As Terra 2.0 Approaches The Team Provides More Details About LUNA Airdrop Calculation Logic

Terra team announces more details about the LUNA airdrop.

As terra is transforming to terra 2.0, the new LUNA coins will be airdropped to LUNA (LUNC), UST (USTC), and aUST holders.

Airdrop Information

Terra team confirms that airdrop will occur on May 28th. The LUNA airdrop will occur on the first block of the new Terra chain, expected on or around May 28th, 2022, at 06:00:00 GMT.

Total Supply of LUNA: 1 Billion

Pre-Attack Snapshot Height: 7544910 (2022–05–07 14:59:37 UTC)

Post-Attack Snapshot Height: 7790000 (2022–05–26 16:38:08 UTC)

LUNA Token Distribution

There will be four groups of tokens in the Terra ecosystem when the airdrop begins:

1. Pre-crash Luna
2. Pre-crash UST
3. Post-crash Luna
4. Post-crash UST

These four groups are formed in accordance with when the said tokens were bought, with the start of the Luna and UST price crash as the reference.

LUNA Token Distribution:

Airdrop Calculation:

Following is the ratio with which the airdrop would be distributed. For example, any user will get an airdrop of 1.034735071 LUNA on the new chain if he had 1 LUNA (LUNAC) during the Pre-Attack snapshot.

LUNA Airdrop Ratios:

Exchange Rates to LUNC:

Below is the exchange rate calculation for LUNC, “For example, if a user held 1 cLUNA during the Pre-Attack snapshot, the user’s wallet would be considered to have held 1 LUNC during that period, and would be airdropped the appropriate amount based on that.”

The team also gave a formula with which Airdrop Allocation would be made.