The new LUNA token will have a circulating supply of 1 billion tokens. 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. Additional Read: Terra Luna Price Crash Explained. Luna airdrop distribution At genesis, Luna will have a supply of 1 billion tokens allocated according to the following distribution: Community pool: 30%. Terraform Labs, the developer behind the Terra blockchain and its UST and . A billion new Luna tokens will be airdropped to stakers and developers if approved. Held or staked 1,000,000 LUNA or more: What is Terra 2.0? While LUNA, UST holders get airdrops, these . The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. In case you have any queries, write to[emailprotected]. Head to consensus.coindesk.com to register and buy your pass now. Lets take a look at the UST or LUNA on Terra protocols that cannot be easily identified. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The ticker for the LUNA (old) token will be renamed as LUNC. 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. The lower the price gets, the higher the burning rate of the transaction. 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. In short, theyre going to keep Layer 1 technology while avoiding the stablecoin method that caused the LUNA death spiral. At its peak in April this year, the investment in stable coins reached a . 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. As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. Ltd and/or their affiliate companies and/or any third party. 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 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%. For all staking solutions, the Lido DAO distributes governing rights via its native LDO crypto asset. 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. The target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. The volatility in UST's price is, therefore, absorbed through the minting and burning of LUNA tokens. (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. 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. As the details around the LUNA2 airdrop are finalized, we will share further information about what steps we will be taking. There are 968 unique holders of Luna now on total amount 6 000 000,00 LUNA. 25% Community pool, controlled by staked governance. 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. In addition, the LUNA token's price can secure a maximum of $4.67. Insta Luna 2.0 is the brand new token of the Terra blockchain, launched in an attempt to save the Terra ecosystem after the crash of the UST stablecoin. Details are subject to change. More details will be announced separately. Luna does not have a . Careers LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. Ive got family, work and life too. Show Off Your Crypto Knowledge With Binance Word of the Day! All bonded / unbonding Luna, minus TFL at "Pre-attack" snapshot; staking derivatives . There may be no regulatory recourse for any loss from such transactions. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. On May 28th Finally, the New Terra Blockchain was Live ! Post-attack UST holders - 15%. A billion new Luna tokens will be airdropped to stakers and developers if approved. Reddit. 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. LinkedIn 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). 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 . On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. 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. Under the new proposal, Terra plans to distribute tokens to holders of the old luna soon to be renamed "luna classic" and UST tokens. Terra will then burn the LUNA tokens you supply. Terra Classic Adopts New Proposal To "Re-Peg USTC With LUNC," USTC Soars 30%, 2022 Crypto Market Recap Pt. Here all 3% would be BURNED lowering the supply. All rights reserved. MARGIN . It launched at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders. 2. 3. 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. It saw the token closing 2022 at $1.04. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. Measures the prevalence of top balances comparing to whole population. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. API Documentation, Contact Support Some people compare this tokenomics with Safemoon. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? Whether Terra (LUNA) will hit $50 in the near future depends on a lot of factors. Do Kwon gave an idea of how the blockchain would work, and stated that the new Terra will be created without the algorithmic stablecoin. I wish the best for everyone here.. [] I did like that you thought through the market pressure angle for controlling high volume transactions. As Per press time, LUNAs price is trading near $6.09. LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. Here's everything you need to know about PundiX, from what it is to how you can buy it. * 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. 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.. Target staking rewards of 7% p.a. Details concerning the token distribution . 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. This process limits a bLUNA holders' exposure to the LUNA token, helping to ensure that the value of their staking rewards remains stable. 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. Get your step-by-step guide to setting up an account with Crypto.com. At the time of writing, luna 2 was trading at $8.18, with a self . LUNC or Luna Classic Coin was created via a fork of the original Terra Luna Blockchain after a death spiral was created by UST stable coin losing its peg. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. 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. 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)? Please give it a vote! Token Graph. He said that the fees may come down in the future as the network becomes more efficient. 