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LUNA Airdrop Eligibility Dependent on Variety of Factors

LUNA Airdrop Eligibility Dependent on Variety of Factors Altcoin News
  • As part of the transition to Terra 2.0, LUNA coins will be airdropped to LUNC, USTC, and aUST holders based on the two snapshots outlined in the Terra Ecosystem Revival Plan.
  • The amount of LUNA investors will be eligible to receive will be determined by a variety of factors.
  • Most of Terra Classic’s popular projects will be joining the migration of the community to the new chain.

In a Twitter post on May 28, Wu Blockchain reflected on Terra 2.0 and the LUNA airdrop. The post stated ‘as part of the transition to Terra 2.0, LUNA coins will be airdropped to LUNC, USTC, and aUST holders based on the two snapshots outlined in the Terra Ecosystem Revival Plan. The calculation logic for the LUNA airdrop will be the subject of this post.”

The amount of LUNA investors will be eligible to receive will be determined by the types of tokens they held on the Terra Classic chain, the time period that they held these tokens (based on the Pre- Attack and Post- Attack snapshots), and quantity of tokens held.

Below are the airdrop ratios to determine the LUNA to be airdropped to a wallet on Terra 2.0 if the wallet held aUST, LUNA (now called LUNC), or UST (now called USTC) during the Pre- and Post-Attach snapshots.

LUNA Airdrop Ration
LUNA Airdrop Ration (Source: Twitter)

This means that if a person held 1 LUNA during the Pre – Attack snapshot, the user would be entitled to an airdrop of 1.034735071 LUNA on the new chain.

Here are the exchange rates for each liquid staking derivative of LUNC for both the Pre- and Post- Attack snapshots.

Exchange Rates to LUNC
Exchange Rates to LUNC (Source: Twitter)

The new Terra network will inherit the deep developer pool and committed LUNAtic community that turned Terra Classic into the second largest smart contract blockchain right behind Ethereum.

Most of Terra Classic’s popular projects will be joining the migration of the community to the new chain. These projects include Astroport, Prism, RandomEarth, Spectrum, Nebula and many others.

Danielle has a post graduate degree in Criminology. She is an active investor in the crypto space and is on a mission to learn more and share what she learns with the community.