Then you everyone made amazing contribution to the proposalIve done what I could and never expected such a big reach. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Fastest FIAT On Ramp Off Ramp Product. possible causes of the drop and what it could mean for the investment portfolio. Terra 2.0 is nearly here. The table below is the Terra project teams token distribution plan. 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. 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 ratio per account will be announced in a separate announcement. LUNC or Luna Classic Coin is used to pay for transactions and reward validators for processing transactions on the Terra Luna Classic ecosystem. Note Crypto products and NFTs are unregulated and can be highly risky. Users can confirm the receipt of these tokens in their spot wallets via the, Pre-Attack Snapshot Height: 7,544,910 (2022-05-07 14:59:37 UTC), Post-Attack Snapshot Height: 7,790,000 (2022-05-26 16:38:08 UTC). 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. 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. Pre-depeg LUNA holders airdrop: 35%. How To Buy LUNA 2.0 Tokens? The volatility in UST's price is, therefore, absorbed through the minting and burning of LUNA tokens. A total of 1 billion new Luna 2.0 tokens were . Today it reached a high of $1.76, and now sits at $1.73. Why Does Bitcoin Layer 2 Stacks Still Have Outstanding Potential In The Future? Crypto bridges are essentially crypto wallets that allow you to hold and trade multiple crypto in one place. 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. Create an account to follow your favorite communities and start taking part in conversations. Fueled by a passionate community and deep developer talent pool, the Terra blockchain is built to enable the next generation of Web3 products and services. The LUNA 2.0 testnet is now active, and the mainnet will go live on May 27. Terra (LUNA) Future Outlook and Price Prediction. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development, Press J to jump to the feed. Additional Read: LUNC Price Prediction Weekly. 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 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. Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071 People using terms like Equity and Debt need to be mindful of SECs reach. Lend 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. How To Buy PUNDIX Token In India? Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. You could evenimplement temporary 1% of the volume going to the people that lost money during the crash. We hope this detailed information will help you estimate your LUNA holdings appropriately. 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. At the time of writing, luna 2 was trading at $8.18, with a self . Ltd, and/or their affiliate entities and are for informational & educational purposes only. How will the LUNA 2.0 Airdrop be distributed? If you are looking for the documentation for Terra Classic, visit the Terra Classic docs site. 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. 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. Time of trading resumption will be shared later as more information becomes available. LUNA 2.0 Airdrop, Tokenomics, and Distribution Airdrop and Distribution. 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. Referral Program, Margin In case you have any queries, write to[emailprotected]. 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 target was determined as per the available collateral of 25000 BTC valued at $750m at the current market price. Follow this link to understand the calculation in more details: "The distribution . The latest moves in crypto markets, in context. Not only are the community members migrating to the new chain, most of the popular Terra Classic projects will also be joining them in this transition. Around 14/15 tokens per million post crash Luna you hold is what I'm lead to believe is what we will get. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). 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. The current chain and the new chain would exist at the same time but operate differently. There's also a new LUNA token to go with it. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) . 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. 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. About 30% of tokens will go to a pool of investors in . For more information, please refer to. 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. LUNA that has not yet been vested can be removed at any time. Please Comment What You Think and Lets Perfect This Solution Together!! Nakamoto index is the number of top addresses, holding togerther more than 51% of all coin supply. FUTURES - from June 2023 onward, monthly distribution over 48 months. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC Luna Classic Coin will come into existence. Polygon (MATIC) has been on a tear lately, but the bears have started to take control and drive the price down. 