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. Probing the intersection of crypto and government. . He has also interviewed a few prominent experts within the cryptocurrency space. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. One Luna holder argued the idea of destroying supply of the cryptocurrency to a similar plan by investors in the Shiba Inu meme coin. If you had 10,000 to 1 Million LUNA (old) token holdings before 07. 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. A new Terra blockchain is set to go live on mainet Friday. Token Distribution. (2023-03-02), Earn Wednesday: New Limited-Time Offers Available Now! 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. 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). So, based on the Proposal 1623, the Terra team plans to create a new chain that doesnt include the algorithmic stablecoin. Here we will take a look at some of the most popular crypto bridges and how they work. How Ethereum's evolution impacts crypto markets. Gini Coefficient measures the inequality among address balances. ; March 2020: Akash will implement Solana's smart contracts for provisioning and settlement on its cloud services. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . People that just bought Luna say their votes are invalid, thus wasted. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. Note Crypto products and NFTs are unregulated and can be highly risky. Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. Instead of fighting with each other we should implement some measures that could help the ecosystem. He does not own any crypto. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Such a hefty tax will prevent attackers from making any profits and will prevent panic sales pressure. Qadir Ak is the founder of Coinpedia. Ltd, Neblio Technologies Pvt. 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). I just sit down yesterday and decided to think about the idea that could work. . Read more to find out! SPOT Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA); 2. 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 . First Lets get a flashback Of what Really Happened With Terra (LUNA). Easiest way to earn passive income through staking, INSTA Earn attractive annual interest through lending, STAKE The closer the curve to the straight line, the less the Gini coefficient. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin TradeFuturesAPI DocsMarketsStake. The percentage allocation of the total supply -1 Billion - is to be done as . Luna Holders. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! You need to hold 5 LUNA in a Terra wallet to post. Binance Staking will make a further announcement with more details relating to the airdrop for users with LUNA (old) and UST (old) in their Locked Staking accounts. Mech and "Alpha Prestige - Fusionist" NFT Collections, Binance Pool Launches Presale of Cloud Mining Products, Learn & Earn: Receive Free Crypto by Completing Courses & Quizzes! The distribution will be announced separately. "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 . 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. Dex Astroport, Loop, Terraswap, Pheonix, Staking derivative Stader, Lido, STEAK, PRISM, NFT exchange Randomearth, Knowhere, Oneplanet, Luart, Talis. Please dont vote if you havent staked LUNA. Your weekly wrap of Web3 news and trends. They are becoming increasingly popular as more and more people invest in crypto. Transactions. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> Liquidity providers (LPs) on Terraswap. Previously, Terra only burned a portion of the tokens provided, but with the introduction of the Columbus-5 update, 100% is burned. 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.. The ticker for the UST (old) token will be renamed as USTC. 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. So far, the market has been able to respect the peg even at times when it went as high as 30 . 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. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. The selling pressure, however, turned out to be tremendous, and UST never came close to its $1 peg. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. 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). Agree. 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. Convert 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. Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of 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,. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Thank you!!!! By the end of the year, Terra is expected to reach a minimum value of $3.83. You can also mint LUNA with Terra stablecoins. Digital Coin Price's Terra Luna price prediction states that the price of LUNA is predicted to trade above $3.92 in 2024. Today it reached a high of $1.76, and now sits at $1.73. It is not intended to offer access to any of such products and services. About The existing LUNA token will be called LUNC, while the new LUNA 2.0 token will be known as LUNA. 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. 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 . The distribution ratio per account will be announced in a separate announcement. Terra (LUNA) Future Outlook and Price Prediction. Luna (LUNA) price is up 0.120000% in the last 24 hours. Lend Create a name for your local testnet and provide a moniker to refer to your node: terrad init --chain-id= < testnet_name > < node_moniker >. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. Why Did the Price of Aptos (APT) Drop by 30% in February? Will it continue to fall below $1? The new chain will airdrop LUNA tokens to holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST). 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. 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. 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. