Crypto.com Supports the New Terra Network (LUNA2) Airdrop | Crypto.com (2024)

Additional information on the airdrop for eligible users

May 27, 2022

Crypto.com Supports the New Terra Network (LUNA2) Airdrop | Crypto.com (1)

Crypto.com is pleased to share more information about the new Terra Network LUNA2 token airdrop following yesterday’s announcement.

The current (old) Terra chain has been renamed as Terra Classic, and the current (old) Terra token LUNA has been renamed as Luna Classic LUNC. The number of tokens that eligible users may receive in the airdrop will depend on the quantity of LUNC tokens held at a specific time (based on the pre-attack and post-attack snapshot timings).

You can find more information below.

Ticker Updates

Crypto.com will make the following ticker updates:

(old) LUNA ticker = LUNC

(new) LUNA ticker = LUNA2

Trading Resumption

LUNC will resume trading, deposits and withdrawals in the App and Exchange via Terra Classic.

LUNA2 will be listed in the App and Exchange. Trading, deposits and withdrawals will be enabled at the same time.

Time of trading resumption will be shared later as more information becomes available.

New LUNA (LUNA2) Airdrop

Subject to Crypto.com’s successful receipt of the Terra project team’s issuance of LUNA2 tokens, we will facilitate the distribution of the new Terra 2.0 token (LUNA2) to all eligible users. The eligibility criteria and distribution details will follow in a separate announcement.

Airdrop rules

The table below is the Terra project team’s token distribution plan. Crypto.com will share our distribution plan for our users after confirming the receipt of the airdropped tokens.

Crypto.com Supports the New Terra Network (LUNA2) Airdrop | Crypto.com (2)

Notes:

  • For Crypto.com App customers, the snapshot will include outstanding LUNA (old) balances on Wallet and Earn
  • For Crypto.com Exchange customers, the snapshot will include LUNA (old) holdings, net of credit line extended for LUNA (old)
  • Please note the new LUNA (New) Airdrop exercise is subject to the successful execution of the Terra Ecosystem Revival Plan.
  • Crypto.com reserves the right to cancel or amend the airdrop rules at our sole discretion and shall not be liable should there be any changes made on the distribution plan governed by the Terra Network in relation to the airdrop.

Tags

Crypto.com App

Crypto.com Exchange

LUNA2.0 Airdrop

Share with Friends

Ready to start your crypto journey?

Get your step-by-step guide to setting up an account with Crypto.com

By clicking the Get Started button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.

Crypto.com Supports the New Terra Network (LUNA2) Airdrop | Crypto.com (3)

Crypto.com Supports the New Terra Network (LUNA2) Airdrop | Crypto.com (2024)

FAQs

Who is eligible for Luna 2 airdrop? ›

Customers who held LUNC on their Bitkub wallets at the date and time when the snapshot was taken will be eligible to participate in the airdrop according to the announcement from Terra (reference).

Can you receive airdrops on Crypto com? ›

Crypto.com has implemented this type of airdrop with its 'All Star' NFT Airdrop, and users had to ensure their 'Loaded Lions' NFT were in their Crypto.com NFT account at a specific time and date to be eligible.

Does crypto.com support Luna? ›

Crypto.com will support the upcoming LUNA airdrop, following the announcement of the Terra chain migration. The old Terra blockchain will be rebranded as Terra Classic, and integrated with the new Terra network. Additionally, the original Luna token (LUNA) will be renamed Luna Classic (LUNC).

How much is Luna 2 airdrop? ›

Despite the airdrop, some UST holders complained about their LUNA distribribution on social media. aUST holders will receive 0.018 LUNA per token held while USTC holders will receive 0.0235 LUNA, worth $0.33 and $0.42 based on current prices.

How do you qualify for airdrop? ›

In the world of cryptocurrency, upcoming projects often use airdrops to gain exposure. To be eligible for these airdrops, users typically have to perform certain actions, such as participating in testnets, using dapps, holding specified tokens or NFTs, or making a certain number of trades.

