icon - Terra
LUNA Terra
$ 1.30941851
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 137
    $ 1.30941851
    $ 312,851,663
    $ 111,091,702
    238,924,118 LUNA
What is Terra 2.0?
The Terra protocol emerged from Terra Classic. Terra Classic is a stable coin. The UST token crashed in a bank run in May 2022.
The development of Terra Classic began in January of last year. It tried to combine the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin and offer fast and affordable settlements through its UST stable coin.
The legacy of Terra Classic continues with the new Terra blockchain. Terra Classic was up to second place in total value locked (TVL) at its peak, thanks to the help of the LUNA community.

Who are the founding fathers of Terra?
Daniel Shin and Do Kwon founded Terra. The two conceived of the project as a way to drive the rapid adoption of the technology through a focus on price stability and ease of use.
Shin co-founded and headed Ticket Monster, a major South Korean e-commerce platform.
He was the CEO of Anyfi, a startup that provided wireless mesh networking solutions.
The hard fork of Terra Classic and Terra was caused by Do Kwon's revival plan. He was criticized for his plans by Changpeng Zhao and Vitalik Buterin.

Terra 2.0 is unique.
Terra will not have its stable coin UST, but it will still have hundreds of developers working on different applications. Luna Classic stakers, holders, residual UST holders and essential Terra Classic app developers will receive the LUNA token.
According to two snapshots taken before and after the Terra Classic crash, the airdrop will be carried out.
The assets were held on the May 7 snapshot.

The Luna Classic includes staking derivatives. UST deposited in anchor is less than 500k aUST.
The assets were held on the May 27 snapshot.

The Luna Classic includes staking derivatives. It's UST.
Pre-attack users with less than 10k LUNA, and post-attack users with any quantity of LUNA, will be the first to receive 30% of the LUNA airdrop.
The vested LUNA will be staked to Terra validators. Users are subject to a six-month cliff if they change their delegator and earn staking rewards on their vested LUNA.

Pages that are related
One of the most trusted stable coins is theUSD coin. Alexandria's online educational resource has an in-depth guide to the Terra ecosystem. Do you want to keep track of LUNA prices? Do you want to convert LUNA price to your preferred currency today? Stay up to date on how stable coins are changing the payments industry with the education portal.

How many Terra Coins are in circulation?
There is a supply of 1 billion token.
8% is the developer mining program. The mining program proceeds are pro-rata to the amount of TVL every quarter for 4 years. The developer alignment program is 1.5%. Protocol teams that were live in Terra Classic divide the allocation by the last 30 day TVL from the pre-attack snapshot. Emergency allocation to app developers is. Immediately after the network launch, they build out the product. The community pool is 20%. It is controlled by staked governance. 40% of the holders are pre-attack. All bonds, minus TFL, are included in the snapshot. 30% unlocked at genesis; 70% vested over 2 years. 1M Luna is a cliff for 2 years. For wallets with 1M Luna, there is a cliff of 4 years. 10% of aUST holders are pre-attacked. Up to 99.7% of all holders are covered by the 500K whale cap. 70% vested over 2 years and 6 month cliff. 10% are post-attack holders. Staking derivatives are included. 70% vested over 2 years and 6 month cliff. 15% of UST holders were affected by the attack. 70% vested over 2 years and 6 month cliff.
There are definitions.
The snapshot will be taken at the Terra Classic block. The snapshot will be taken at Terra Classic block 7790000.
All locked or vested token must be unbonded to become liquid.
Terra committed to burning the remaining 1B UST from the community pool to reduce the outstanding debt.

The Terra network is secured.
Terra is secured using a proof-of-stake consensus method, in which LUNA token holders stake their token as collateral to verify transactions, receiving rewards in proportion to the amount of LUNA staked. Terra will reward network security with 7% annual inflation.

Where can I buy Terra 2.0?
The new LUNA token will be traded on several centralized exchanges.
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