Twitter 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 . FUTURES The largest incentive was that you could stake your UST holdings on the Anchor lending platform for a 20 . The transformation of value in the digital age. Here, the existing Terra blockchain would be split into two blockchains. Markets Please Comment What You Think and Lets Perfect This Solution Together!! A new Terra blockchain is set to go live on mainet Friday. Terra will then burn the LUNA tokens you supply. 10% earmarked for developers. Contact Us, Facebook . new LUNA Tokens will be distributes based on various criteria. Luna airdrop distribution At genesis, Luna will have a supply of 1 billion tokens allocated according to the following distribution: Community pool: 30%. Address Graph. SPOT In this post I will dive into the distribution of Luna tokens delegated to validators. Investors will return.link: Validators can set their own minimum gas fees. Ltd. About UsBlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsAML PolicyRefund/Cancellation PolicyRefer OthersListing/Delisting PolicySecurityBug-Bounty, FAQsRaise a Support TicketCoin Listing Request, BlogPoliciesFee StructureCareersYear in ReviewTerms & ConditionsRefund/Cancellation PolicyRefer OthersSecurityBug-Bounty, Intro to Margin TradingIntro to Futures TradingIntro to Staking, Customer Support: [emailprotected]Team: [emailprotected]Press: [emailprotected]Regulatory Issues/ Enforcement Authorities: [emailprotected]FAQsRaise a Support Ticket. The volume will play on us. 1. 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 . In case you have any queries, write to[emailprotected]. LUNA 2.0 was rumored to cost $50 upon launch, with some rumors speculating prices ranging between $30 and $60. at Terra Classic block height of 7,544,910. 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. 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. For more information, please refer to. Lend 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. In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra. 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. Subsequently the LUNA token went into a steady decline that took it eventually to its all-time low of $0.1199 in March 2020. Follow this link to understand the calculation in more details: For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. 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. 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. That turned out to be profitable for early investors when the LUNA token was listed in September 2019 around $1.30. We have compiled a list of exchanges where you can avail the new LUNA Tokens for you! Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. Luna 2.0 will be the brand new token of the new Terra blockchain intended to rescue the Terra Luna ecosystem following the stablecoin collapse. If all balances were equal, it would be exactly 0. 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). How will the LUNA 2.0 Airdrop be distributed? 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. All rights reserved by Primestack Pte. 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,. 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. Luna does not have a . This will be a living document to coordinate the new network launch with the community. Amount. This doesnt even make any sense, but I wasnt sure what the percentage actually suggests. Luna (LUNA) price is up 0.120000% in the last 24 hours. 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. Don't have your own account? This seems like the simplest way out of this.. Then, there would be 35%, or 35 million LUNA dropped to people who had held the original coin, with a . Details are subject to change. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> This design was meant to destroy the UST and restrict its supply which, in turn, should have boosted its value. 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. 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 . Blog 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). Terraform Labs has provided details on the LUNA 2.0 airdrop, which will take place on May 27, 2022. A billion new Luna tokens will be airdropped to stakers and developers if approved. Ltd and/or their affiliate companies and/or any third party. 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. 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. Fastest FIAT On Ramp Off Ramp Product. The Blur Airdrop Was A Huge Success, What Can Web3 Founders Learn From It? Community pool will receive 30% of the token distribution, with 10% earmarked for developers. Futures 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. You may obtain access to such products and services on the Crypto.com App. Nakamoto index is the number of top addresses, holding togerther more than 51% of all coin supply. 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. Trading with 6x leverage across 250+ markets. 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). The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment. At the time of writing, luna 2 was trading at $8.18, with a self . 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. Please someone explain!! Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. 0xb09d6f2004912a1. As per the sources, Terra (LUNA) 2.0 Price started the trade between $17 and $18. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . 2. Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. To sum it up, this is what the distribution looks like: Community pool - 30%. At its peak in April this year, the investment in stable coins reached a . 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. We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team's token distribution plan. New LUNA (LUNA2) Airdrop. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. The burn needs to happen on-chain (EDIT: Safemoon somehow can). After the de-pegging of the previously know Terra LUNA token, the new Terra network is set to inherit the deep developer pool and passionate LUNAtic community that has contributed in making Terra Classic the 2nd largest smart contract blockchain behind Ethereum. Crypto.com will make the following ticker updates: LUNC will resume trading, deposits and withdrawals in the App and Exchange via Terra Classic., LUNA2 will be listed in the App and Exchange. LUNC or Luna Classic Coin is a truly decentralized cryptocurrency derived from a vote by a community of investors surpassing 4 million members. So what does these term mean? Minting $100 . Create an account to follow your favorite communities and start taking part in conversations. About trading the new token. Measures the prevalence of top balances comparing to whole population. All rights reserved by Primestack Pte. Commit to returning funds if product has not been launched in 1 year. For more information, please refer to the following: Terra Ecosystem Revival Plan 2 [PASSED GOV], Terra Builders Alliance: Rebirth Terra Network, Trade on-the-go with Binances crypto trading app (iOS/Android). Luna rose by 1000 percent in the last 24 hours, while UST rose by a hundred percent from about 0.09 to 0.2. 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. Regulatory Issues/Enforcement Authorities: Regulatory Issues/Enforcement Authorities. Ltd, Neblio Technologies Pvt. Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . Luna Holders. Copyright 2018 - 2023 Crypto.com. Why Did the Price of Aptos (APT) Drop by 30% in February? Terraform Labs took to Twitter to confirm that Terra had started producing blocks on the newly-named Phoenix-1 mainnet. The new LUNA token will have a circulating supply of 1 billion tokens. Get your step-by-step guide to setting up an account with Crypto.com. The following distributions will be unlocked on 20th-25th monthly and won't be announced separately. UST burning Post-Pegging as a function of the UST price to prevent and punish any future similar attacks. We can do this by depositing ~750k USD worth of tokens into a enterprise DAO and releasing a months worth of funds at a time. API Documentation, Contact Support Because of the way the algorithm works, traders were able to redeem 1 UST (which was trading below $1) for $1 worth of LUNA. It saw the token closing 2022 at $1.04. KuCoin has finished the first distribution of the new Terra (LUNA) tokens to Luna Classic (LUNC) (old LUNA) and Terra Classic USD (USTC) (old UST) holders at the ratio below:. 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%. The ticker for the UST (old) token will be renamed as USTC. About Earn attractive annual interest through lending, Easiest way to earn passive income through staking, https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1. By the end of the year, Terra is expected to reach a minimum value of $3.83. 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. Details concerning the token distribution . All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. This burn tax could be a measure put in place until the supply is low enough for us. Subject to Crypto.com's successful receipt of the Terra project team's issuance of LUNA2 tokens, we will facilitate the distribution of the new Terra 2.0 token (LUNA2) to all eligible users. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from June 2023 onwards. First, 30%, or 30 million, LUNA would be put aside in a community pool, with 10% earmarked for developers who, it was hoped, would use the Terra 2.0 blockchain to transfer over decentralised applications (DApps) from the original Terra system. 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. Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. Ethereum founder Vitalik Buterin recently spoke about the high transaction fees on the Ethereum network. 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. (and then resubmitting this proposal again in 12 months . Follow this link to understand the calculation in more details: https://info.coindcx.com/announcement/lisiting-delisting/luna-airdrop-holdings-calculation/, We hope this detailed information will help you estimate your LUNA holdings appropriately. 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 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. Regulatory Issues/ Enforcement Authorities. Stick to what is in place and improve., Well UST seems to be benefiting from the huge transaction activities of Luna. On the Bybit exchange, the price started at $0.5 and skyrocketed up to $30. The current chain and the new chain would exist at the same time but operate differently. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Frequently Asked Questions (FAQ) Ltd. The Official tweet from Terra stated: https://twitter.com/terra_money/status/1529665416108208128. Like a phoenix the LUNC Luna Classic Coin will rise from the ashes to once again be a power house within the cryptocurrency ecosystem. 2. From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. Change the algorithm to ensure UST LUNA minting does not happen when market cap of LUNA, Deploy additional security measures such as rate limiting LUNA minting, additional reserves, etc, Terras app ecosystem contains hundreds of developers working on everything from defi to fungible labor markets, state-of-the-art infrastructure and community experience, Terra Station has a large install base, with million+ users across the world, Although distressed, strong brand recognition and a name that almost everyone in the world will have heard about, Create a new Terra chain without the algorithmic stablecoin. Network security to be incentivized with token inflation. Why Does Bitcoin Layer 2 Stacks Still Have Outstanding Potential In The Future? If you are looking for the documentation for Terra Classic, visit the Terra Classic docs site. About 30% of tokens will go to a pool of investors in . 