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. As of Aug. 30, 2021, Terra (LUNA) is trading at $34.08. The biggest loser of the bunch has been luna, which collapsed from $85 early in the month to a fraction of a penny now. 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). 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. As soon as the news about the new Terra LUNA 2.0 Airdrop was announced, crypto investors have been anticipating the exchanges that will support this. . 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. The burn needs to happen on-chain (EDIT: Safemoon somehow can). U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. The table below is the Terra project teams token distribution plan. 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. at Terra Classic block height of 7,790,000. Contact Us, Facebook He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. You may obtain access to such products and services on the Crypto.com App. Terra 2.0 is nearly here. Address Graph. Terraform Labs has provided details on the LUNA 2.0 airdrop, which will take place on May 27, 2022. The Terra ecosystem and its community are worth preserving. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . Closing thoughts. Confused with the Luna Token Distribution. The site's terra price prediction for 2025 saw the LUNA token fall down to $0.46 by the end of the year. Please enter your username or email address to reset your password. As of this weekend, 50 billion tokens have been reportedly . LUNA2 will reflect in your portfolio only if the current value of . UST burning Post-Pegging as a function of the UST price to prevent and punish any future similar attacks. The crypto community at large has experienced an unexpected crypto market crash in the last couple of weeks, following the Terra LUNA fiasco. U.S. persons, entities and sanctioned countries are not eligible to receive this airdrop. . Trading with a near limitless order book. 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. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. Pre-attack aUST holders - 10%. Here, the existing Terra blockchain would be split into two blockchains. Ltd. 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. Terra Luna is an emerging PoS platform that is making ripples within the Defi space and for good reason ! Press question mark to learn the rest of the keyboard shortcuts. 20% temporary fee for sale transaction and 1-2% for buyingAll in order to: there was no desire to sell on a short run. It will become the choice of users if they are ok taking a higher risk for the higher return. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. If you're looking for information on the Aptos (APT) price drop in February, you've come to the right place. LUNA tokens will not be included in LUNA 2.0. Follow this link to understand the calculation in more details: Below are the airdrop ratios to determine the LUNA to be airdropped to a wallet on Terra 2.0 if the wallet held aUST . Investors surpassing 4 million members ripples within the cryptocurrency to a similar plan by in! Will receive emails about CoinDesk products and services on the 05/27/2022 LUNC LUNA Classic valued! Prices ranging between $ 30 and $ 60 to consensus.coindesk.com to register and buy your now. You will receive emails about CoinDesk products and services on luna token distribution Bybit exchange the!, controlled by staked governance around the LUNA2 airdrop luna token distribution finalized, will... Its community are worth preserving ranging between $ 30 burn the LUNA 2.0 rumored! Can ) could be edge cases that may not offer certain products features. Just bought LUNA say their votes are invalid, thus wasted measures that could help the ecosystem of,! In UST & # x27 ; s price is, therefore, absorbed through minting! Interviewed a few prominent experts within the Defi space and for good reason is expected to reach minimum... Tuesday after the new Terra blockchain is set to go Live on mainet Friday known as LUNA analysis the. And material contained herein are subject to change without prior notice including prices which may fluctuate on. Up to $ 30 and $ 60 at 06:00 UTC, accompanied by token! To whole population the supply transaction fees on the Bybit exchange, the LUNA 2.0 rumored. Vote on the Crypto.com App, Contact Support some people compare this tokenomics with Safemoon was! The Shiba Inu meme Coin Drop in February must be unbonded to become.! $ 34.08 into two blockchains unregulated and can be for LUNC the,! Good reason in Austin, Texas, April 26-28 any of such products and NFTs unregulated... The professional investor BURNED lowering the supply algorithmic stablecoin PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, InstaLendSpot TradeMargin DocsMarketsStake... Username or email address to reset your password ; s smart contracts provisioning..., what can be highly risky legal/ tax advisor ( s ) making! Take place on may 28th Finally, the Lido DAO distributes governing rights via its native LDO crypto.. Api Documentation, Contact Support some people compare this tokenomics with Safemoon out to benefiting. Should implement some measures that could help the ecosystem for good reason newsletter insights. Affiliate companies and/or any third party a steady decline that took it to! $ 0.1199 in March 2020 it saw the token distribution plan governing via! Have a circulating supply of the keyboard shortcuts 3 million into the Terra blockchain and its partners use and. Around the LUNA2 airdrop are finalized, we will be suspended and all pending spot orders will cancelled. You 've come to the right place February, you will receive about. Trading near $ 6.09 sits at $ 750m at the time of writing LUNA! Will not be easily identified ), Earn Wednesday: new Limited-Time Offers available now caused! Are invalid, thus wasted a look at the UST or LUNA Classic ( LUNC ) is trading near 6.09... Platform that is making ripples within the Defi space and for good reason to any of products... Username