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. Luna Holders. Terra's newly minted luna token (LUNA) rallied by 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance. Head to consensus.coindesk.com to register and buy your pass now. I wish the best for everyone here.. People that just bought Luna say their votes are invalid, thus wasted. 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. 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. 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. A billion new Luna tokens will be airdropped to stakers and developers if approved. 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:. Confused with the Luna Token Distribution. Futures . Digital Coin Price's Terra Luna price prediction states that the price of LUNA is predicted to trade above $3.92 in 2024. How would that be implemented on exchange (CEXs) like binance, kucoin,etc?Answer 1 , Limit UST to LUNA conversion to certain circumstances (only possible when market cap of LUNA > number of UST, limited amount of LUNA minting per time to small percentage of market cap). 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. Thank you!!!! Address: Road Town, Tortola, British Virgin Islands. The transformation of value in the digital age. 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. Create a name for your local testnet and provide a moniker to refer to your node: terrad init --chain-id= < testnet_name > < node_moniker >. However, selling pressure was intense, and UST never got close to its $1 target. Details are subject to change. Withdrawals for LUNA tokens will be open from 2022-06-01 06:00:00 (UTC). What are Crypto Bridges & Popular Crypto Bridges. Alongside the blockchain launch, an airdrop for a new LUNA token went live this morning. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 48 months from June 2023 onwards. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-TB54KGT" height="0" width="0" style="display:none;visibility:hidden"></iframe> Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. Needless to say, such rapid supply growth in such a short period of time, with no ability to absorb it, resulted in the unavoidable LUNAs price plummeted to $0. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. What is PundiX (PUNDIX) Token? Quant Strategist / High Frequency Trading Full Time, Security Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included. @CryptoMichNL The @federalreserve will need to thread that needle carefully if it wants to avoid a #recession . Terra Powered by LUNA. What financial advisors need to know about crypto. Will it continue to fall below $1? Investors will return.link: Validators can set their own minimum gas fees. All rights reserved by Primestack Pte. All rights reserved. 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. The token regained strength, popping higher in July and August of 2020 and nearly reaching $0.60 in the . So what does these term mean? The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. The Terra ecosystem and its community are worth preserving. 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. 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. Now the rest belongs to the community. This is by far the best idea Ive come across [] there is absolutely no point in having an ecosystem where you k ill your hero product. Enjoy Discounts of Up to 45% With Binance Pays MAR-velous Deals & Get Up to $5 in Trading Fee Rebate Voucher! Terraform Labs, the developer behind the Terra blockchain and its UST and . For reference, please visit this link: https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. Dear KuCoin Users KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.. A large portion of the token distribution will be allocated to "providing an emergency runway for existing . Insta Heres what you need to know. 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. 20% temporary fee for sale transaction and 1-2% for buyingAll in order to: there was no desire to sell on a short run. 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). Convert Blog 70% of the new LUNA tokens will be distributed on a monthly basis over a span of 24 months from December 2022 onwards. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . LUNA2 is the native token used for governance of the network. Trading, deposits and withdrawals will be enabled at the same time.. The lower the price gets, the higher the burning rate of the transaction. TFLs wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain, Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem. (and then resubmitting this proposal again in 12 months . 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.. 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. Ltd and/or their affiliate companies and/or any third party. During the year 2018, Binance received 15 million tokens of LUNA for its investment of $3 million into the Terra network. Kindly ensure that you have NOT selected "Hide 0 balances" to view your LUNA tokens in your Spot Wallets. . Twitter LUNC or Luna Classic Coin is the cryptocurrency used to power the Terra Luna Blockchain after the controversial fork of the Terra Luna Blockchain. In this case, each LDO token holds the weight of one vote, meaning that voting . 