Referring to the announcement regarding the support of the Terra2.0 (LUNA2) airdrop for Terra Classic (‘LUNC’ or the old LUNA token) holders according to the said announcement, we are pleased to inform you that the withdrawal of LUNA2 is now ready for operations. Please see the schedule below.
Schedule
- Enable LUNA2 Withdrawal
10 June 2022 at 06:00 PM (GMT+7) - Distribute LUNA2 to the wallets of the airdrop participants from the Post-attack snapshot round*
Within 48 hours after enabling the LUNA2 withdrawal according to the above schedule
* 30% of the total airdropped tokens will be distributed to the participants whose post-attack snapshots were taken. The ratio is in accordance with the prior notice announced by the Terra team.
Airdrop distribution ratio of LUNA2
After Bitkub Exchange receives the LUNA2 tokens from the Terra team, we will proceed to calculate and distribute the tokens to the participants according to the distribution ratio set by Terra. Please refer to the table below:
Snapshot Round | Participant Criteria | Airdrop Distribution | Distribution Plans |
Pre-attack | Customers who held old LUNA tokens in their Bitkub wallets at the snapshot time
| 1 old LUNA to 1.034735071 LUNA2 |
|
Post-attack | Customers who held old LUNA tokens in their Bitkub wallets at the snapshot time
| 1 old LUNA to 0.000015307927 LUNA2 |
|
The conditions of old LUNA tokens that are ineligible for the LUNA2 airdrop
- Old LUNA tokens that were successfully sold before the snapshot time.
- Old LUNA tokens that were successfully bought after the snapshot time.
- Old LUNA tokens that were successfully withdrawn before the snapshot time.
- Old LUNA tokens that had not been successfully deposited before the snapshot time.
Remarks:
- The aforementioned airdrop distribution rules set by the Terra team are subject to change which will be in accordance with the plans announced by Terra.
- The value of the old LUNA tokens that is less than 2 decimal digits will not be included in the airdrop calculation for the Post-attack snapshot group.
- The amount of old LUNA tokens that will be included in the coming airdrop calculation is the amount that the snapshot was taken by the Terra team on the specified date and time.
- As the airdrop tokens for the Pre-attack snapshot group have not been distributed to Bitkub Exchange, we will be distributing the tokens to the participants in the Post-attack snapshot group only in this coming airdrop.
- For the best benefit of our customers, Bitkub Exchange has been following up with the Terra Foundation on the clarification of the airdrop distribution to our wallet for the Pre-attack snapshot group. We will announce the updates further and proceed to distribute the tokens once available.
Rename details of old and new LUNA tokens on Bitkub Exchange
The change of the old LUNA token symbol and the new one on the Bitkub Exchange system is under process. However, for clarity of usage during the change, the names and symbols of the tokens will appear as follows.
- Old LUNA token
- Token symbol: LUNA
- Token name: Terra Classic (LUNA)
- Network name: Terra Classic (LUNC)
- New LUNA token
- Token symbol: LUNA2
- Token name: Terra 2.0 (LUNA2)
- Network name: Terra 2.0 (LUNA)
The mentioned symbols and names will appear on Bitkub Exchange’s application and website according to the prior announcement, as well as on the public API page until further notice.
Remarks:
- Please trade Terra Classic tokens with caution as it is in the process of property evaluation and the price can be highly volatile.
- Trading of LUNA2 on Bitkub Exchange is not confirmed by the support of the LUNA withdrawal system. The LUNA2 listing will be strictly reviewed through the same process as other digital assets listed on Bitkub Exchange. As per Bitkub Exchange’s internal policy, we do not guarantee the listing of this token.
- For LUNA2 withdrawals, please use the wallets that support the Terra2.0 Network (new Terra network), and fill in the transaction details correctly to prevent the loss of assets as the confirmed transactions cannot be canceled or recovered.
- A transfer of LUNA2 to a wallet that is not supported by the Terra2.0 Network may lead to a loss of assets. Bitkub Exchange reserves the right not to recover lost assets from such cases.
- Cryptocurrency investments are classified as high-risk investments. Before making investment decisions, please consider the risks and invest carefully.
- The terms and conditions for operations on Bitkub Exchange are in accordance with the Company’s policy. Bitkub Exchange reserves the right to adjust or change the announcements and any other details. Further updates will be announced accordingly.
Thank you for your continued support.
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