Crypto.com Supports New LUNA Token Airdrop for Existing LUNA Holders | Crypto.com (2024)

FAQs

Will crypto.com get luna airdrop? ›

Following the previous announcement, Crypto.com is pleased to announce that the airdrop of the new Terra 2.0 token (LUNA2) has started and is expected to be completed by 1 Jun 2022 16:00 UTC.

LUNA holders will get LUNC airdrop. Luna holders will receive approximately 35% of all new tokens, 10% will go to those who held UST prior to the cryptocurrency's collapse, 25% will go to traders who still own Luna and UST after the crash, and 30% will go to a pool of Luna investors.

To claim your Crypto Airdrop rewards, first, check your eligibility on the Crypto Airdrop Page. Next, connect your wallet to the airdrop platform. Follow on-screen instructions to to check eligibility. If you are eligibile you will claim reward directly to you wallet.

Following the depegging of UST and the subsequent collapse of LUNA, Terra launched LUNA 2.0 – a new coin that was to be airdropped to original holders of LUNA (now LUNC) and UST (now USTC). The original airdrop plan and schedule can be found here.

About 19.5M LUNA have been allocated to the airdrop. Wallets holding less than 10,000 LUNC or aUST prior to UST depegging or any value of LUNC or USTC after its failure will be subject to a two-year vesting schedule with a six month cliff. Terra said the vesting schedule is intended to “avoid liquidity instability.”

After a promising second half of 2023, hopes were rekindled that the revamped LUNA could reclaim its predecessor's former glory, including a billion-dollar market capitalization and a top 10 spot among cryptocurrencies. Terra's positive performance was a welcome respite after a tumultuous period.

LUNA's current price is $0.38616, with a 24-hour trading volume of $23.55M. LUNA is -2.01% in the last 24 hours, with a circulating supply of 687.66M LUNA coins and a maximum supply of -- LUNA coins. LUNA ranks 219 by market cap.

Thanks to our third-party partners, like Simplex and Guardarian, you can buy or sell LUNA directly using your fiat money on a bank account or credit card with Visa or MasterCard payment system. It's as easy as a regular crypto-to-crypto swap. It doesn't require registration and will be processed in a few minutes.

The interested participants register for the airdrop by providing their wallet address and other information or performing the required tasks. The project team verifies the eligibility and validity of the participants and distributes the tokens to their wallets according to the rules of the airdrop.

How is Luna airdrop calculated? ›

Terra (LUNA) distribution rates are determined as 1 LUNC = 1.034735071 LUNA before the attack and 1 LUNC = 0.000015307927 LUNA after the attack.

To successfully claim airdrops, you must have access to your wallet's private keys or seed phrases, as these are essential for signing transactions and confirming your ownership of the wallet address. Without these, you will not be able to receive the airdropped tokens.

There are predetermined groups that are receiving airdrops of the new LUNA coins: Community pool is receiving 30% of the token distribution, with 10% earmarked for developers. Pre-crash or pre-attack LUNA holders are receiving 35% of the new LUNA tokens. Pre-crash UST holders are receiving 10% of the new tokens.

The interested participants register for the airdrop by providing their wallet address and other information or performing the required tasks. The project team verifies the eligibility and validity of the participants and distributes the tokens to their wallets according to the rules of the airdrop.