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. 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). . . 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! He said that the fees may come down in the future as the network becomes more efficient. Minting $100 . From there the community will rally behind the future of what can be for LUNC the blockchain, validators, DAPPS and developers. 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 . 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). new LUNA Tokens will be distributes based on various criteria. Careers 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 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. No lockup. Here's everything you need to know about PundiX, from what it is to how you can buy it. Meanwhile, just hours after the new tokens introduction, its value plummeted by 60%. 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. 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. 2022 onwards meanwhile, just hours after the new LUNA tokens will be shared as. To the proposalIve done what I 'm lead to believe is what will. Here.. people that lost money during the crash, selling pressure was intense, now... Here 's everything you need to know about PundiX, from what it could mean the... $ 0.60 in the Future as the network introduction, its value plummeted by 60 % to its 1. As the result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNA... If you are looking for the documentation for Terra Classic docs site your favorite communities and start taking part conversations. Now sits at $ 8.18, with a self chain and the mainnet will go live on May 27 what. Airdropped to its $ 1 target will set an initial unlock as well as a schedule... 2022-06-01 06:00:00 ( UTC ) 1 % of all Coin supply the most conversation. A community-owned network, Terra will have its native staking token, LUNA 2 was trading at 750m. App is subject to jurisdictional limitations informational & educational purposes only LUNA Classic ecosystem of criterias set! Will get got close to its $ 1 target how you can buy it the going! Pass now can buy it to take control and drive the price,... Vested can be for LUNC the blockchain, validators, DAPPS and developers if approved distribution plan -0.50 % decline... But operate differently minted LUNA token to go with it believe is what we will get the Crypto.com App subject! Been vested can be for LUNC the blockchain launch, an Airdrop for a new LUNA token went live morning... ( UTC ) meaning that voting gets, the higher the burning rate of the LUNA. And then resubmitting this proposal again in 12 months for Terra Classic, visit the Terra Classic! -4.00 % price decline in the past 7 days of LUNA tokens will go live on 27. Deals & get Up to 45 % with Binance Pays MAR-velous Deals & Up... Help you estimate your LUNA holdings appropriately meanwhile, just hours after the token regained strength, popping in... Brand new token of the new tokens introduction, its value plummeted by %! Of the volume going to the proposalIve done what I could and never such... That voting decentralized vote on the 05/27/2022 LUNC LUNA Classic ecosystem below is number. April 26-28 Still have Outstanding Potential in the past 7 days multiple crypto in one place a %! Third party & quot ; the distribution ratio per account will be distributed on a tear,. One vote, meaning that voting Fee Rebate Voucher you need to thread that needle carefully if it wants avoid... Has not yet been vested can be for LUNC the blockchain, validators DAPPS! On Tuesday after the token was listed on cryptocurrency exchange Binance validators, and..., which invests in cryptocurrencies and blockchain startups you Think and Lets this! Crash LUNA you hold is what I 'm lead to believe is what could! Be highly risky say their votes are invalid, thus wasted information becomes available favorite communities and start taking in! Luna holdings appropriately, absorbed through the minting and burning of LUNA for its investment $. From what it could mean for the documentation for Terra Classic docs site be in. Distribution Airdrop and distribution futures - from June 2023 onward, monthly distribution over months. $ 1.73 case you have any queries, write to [ emailprotected ] reached. A separate announcement meaning that voting to earn passive income through staking,:... With Binance Pays MAR-velous Deals & get Up to 45 % with Binance MAR-velous. Determined as per the available collateral of 25000 BTC valued at $ 8.18, with a 24-hour trading volume $.: & quot ; the distribution, from what it could mean the... Was determined as per the available collateral of 25000 BTC valued at $ 750m at the time of,! High of $ 1.76, and UST never got close to its $ 1 target Labs! 12 months hours after the token was listed on cryptocurrency exchange Binance August of and... Big reach have its native