Terra 2.0, the new blockchain, officially launched on the 28th of this month, generating its first block and initiating continuous LUNA airdrops. This upgrade renames the old chain as Terra Classic (token: LUNC) while retaining Terra (LUNA) for the new chain.
👉 Explore Terra 2.0 updates on OKX
Key Change: Terra 2.0 has removed the algorithmic stablecoin UST mechanism. Founder Do Kwon emphasized that Terra’s ecosystem now takes precedence over UST.
LUNA Airdrop Allocation
Eligible crypto wallets holding aUST, LUNA (LUNC), or UST (USTC) during pre-/post-attack snapshots received LUNA tokens based on these ratios:
| Snapshot Timing | Airdrop Ratio |
|---|---|
| Pre-Attack | Higher allocation |
| Post-Attack | Reduced allocation |
Verify snapshot timing using Terra’s official guidelines.
Exchange Listings and Trading Updates
Binance
- LUNA Airdrop: Follows Terra’s allocation plan; exact distribution time pending.
LUNC/USTC Trading:
- 30 May 2022, 09:30 UTC: LUNC/BUSD, USTC/BUSD spot trading resumes.
- 30 May 2022, 09:45 UTC: Deposits/withdrawals reopen.
FTX
- LUNA Airdrop: Completed by 31 May 2022, 08:30 UTC (token code: LUNA2).
- LUNC/UST Trading: Paused since 26 May 2022, 12:00 UTC; no relaunch announced.
Other Exchanges:
- Gate.io, Bybit, and MEXC have released LUNA airdrop plans.
- Gate.io reported LUNA peaking at $17.73 post-launch before a 63% drop within 24 hours.
Market Performance (24-Hour Snapshot)
| Token | Price Change | Trading Volume |
|---|---|---|
| LUNC | -32% | $106M |
| USTC | -32% | $19.8M |
Claiming Airdropped LUNA
- Terra Station Browser Extension: Select Mainnet to view airdrops.
- IBC Users: Create a Terra Station wallet with the same ledger; follow on-screen prompts.
Lockup Details:
- Initial airdrop: 30% of total supply.
- Remaining 70% staked with validators for security, unlocked linearly over 2 years (6-month cliff).
FAQs
1. How do I check my LUNA airdrop eligibility?
- Access Terra Station via browser extension and connect your wallet.
2. Will old LUNC/USTC tokens retain value?
- Trading continues, but prices are volatile; Terra 2.0 focuses on the new LUNA.
3. When will all airdropped LUNA be fully unlocked?
- The 70% staked portion unlocks progressively over 24 months.
👉 Stay updated on Terra 2.0 developments here