What is Terra Luna 2.0 | Terra Luna 2.0 Token Distribution

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What is Terra Luna 2.0,erra Luna 2.0 Token Distribution

Terra 1.0 or Terra classic just shows you how volatile a token could be. Even a top 10 cryptocurrency can be extremely volatile and lose millions and billions of dollars. When you’re going into a Terra Luna 2.0 and you’re going to be buying into these projects or you decide to add something to your portfolio. Just know that tomorrow you could wake up and all that could be gone. You could think that Terra Luna 2.0 the best token in the world. Invest in Terra Luna 2.0 Using Binance and Coinbase.

What is Terra Luna 2.0

Terra Luna 2.0 is the proof of stake coin powering the new Terra blockchain. You have Luna classic or Terra classic and then you have the new luna which is going to be powering the Terra Luna 2.0 blockchain. There are two different tokens and there are two different blockchains.

One thing about the Terraform ecosystem that we’re in right. Terra Luna 2.0 ecosystem is that there are two blockchains. Terra Luna 2.0 is just terra 1.0 without the terra USD Stablecoin. A lot of people were looking into saying canter 2.0 be successful. Terra Luna 2.0 was the second largest smart contract blockchain behind Ethereum before it came crashing back down. Terra 2.0 is just terra 1.0 without the Stablecoin. Read more What is Web 3.0 | Web 3.0 Technology

Terra Luna 2.0 Token Distribution

Terra Luna 2.0 Token Distribution find in the terra ecosystem revival plan. For all the new Terra Luna 2.0 that will be airdropped, 30 will be reserved for the community pool and this will be controlled by staked governance. This can be used by the protocol in numerous ways and 10 of which will be earmarked for developers. Then the pre-attack luna includes all people that held luna on the pre-attack snapshot date which was on the 7th of May 2022.

35 of the new Terra Luna 2.0 will be distributed to the pre-attack luna holders 10 to pre-attack UST holders that are people that were using anchor protocol to get yields on their UST. Post-attack snapshot will be taken on the 27th of May. 10 of the tokens will be distributed to post-attack Terra Luna 2.0 holders and 15 to post-attack UST holders. Read more about What is Solana Coin.

Terra Luna 2.0 Airdrop

When will we receive Terra Luna 2.0 Airdrop?. We’ll get the first Terra Luna 2.0 Airdrop at genesis. Genesis is when the first block of the new blockchain will be created and this is estimated to be on may 27th May We will receive 30 of the Terra Luna 2.0 Airdrop then so when do we get the remaining 70 well after six months.

The remaining Terra Luna 2.0 Airdrop will be vested. You will get it at the same wallet address throughout depending on how much luna you’re eligible to receive. A period of two years after the six months cliff. We can make a simulation on how much new Terra Luna 2.0 Airdrop. Terra Luna 2.0 Airdrop ratios are estimations and can only be finalized when the block height of the post-attack snapshot is reached.Read more about What is Initial Coin Offering(ICO) 

Conclusion

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