A new era has begun in Terra Luna

Written By Eleman

The expected development took place in Terra Luna. We are here with an article where you can find answers to the questions of what is Luna Airdrop, what is Airdrop coin and what is luna classic.

Luna Airdrop, which has been wondering with its fall in recent days, has started to be a matter of curiosity. A new project for Luna was announced on Twitter by Do Kwon a few days ago. The development that was expected to quickly depreciate and save Luna has finally come true.

What is the Luna Airdrop, what does it do and who will get how many luna classics?

A new era has begun in Terra Luna 1

Luna Coin has decided to re-list with a new name. Asset owners after the new Luna 2.0, which will be released, continue to research what will happen to the new Luna Classic. Well, we decided to cover an article where you can find answers to your questions such as what is the Luna Airdrop, what is the Airdrop coin.

What is Airdrop?

Airdrop is the distribution of a cryptocurrency token or coin to a large number of digital wallets, usually for free. Airdrops are primarily implemented as a way to gain attention and gain new followers, resulting in a larger user base and wider use of money.

What happens after the Luna airdrop?

Airdrops aim to leverage the network effect by engaging existing holders of a particular blockchain-based currency, such as Bitcoin or Ethereum, in their own currency or project.

Facebook has also done what is called an airdrop with its own digital currency Libra, giving out small amounts of money (to people) for free to start its ecosystem.

In the United States, the issue of practice, tax liabilities and whether they are income or capital gains has been raised. On the other hand, Cool Valley Mayor Jayson Stewart, located in the US state of Missouri, announced that they are preparing to make Bitcoin AirDrop in 2021. With AirDrop, a thousand dollars worth of Bitcoin will be given to each of 500 households in the city.

Ripple’s XRP, which has doubled in value in recent weeks – the third largest cryptocurrency after Bitcoin and Ethereum – has announced that it will support the airdrop from December 12, 2020.

Uni, Ont and 1inch are examples of recent and winning Airdrops. In December 2020, DEX distributed 90 million 1INCH coins to over 55,000 addresses. To be eligible to earn coins, an address must have traded at least $20 or four transactions prior to the day of the airdrop. At launch, the price of 1INCH was around $2.7. Fast forward to April 2021 and the coin was trading above $6.

A new era has begun in Terra Luna 3

How much airdrop will Luna owners get?

  • LUNA before the attack- 1:1.1
  • Pre-attack UST- 1: 0.033
  • LUNA after attack- 1:0.000015
  • Post-attack UST- 1: 0.013

May 7 and 27 will be a milestone. If UST and LUNA buyers before May 7th will be considered pre-attack purchases and will receive more airdrops. Those who bought UST and LUNA until the snapshot to be taken on May 27, will have less airdrop entitlement because they bought at a much lower number after the attack.

What will happen to the old Terra Luna if the new Luna 2.0 comes out?

Terra Luna decided to mine Terra 2.0 by performing a salvage operation instead of the old coin. It will be published on Binace. Well, what will happen to the old Lunas, will the wallet be reset and how many new lunas will be given, we have mentioned above.

Allegedly, the old Lunas will be changed under the new name Luna 2.0. Users will start seeing it in their accounts as LUNAClasic. According to another claim, the “Terra Revitalization Project” has been accepted by the community, according to which an airdrop of 1 to 1 will be made for $LUNA held in wallets before May 7, and 1 to 0.0000015 for $LUNA received after the collapse.

Terra or Terra Luna, a cryptocurrency. Terra is known as a blockchain protocol pegged to fiat currencies to power fixed-price global payment systems. You can have more detailed information in our article about what Terra Luna is.

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