Terra has announced an upcoming airdrop of its new native token, Terra 2.0, which will be distributed to Terra Luna Classic and Terra USD Classic token holders. Holders of these tokens who held them at previous snapshot dates, May 22nd being the first, are eligible to receive these tokens. Exchanges such as Binance, FTX, Crypto.com, and Kucoin are supporting the airdrops. Terra’s revival plan includes a buyback and burn scheme, an airdrop, and a listing with multiple exchanges. The vesting period for the new tokens ensuing from the airdrop could last up to six months.
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All About Terra 2.0 Air Drops and Luna Classic
If you’re into cryptocurrency, you might want to check out the latest update on Terra 2.0 air drops and Luna classic. In today’s video, we’ll go through the details on the air drops, distribution model, and more.
Live Stream and Q&A Session
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Exchanges Backing Terra 2.0
The Revival Plan by Terra 2.0 has garnered support from exchanges such as Binance, FTX, Crypto.com, Koo coin, and many others. Yesterday, they announced the snapshots are over, and exchanges are backing Terra 2.0 via airdrops, buyback, and burn. If you’re holding Luna classic or UST classic, you may qualify for new tokens.
Details on Airdrop of New Native Token
Terra announced details on the airdrop of their new native token and blockchain called Terra 2.0. Luna classic, now trading under the name LUNA TARA USD, and Anchor Protocol UST holders may receive tokens. The new Lodo token distribution model includes 30% for the community pool, 35% for Luna holders before the crash and the ecosystem, 10% for pre-crash anchor staked UST holders, 15% for post-crash UST holders, and 10% for post-crash Luna holders.
Vesting Period and Distribution
The distribution of the new tokens is subject to a vesting period lasting up to six months. This means users won’t receive their tokens instantly on May 27th, and will have to wait for the complete vesting period. Users who held through the entire period are entitled to pre and post-crash allocation.
Listings on Major Exchanges
The new Terra 2.0 Luna token will be distributed to eligible users based on the project’s distribution plan. Binance is expected to list this new token on May 30th. Crypto.com and Kucoin, among others, also support Luna. So, don’t forget to stay updated as the crypto market moves quickly.
Final Thoughts
If you held any of these tokens before or within the last few days, pay attention to your wallet as Luna 2.0 launches. While the details can be confusing, there is potential in this massive event. What do you think of Terra 2.0 air drops and Luna classic? Are you excited to get something back for your loyalty? Let us know in the comments below!