How do I know if I received an airdrop crypto? ›

Holder/exclusive airdrops

They simply check their wallet one day to find that new tokens have been deposited. While this may sound like easy money, keep in mind that those who receive these kinds of airdrops had to first have the conviction to buy the project's cryptocurrency and hold it through any volatility.

How do I claim free crypto airdrops? ›

How to Get Crypto Airdrops
  1. Set up a crypto wallet. Participation in crypto airdrops requires a compatible wallet based on the specific blockchain or token being distributed. ...
  2. Research and meet airdrop requirements. Always research the project behind every airdrop. ...
  3. Claim your airdrop tokens. ...
  4. Utilize your airdrop tokens.
Feb 20, 2024

How do I withdraw from crypto airdrop? ›

How to Withdraw Airdrop Tokens? Once you have received your airdrop tokens, you will need to find an exchange that supports the token in order to withdraw them. If the airdrop is for an ERC20 token, you can likely withdraw them from any Ethereum-based exchange.

How will Luna airdrop work? ›

Users must enter a new Terra wallet address – which must be verified to be new – to where they would like to receive the airdrop. A small amount of LUNA will be then deducted from the airdrop to account for gas fees for those claiming from non-Terra chains.

What percentage does Luna airdrop give? ›

Airdrop for post-attack amounts:

According to the conditions set by TFL, users who hold 0.1 or more of Terra Classic (LUNC) in their wallet after the attack will receive 30% of the amount when the Terra Classic blockchain is created after the hard fork, and the remaining 70% of the amount within the next 24 months.

Can you trade Terra Luna? ›

Terra Classic margin trading lets you buy and sell LUNA using funds that could exceed the balance of your account. Unlike futures and derivatives trading, spot Terra Classic margin trading involves buying or selling the actual underlying assets, rather than financial contracts.

Is LUNC delisted from Crypto com? ›

Despite declaring the elimination of Terra Classic a few weeks ago, Crypto.Com has second thoughts. Crypto.com's staff sent a follow-up email in regards to the delisting of LUNC. Receiving immense community backlash, Crypto.com overturns the decision.

Why is Crypto.com removing Luna Classic? ›

Crypto.com confirmed the delisting of the Terra Classic token from its trading platform following Terra Labs' bankruptcy filing. The announcement of the delisting of Terra Classic (LUNC) by the major exchange was followed by a significant 12.4% drop in LUNC over the last 24 hours by press time.

How much is Lunc in dollars? ›

LUNC's current price is $0.00010675, with a 24-hour trading volume of $35.09M.

What is the vesting period of Luna airdrop? ›

Luna airdrop distribution​

For wallets with < 10k Luna: 30% unlocked at genesis; 70% vested over 2 years with 6-month cliff. For wallets with < 1M Luna: 1-year cliff, 2-year vesting thereafter.

What is the Luna airdrop? ›

The Terra Airdrop was a free distribution of LUNA tokens to NFT and DeFi users. This event aimed to incentivize participation within the ecosystem. Terra's airdrop on the blockchain created a buzz in the cryptocurrency community, spotlighting both the token and the platform.

Who is eligible for ethereum name service airdrop? ›

Eligibility for Ethereum Name Service $ENS Airdrops

To participate in a Ethereum Name Service $ENS airdrop, you typically need to meet specific criteria set by the project. This might include holding a certain amount of another cryptocurrency or being an active member of their community.

Top Articles
Latest Posts
Article information

Author: Merrill Bechtelar CPA

Last Updated:

Views: 6092

Rating: 5 / 5 (50 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Merrill Bechtelar CPA

Birthday: 1996-05-19

Address: Apt. 114 873 White Lodge, Libbyfurt, CA 93006

Phone: +5983010455207

Job: Legacy Representative

Hobby: Blacksmithing, Urban exploration, Sudoku, Slacklining, Creative writing, Community, Letterboxing

Introduction: My name is Merrill Bechtelar CPA, I am a clean, agreeable, glorious, magnificent, witty, enchanting, comfortable person who loves writing and wants to share my knowledge and understanding with you.