Terra’s airdrop brings the month of May to a close, which began with the fall of Terra’s Luna 2.0 and TerraUSD (UST). However, just a few hours after circulation, the new prices of Terra declined.
Luna Airdrop is Live
To restore Terra, the founder and community Deo Kwon came up with some ideas. Most of the votes went in favor of rebranding the former series Tera Classic and creating a new series called LUNA. New tokens will be distributed to specific types of holders as part of the approach.
According to Terra, today was the day that Block 1 of the new Terra blockchain was created. Meanwhile, just hours after the new coin arrived, its value fell by 60%. According to sources, Terra (LUNA) 2.0 started trading between $17 and $18. The price then escalated to the $20 level.
Currently, the price of Terra is at a low of $6.30. The company’s trading volume has increased by 2408% to $97.5 million. On the other hand, the price of Terra Classic reached $0.
1 billion people will receive the airdrop
Terra has already informed that customers who are eligible for the Luna airdrop can view their wallets for the new series and must choose the Phoenix-1 network. However, only 1 billion people will receive the airdrop.
Pre-attack LUNA holders will receive 35% of the total, with 30% going to the community pool. Thereafter, UST holders will receive 15% of the airdrop after the post-attachment period.
In addition, Terra says users can pour their Liquid Luna into a variety of products. It can be put in place of incentives at tera station and to have a say in governance options.