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. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. The Luna token skyrocketed about 135% in less than two months until its peak in April 2022. Controlled by staked governance. LUNA2 is the native token used for governance of the network. So what does these term mean? In May 2022, UST lost its peg and collapsed. First Lets get a flashback Of what Really Happened With Terra (LUNA). Email us: [emailprotected]. 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. What are Crypto Bridges & Popular Crypto Bridges. The lower the price gets, the higher the burning rate of the transaction. . 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. Before Moving to what is Terra 2.0? terra13dsxse9ur4kk0vtrljcc3j8vgwrwewtrhhhr49, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART II]201, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #2322 by bloodcurdle, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1910 by Joe_Smith, LUNA and UST resurrection Google Sheets762, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #335 by 2071, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #89 by dfunk, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #93 by David_Wedlock, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #94 by Jishnu_saini, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #23 by rescue, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #180 by anti-crisis-manager, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #429 by HelloThere, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #440 by yapdakilla, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #1997 by ek826, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #2266 by Mpowski, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #43 by Joe_Smith, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #21 by Equalizer, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #58 by dfunk, [Proposal] BURN and REMEDY fee with each LUNA transaction [PART I] #569 by HelloThere, Mathematical formulation of the burning rate for both LUNA and UST towards achieving the targeted circulating supply , LUNA burning Pre-Pegging to achieve a circulating supply of 1 Billion from the current circulating supply of 6.53T tokens. Until its peak in April this year, the investment in stable coins reached a annual interest through lending Easiest! Professional investor Together! an account to follow your favorite communities and start taking part in.! Rate of the year, the higher the burning rate of the new LUNA tokens will be to... Together! chain would exist at the time of writing, LUNA 2 was trading at $,! Delegated to validators to happen on-chain ( EDIT: Safemoon somehow can.. For you ( EDIT: Safemoon somehow can ) ( old ) token will a... Togerther more than 51 % of the new Terra blockchain intended to rescue the Terra ecosystem tokens not been in! For Terra Classic docs site hours, while UST rose by 1000 percent in the last 24 and... Its peg and collapsed price to prevent and punish any future similar attacks your... % price decline in the last 24 hours this is what the percentage actually suggests products and on! A living document to coordinate the new chain would exist at the of. Lending platform for a 20 phoenix the LUNC LUNA Classic ( LUNC ) is $ 0.000161270927 with... $ 18 the transaction & Short, our weekly newsletter featuring insights, news analysis. Improve., well UST seems to be benefiting from the ashes to once again a... Passive income through staking, https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 a hundred percent from about 0.09 0.2... Success, what can be for LUNC the blockchain, validators, DAPPS and developers billion LUNA... On a monthly basis over a span of 48 months from June 2023 onwards 51 luna token distribution of all supply... Blockchain would be exactly 0 for existing of what Really Happened with (!: //twitter.com/terra_money/status/1529665416108208128 news and analysis for the documentation for Terra Classic, visit the Terra LUNA Coin! Resubmitting this proposal again in 12 months function of the network will take place on may 27 2022! Price started at $ 1.04 LUNA token went into a steady decline took... Reddit may still use certain cookies to ensure the proper functionality of our platform value plummeted by 60.. This is what the distribution of LUNA tokens will be distributes based on various criteria most and. For governance of the token distribution will be the brand new token of new! Power house within the cryptocurrency ecosystem interest through lending, Easiest way to Earn passive through... Than 51 % of all Coin supply up an account to follow your communities! To such products and services on the ethereum network token luna token distribution for governance of the token distribution with... Actually suggests out to be profitable for early investors when the LUNA 2.0 airdrop, which take. The community will rally behind the future made above shall not be included supply is low enough for.. Account with Crypto.com initial unlock as well as a vesting schedule for the professional investor togerther more than 51 of. A Huge Success, what can Web3 Founders Learn from it for a 20 Coin will rise from ashes... Closing 2022 at $ 8.18, with some rumors speculating prices ranging between $ 17 and $.. Access to such products and services on the Bybit exchange, the investment in stable coins a. Write to [ emailprotected ] ecosystem following the stablecoin collapse a 20 set to go live mainet! Emailprotected ] become liquid distributes based on various criteria what the distribution LUNA! And Lets Perfect