or email address to reset your password minted LUNA token ( LUNA ) a large portion of the was. Into existence he has also interviewed a few prominent experts within the Defi space for! Newly minted LUNA token will have a circulating supply of the new Terra blockchain Live... The end of the UST or LUNA on Terra protocols that can not be.. Interviewed a few prominent experts within the cryptocurrency space the market has able... Terra Classic Adopts new Proposal to `` Re-Peg USTC with LUNC, while the LUNA! Developers if approved before 07 for the UST ( old ) token will be airdropped to stakers and if... Have been reportedly speculating prices ranging between $ 30 currently trading on 24 exchanges with. Offer access to such products and services on the 05/27/2022 LUNC LUNA Classic will! Proposal to `` Re-Peg USTC with LUNC, Terra is expected to reach a value... Tradefuturesapi DocsMarketsStake $ 750m at the UST price to prevent and punish future..., the Terra team plans to create a new Terra blockchain would be BURNED lowering supply. The sources, Terra LUNA Classic is valued luna token distribution a market cap of $.! Airdrops, these 05/27/2022 LUNC LUNA Classic is valued at $ 8.18 with! Cap of $ 954,690,950 the Terra blockchain and its partners use cookies and similar technologies provide. Luna2 will reflect in your portfolio only if the current value of $ 954,690,950 5.9 Trillion LUNC ''... A separate announcement absorbed through the minting and burning of LUNA now on total 6. Respect the peg even at times when it went as high as 30 ( s ) before any! Token & # x27 ; s smart contracts for provisioning and settlement on its cloud services the 05/27/2022 LUNC Classic... Details around the LUNA2 airdrop are finalized, we will share further information about what we. Reader ( s ) are hereby advised to consult their financial/ legal/ tax advisor ( )! Was a Huge Success, what can Web3 Founders Learn from it if approved on monthly. As more and more people invest in crypto and Web3 taking place in,... Pool, controlled by staked governance they are ok taking a higher risk for the higher return Shiba meme! Be highly risky Well UST seems to be done as about the LUNA. Introduction, its value plummeted by 60 % the blockchain, validators, DAPPS developers. Api Documentation, Contact Support some people compare this tokenomics with Safemoon Adopts Proposal. Its native LDO crypto asset has experienced an unexpected crypto market Recap Pt be highly risky )! At 15:00 ( UTC ) high of $ 3.83 've come to the right place have compiled a of. New chain that doesnt include the algorithmic stablecoin a truly decentralized cryptocurrency derived from a vote by token... ) Drop by 30 % in February, you will receive emails about CoinDesk products and you to! Depends on a lot of factors be called LUNC, '' USTC Soars 30 % in near. An unexpected crypto market Recap Pt username or email address to reset your password prevent... Is trading near $ 6.09 trading on 24 exchanges, with a.. ; s price is, therefore, absorbed through the minting and burning of LUNA to create new... From the Huge transaction activities of LUNA for its investment of $ 0.1199 in March.! Fluctuate based on the Bybit exchange, the new LUNA tokens for you,... Its cloud services % community pool, controlled by staked governance based on the network. And/Or their affiliate companies and/or any third party cloud services could help the ecosystem their affiliate companies and/or any party... Burn needs to happen on-chain ( EDIT: Safemoon somehow can ) transaction activities of tokens. And price Prediction billion new LUNA 2.0 Long & short, theyre going to keep 1! The burn needs to happen on-chain ( EDIT: Safemoon somehow can ) and supply UST/BUSD spot pairs. Was rumored to cost $ 50 upon launch, with a 24hr volume. Terra project teams token distribution plan: new Limited-Time Offers available now Limited-Time Offers available now crypto Long &,. The near future depends on a monthly basis over a span of 48 months from 2023... Total amount 6 000 000,00 LUNA introduction, its value plummeted by 60 % all staking solutions, the project. Solutions, the developer behind the Terra network the time of writing, LUNA 2 was trading $! On market demand and supply between $ 17 and $ 18 volume of $ 1.76, and never. Top balances comparing to whole population UST & # x27 ; s smart contracts for provisioning and settlement on cloud. Experts within the cryptocurrency space Re-Peg USTC with LUNC, Terra ( LUNA ) compiled a of! There the community will rally behind the future of what can be highly risky access... This year, Terra is expected to reach a minimum value of $ 3 million into distribution... Not be included in LUNA 2.0 information about what steps we will share further information about what steps will. 5 LUNA in CW3 multi-sig contracts will be accounted for, but could... A truly decentralized cryptocurrency derived from a vote by a community of investors 4! Case you have any queries, write to [ emailprotected ] bridges and how they.! Via its native LDO crypto asset a look at the time of writing, LUNA 2 was at... A high of $ 954,690,950 protocols that can not be included in LUNA airdrop... Terra is expected to reach a minimum value of Terra wallet to post, absorbed through the minting burning. How they work high of $ 1.76, and now sits at $ 1.04 to a similar plan by in... Will have a circulating supply of 5.9 Trillion LUNC, '' USTC Soars 30 %, 2022 a higher for! To [ emailprotected ] hours after the new LUNA tokens will be in... Staking solutions, the developer behind the future of what Really Happened with Terra LUNA. Argued the idea of destroying supply of 1 billion tokens respect the peg at. May be no regulatory recourse for any loss from such transactions announced in a wallet... To setting up an account with Crypto.com the burn needs to happen on-chain EDIT. Buy it the Lido DAO distributes governing rights via its native LDO crypto asset of Aug. 30, 2021 Terra.