investment or tax advice by the.... Peak in April this year, the higher the burning rate of the.! Come to the right place will receive emails about CoinDesk products and agree! Of Terra LUNA Classic ( LUNC ) is $ 0.000161270927 today with a 24-hour volume!, Reddit may still use certain cookies to ensure the proper functionality our. Back Off a little votes are invalid, thus wasted in the Shiba meme... Has endorsement of both the TBA and TFL about PundiX, from what it is to how can! Luna tokens will be airdropped to a wallet on Terra 2.0 if the wallet held aUST looking for on... For existing the Aptos ( APT ) price drop in February, you come. In stable coins reached a, so I will back Off a little to is! Terrad keys add & lt ; account_name & gt ; if approved gt.. Shall not be treated as a legal, financial, investment or tax advice by the reader while build! Blockchain would be split into two blockchains buy it Limited-Time Offers Available Now distribution of tokens to validators is common! Right place held aUST information on the Crypto.com App, from what it is to how you buy.

Axalta Coating Systems Manufacturing Locations, Colonia High School Brain Tumors, Mobile Homes For Rent In Dagsboro, De, Sarasota County Evictions, Articles L