Airdrop news for Terra (LUNA) investors. According to the transfers, separate rates will be airdropped to those who bought the coin before the collapse of LUNA and those who bought it after. Here are the details…
Many exchanges support the LUNA airdrop
Cryptocurrency exchanges Huobi, Binance and Bybit are willing to cooperate with the Terra team to launch their new chains without an algorithmic stablecoin. they stated. The firm made the announcement within an hour, with Huobi tweeting, “#Huobi supports the launch of #LUNA 2.0 on May 27. Are you ready for “LUNA Rebirth”? Huobi had listed Terra late last year.
Binance previously made trades impossible by suspending trades after validators paused the Blockchain, but after Terra’s announcement, a tweet said. te said, “The Terra community just voted for the ‘Rebirth Terra Network’. The plan aims to provide affected users with the best possible treatment on Binance. Stay tuned for more updates.”
How will the airdrop distribution be?
Terra’s algorithmic stablecoin UST lost the dollar peg earlier this month. At the same time, its sister cryptocurrency LUNA crashed. Following the Terra crash, a new proposal has been made by founder Do Kwon to create a new Blockchain that will see the original Luna token rebranded as LUNA Classic (LUNAC), a new token, LUNA, will run on a new Blockchain. Without an algorithmic stablecoin. The original UST will remain on the Terra Classic Blockchain.
Thirty percent of the new LUNA will be airdropped to a community pool managed by stake LUNA Classic tokens. At the same time, 35 percent will go to “pre-attack LUNA owners, 10 percent pre-attack UST owners, 10 percent post-attack Terra owners, and 15 percent post-attack UST owners. A screenshot will be taken at Terra Classic block 7544910, and a post-collapse snapshot will be taken at block 7790000. To wallets with less than 10,000 LUNA, 30 percent of the airdrop will be distributed initially, with the remaining 70 percent sent over the 2-year period. After a 1-year waiting period, crypto money will be sent to wallets with 10 thousand and 1 million LUNA within 2 years. Wallets with more than 1 million LUNA will receive airdrops over a 4-year period.
Kwon asked developers to announce their new Blockchain support. HERO, a developer pushing NFTs on Solana and Terra Classic, Spectrum Protocol, a yield optimizer in Terra Classic, Terra Name Service offering .ust domains, and Falcon Wallet, a multi-chain Web 3.0 wallet, confirmed the support of the developer ecosystem .
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