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LUNA 2.0 LAUNCHING MAY 27, 2022 #bitcoin #cryptocurrency #defi
Updated
Exchanges Supports:
Birtue to be the first exchange to launch
LUNA 2.0 trading on May 27, 2022.
MEXC exchange to buy back & burnLUNA using LUNA/USDT spot trading fees.
Huobi exchange confirms support for Terra on theLUNA 2.0 recovery plan.
Terra Ecosystem Revival Plan 2 [AMENDED]
This will be a living document to coordinate the new network launch with the community. Details are subject to change.
This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL.
Exchange integration, dapp migration, and validator guides have been added to “Technical Details”.
Disclaimer : Please be aware that due to technical constraints, it is not possible to include all UST and LUNA holdings on Terra and other chains in the snapshots mentioned. Assets that may not be included:
UST or LUNA bridged off of Terra
Users with bridged UST or LUNA who would like to be included in the post-attack snapshot need to bridge back to Terra before the snapshot is taken.
UST or LUNA on Terra protocols that cannot be easily identified
All protocols listed on DeFi Llama here (Terra TVL - DefiLlama 7.2k) will be covered, in addition to a few others that are known.
UST or LUNA on CW3 multi-sig contracts
Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases.
==== Amendment #1 ====
Some details of the token allocation have been modified in the proposal to accommodate community feedback - changes and reasoning outlined here. The proposal body has also been edited to reflect the changes in the amendment. If you’ve already voted and disagree with the changes, please vote “No” - you have 5 more days to do so.
Pre-attack Luna holders distribution - for all holders with a snapshot balance of 10k Luna or less, 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 mnth cliff. This is to ensure that small Luna holders have similar initial liquidity profiles. This would cover 99.81% of Luna wallets while only representing 6.45% of total Luna at the Pre-attack snapshot.
Post-attack UST holders distribution - 20% → 15%. This is to ensure that depeg related allocation is on par with the original stakeholder (pre-attack Luna) allocation. The 5% saved goes to the community pool.
Increase initial float: all initial float allocations modified from 15% → 30% to increase initial token float.
Do not forget the historical wise saying, "Never invest more than you can afford to lose."
Not a financial advise, I suggest using this only as a guide - Do your own research.
If you have any questions, kindly write in comments below - I will answer them.
Kindly support this idea with your like and comment, thank you.
Birtue to be the first exchange to launch
LUNA 2.0 trading on May 27, 2022. MEXC exchange to buy back & burn
LUNA using LUNA/USDT spot trading fees.Huobi exchange confirms support for Terra on the
LUNA 2.0 recovery plan.Terra Ecosystem Revival Plan 2 [AMENDED]
This will be a living document to coordinate the new network launch with the community. Details are subject to change.
This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL.
Exchange integration, dapp migration, and validator guides have been added to “Technical Details”.
Disclaimer : Please be aware that due to technical constraints, it is not possible to include all UST and LUNA holdings on Terra and other chains in the snapshots mentioned. Assets that may not be included:
UST or LUNA bridged off of Terra
Users with bridged UST or LUNA who would like to be included in the post-attack snapshot need to bridge back to Terra before the snapshot is taken.
UST or LUNA on Terra protocols that cannot be easily identified
All protocols listed on DeFi Llama here (Terra TVL - DefiLlama 7.2k) will be covered, in addition to a few others that are known.
UST or LUNA on CW3 multi-sig contracts
Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases.
==== Amendment #1 ====
Some details of the token allocation have been modified in the proposal to accommodate community feedback - changes and reasoning outlined here. The proposal body has also been edited to reflect the changes in the amendment. If you’ve already voted and disagree with the changes, please vote “No” - you have 5 more days to do so.
Pre-attack Luna holders distribution - for all holders with a snapshot balance of 10k Luna or less, 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 mnth cliff. This is to ensure that small Luna holders have similar initial liquidity profiles. This would cover 99.81% of Luna wallets while only representing 6.45% of total Luna at the Pre-attack snapshot.
Post-attack UST holders distribution - 20% → 15%. This is to ensure that depeg related allocation is on par with the original stakeholder (pre-attack Luna) allocation. The 5% saved goes to the community pool.
Increase initial float: all initial float allocations modified from 15% → 30% to increase initial token float.
Do not forget the historical wise saying, "Never invest more than you can afford to lose."
Not a financial advise, I suggest using this only as a guide - Do your own research.
If you have any questions, kindly write in comments below - I will answer them.
Kindly support this idea with your like and comment, thank you.
Note
Binance confirms support for LUNA 2.0 in this response "We are working closely with the Terra team on the recovery plan, aiming to provide impacted users on Binance with the best possible treatment. Stay tuned for further updates."
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