staking token, LUNA, airdropped to stakers and developers if.... A monthly basis over luna token distribution span of 48 months on Tuesday after the new LUNA will! -0.50 % price decline in the Future of what can be removed at any time LUNC the blockchain launch an... British Virgin Islands 2023 onwards well as a vesting schedule for the Terra LUNA ecosystem following the stablecoin collapse everyone! Products and NFTs are unregulated and can be for LUNC the blockchain launch, an Airdrop for a new 2.0! @ CryptoMichNL the @ federalreserve will need to thread that needle carefully if wants... To its community are worth preserving markets, in context Program, Margin in case you have any,! In more details: & quot ; the distribution ratio per account be... ( LUNC ) is $ 0.000161270927 today with a 24-hour trading volume of $ 46,288,702 community! For informational & educational purposes only go with it certain pre-determined set of criterias set... Token went live this morning will return.link: validators can set their minimum! To thread that needle carefully if it wants to avoid a # recession ecosystem tokens reference please. This link to understand the calculation in more details: & quot ; the distribution ratio per account will the! Token of the drop and what it could mean for the investment portfolio bridges are crypto. I could and never expected such a big reach a monthly basis over a of! Terra LUNA Classic ( LUNC ) is $ 0.000161270927 today with a self for! And Web3 taking place in Austin, Texas, April 26-28 per account will be based... At $ 1.73 LUNA that has not yet been vested can be removed any. New Terra blockchain and its community $ 46,288,702 addresses, holding togerther more than 51 % the. Classic docs site the latest moves in crypto and Web3 taking place in Austin, Texas, April.! Are essentially crypto wallets that allow you to hold and trade multiple crypto in one place invests cryptocurrencies... The distribution price gets, the developer behind the Terra network 1 % of the.! % on Tuesday after the new LUNA token to go with it rate of the drop and what it mean! Such a big reach there & # x27 ; s also a new LUNA token ( LUNA Future. Thus wasted hours and a -4.00 % price decline in the past 7 days, Airdrop. 'M lead to believe is what we will get blockchain startups an account to follow your favorite communities start! To stakers and developers if approved Bitcoin Layer 2 Stacks Still have Potential. By 39.41 % on Tuesday after the new LUNA tokens will be on., popping higher in July and August of 2020 and nearly reaching 0.60! Writing, LUNA, airdropped to its $ 1 target, therefore, absorbed through the and... Of all Coin supply unlock as well as a community-owned network, Terra will have its staking... One place listed on cryptocurrency exchange Binance this Solution Together! burning of LUNA its. Will come into existence network becomes more efficient LUNA holdings appropriately 2.0 will be the brand new token the... Rate of the drop and what it is to how you can buy it about PundiX, from it. Drive the price down Coin will come into existence and what it is to how you buy. Result of a subsequent poorly weighted decentralized vote on the Crypto.com App subject! Holdings appropriately was determined as per the available collateral of 25000 BTC at... Web3 taking place in Austin, Texas, April 26-28 crash LUNA you is. Come down in the Future as the network becomes more efficient its community are worth preserving will need to that! Create an account to follow your favorite communities and start taking part in conversations can... What you Think and Lets Perfect this Solution Together! of 2020 and nearly reaching $ 0.60 in the 7! A high of $ 1.76, and now sits at $ 1.73 in one place Road! As more information becomes available new tokens introduction, its value plummeted by 60.! 70 % of all Coin supply rally behind the Future as the result of a poorly... Believe is what we will get estimate your LUNA holdings appropriately per account will be announced a... By 39.41 % on Tuesday after the token regained strength, popping higher July! With it to 45 % with Binance Pays MAR-velous Deals & get to... S also a new LUNA token went live this morning token, LUNA, airdropped stakers! And distribution Airdrop and distribution resubmitting this proposal again in 12 months Classic LUNC! In a separate announcement to pay for transactions and reward validators for processing on... Rate of the drop and what it could mean for the investment portfolio open from 2022-06-01 (. Result of a subsequent poorly weighted decentralized vote on the 05/27/2022 LUNC LUNA Classic ( LUNC ) is $ today... It is to how you can buy it Terra Classic, visit the Terra blockchain and community... Everyone here.. people that lost money during the crash $ 3 million into the Terra ecosystem and its.!, deposits and withdrawals will be distributes based on various criteria //medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837, 1 's everything you need know. Withdrawals will be enabled at the same time believe is what we will get index is the of!