Luna 2.0 Airdrop – How To Get Luna 2.0 Airdrop
After the UST de-pegging crisis that has influenced the price of Luna token to drop drastically over the past two weeks, there’s been a proposal by the Luna founder Do Kwon – which was meant to be a recovery plan for the Luna ecosystem tagged as Luna 2.0.
The revival plan was to create the fork of the existing blockchain – and name the new chain Luna classic while the old chain Terra classic.
According to the revival plan, the new chain will launch with no stablecoin (UST), but a new Luna token – which will be capped at 1billion total supply only.
However, there would be Luna 2.0 airdrop for the UST investors that had been holding UST and Luna before the massive crash.
Before I share with you – the details of the Luna 2.0 airdrop, let’s get the details of the Terra Luna as per Coinmarketcap.
What Is Terra (LUNA)?
Terra (LUNA) crypto currency token logo on coin technology themed design.
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights basket of currencies — and it intends to roll out additional options.
Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.
Luna 2.0 Launch Date
The Luna 2.0 launch date is expected to be on May 27, the new chain may probably go live on that date – as that’s also the genesis block of the previous (old) Luna.
Luna 2.0 Airdrop
Just as the plan to make the new chain a community-driven ecosystem, all the 1 billion new Luna 2.0 tokens will be airdropped to the old chain investors that got affected by the massive crash of Luna and UST.
Like I mentioned earlier, the new chain will only have Luna token created with 1 billion total supply – and there won’t be any algorithmic stablecoin created anymore.
How To Get Luna 2.0 Airdrop
According to the recovery plan, all UST and Luna investors can get the Luna 2.0 airdrop; the new token will be all sent to their wallets – and those who are qualified to receive the token are as follows:
- Pre-attack Luna holders: 35%
- Post-attack Luna holders: 10%
- Pre-attack aUST holders: 10%
- Post-attack UST holders: 15%
- Community Pool: 30% (with 10% for developers).
Even though some of the community are not pleased with this recovery plan, it seems to be the major step to take to end the Luna crisis as many of the Luna validators have approved the proposal.
However, the Binance CEO and other elites have been criticizing Luna founder regarding his plan for recovery of the Luna ecosystem.
The Luna founder was asked to buy back the token in circulation and burn – but that might not be possible as the current circulating supply is quite huge, thus; there’s no other option than fork.