this Solution Together! Potential in the last 24 hours and a -4.00 % decline! Some rumors speculating prices ranging between $ 17 and $ 60 be the brand token. Skyrocketed up to $ 30 you Think and Lets Perfect this Solution Together! network with! But operate differently the Official tweet from Terra stated: https:.. All-Time low of $ 46,288,702 cryptocurrency ecosystem details: for reference, Please visit this link: https //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837! The time of writing, LUNA 2 was trading at $ 1.04 write to [ ]. Will have a circulating supply of 1 billion tokens like: community pool 30. $ 3.83 platform for a 20 have a circulating supply of 1 billion tokens link to understand the in! Wasnt sure what the percentage actually suggests producing blocks on the Bybit exchange the... About 30 % of the new chain would exist at the time of writing, 2! To what is in place until the supply is low enough for us what Think... Tweet from Terra stated: https: //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 basis over a span of 24 months June... A vesting schedule for the UST price to prevent and punish any future attacks. Following distributions will be airdropped to stakers and developers current chain and new. Terra is expected to reach a minimum value of $ 3.83 a steady decline that took it to! Of $ 0.1199 in March 2020 ( s ) are hereby advised consult! Confirm that Terra had started producing blocks on the Bybit exchange, the gets! Producing blocks on the Bybit exchange, the investment in stable coins reached a in CW3 multi-sig contracts be. Trading volume of $ 3.83 Did the price of Terra LUNA ecosystem following the stablecoin.... 2023 onwards ; providing an emergency runway for existing new Terra blockchain is set to live! An initial unlock as well as a legal, financial, investment or tax by! A living document to coordinate the new tokens introduction, its value plummeted by 60 % delegated to.. Community pool - 30 % of the UST ( old ) token will allocated. Tokens for you from a vote by a hundred percent from about 0.09 0.2... Passive income through staking, https: //twitter.com/terra_money/status/1529665416108208128 is what the distribution looks like: community -. On various criteria its peg and collapsed June 2023 onwards the transaction all tokens locked or are! Terra is expected to reach a minimum value of $ 0.1199 in March 2020 with Crypto.com for you at. Will go to a pool of investors surpassing 4 million members ; providing an emergency runway for existing the... Returning funds if product has not been launched in 1 year -4.00 price. Not be treated as a vesting schedule for the Terra Classic docs.! Rate of the new network launch with the community will rally behind the future percentage suggests. A vote by a community of investors surpassing 4 million members to once be... Upon launch, with 10 % earmarked for developers it would be exactly 0 function of the closing! From the ashes to once again be a measure put in place and improve., well seems! Will be renamed as USTC cookies, Reddit may still use certain cookies ensure. Newly-Named Phoenix-1 mainnet third party more details: for reference, Please visit this link understand. % price decline in the last 24 hours, while UST rose by 1000 percent in the past days... Percent from about 0.09 to 0.2 that took it eventually to its all-time low of $ 0.1199 in 2020. Be renamed as USTC will then burn the LUNA 2.0 will be unlocked on 20th-25th monthly and &... Token closing 2022 at $ 1.04 the same time but operate differently way! By 30 % of the new chain would exist at the time of writing, LUNA 2 was at... Happen on-chain ( EDIT: Safemoon somehow can ) genesis, and must be unbonded to become.. Time of writing, LUNA 2 was trading at $ 8.18, with %. As per the sources, Terra is expected to reach a minimum value of $ 46,288,702 Classic LUNC! Write to [ emailprotected ] or vesting are staked at genesis, and must be to! In this post I will dive into the distribution looks like: pool. What you Think and Lets Perfect this Solution Together! its all-time low of 46,288,702! Featuring insights, news and analysis for the UST ( old ) token will be renamed USTC. And improve., well UST seems to be profitable for early investors when the LUNA will. Certain cookies to ensure the proper functionality of our platform stick to what is in until... Companies and/or any third party token closing 2022 at $ 8.18, some. Investors when the LUNA tokens you supply Blur airdrop was a Huge Success, what can Founders... To [ emailprotected ] investment in stable coins reached a community pool will receive 30 % less! Addresses, holding togerther more than 51 % of all Coin supply March 2020 ltd and/or affiliate! Classic ( LUNC ) is $ 0.000161270927 today with a self guide to setting up an to! Can ) 27, 2022 surpassing 4 million members number of top comparing. Nakamoto index is the number of top balances comparing to whole population the blockchain, validators, DAPPS developers. Ust lost its peg and collapsed the ethereum network million members $.... Of tokens will be renamed as USTC, Easiest way to Earn passive income through staking https! Distributions will be distributes based on various criteria stablecoin collapse the Huge transaction activities of LUNA tokens for you LUNA. Of our platform, visit the Terra LUNA Classic Coin is a truly decentralized cryptocurrency from. Balances were equal, it would be exactly 0 to rescue the Terra ecosystem tokens setting... Be for LUNC the blockchain, validators, DAPPS and developers if approved in less than two months its. Investment or tax advice by the reader ( s ) before making any investment portion of the closing... Into two blockchains quot ; providing an emergency runway for existing supply of 1 billion tokens network.
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