KuCoin Has Completed the First Airdrop of New Terra (LUNA) Tokens

2022/05/28 10:58:51Announcements

Dear KuCoin Users,

KuCoin has now completed the first airdrop of the new Terra (LUNA) tokens.

The arrangements are as follows:

1. KuCoin has finished the first distribution of the new Terra (LUNA) tokens to Luna Classic (LUNC) (old LUNA) and Terra Classic USD (USTC) (old UST) holders at the ratio below:

Pre-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:1.034735071

Post-Attack Luna Classic (LUNC) (old LUNA): New Terra (LUNA) = 1:0.000015307927

Post-Attack Terra Classic USD (USTC) (old UST): New Terra (LUNA) = 1:0.02354800084

2. Eligible users can check their new Terra (LUNA) tokens through Assets > Main Account.

3. KuCoin will support the following airdrop from December 2022 onward.

Please note:

a. According to the token distribution, users will receive the new Terra (LUNA) tokens following the ratio below:

CategorySnapshot TimingAssets DistributionEligible Assets for DistributionQuantity of AssetDistribution Plans for the First Airdrop
Pre-AttackTerra Classic block height: 7544910 (14:59:37 on May 7, 2022 (UTC))New Terra (LUNA) TokensLuna Classic (LUNC) (old LUNA) Tokens 0.0015≤ Luna Classic (LUNC) (old LUNA) holding < 10,000Luna Classic (LUNC) (old LUNA) holding * 1.034735071 * 30%
10,000 ≤ Luna Classic (LUNC) (old LUNA) holding < 1,000,000 N.A
≥ 1,000,000 Luna Classic (LUNC) (old LUNA) holding N.A

Post-AttackTerra Classic block height: 7790000 (16:38:08 on May 26, 2022 (UTC))Luna Classic (LUNC) (old LUNA) Tokens ≥ 1,000 Luna Classic (LUNC) (old LUNA) holdingLuna Classic (LUNC) (old LUNA) holding * 0.000015307927 * 30%
Terra Classic USD (USTC) (old UST) Tokens ≥ 1.5 Terra Classic USD (USTC) (old UST) holdingTerra Classic USD (USTC) (old UST) holding * 0.02354800084 * 30%

b. Minimum holding for Pre-Attack Luna Classic (LUNC) (old LUNA) holder eligibility in this airdrop: 0.0015 Luna Classic (LUNC) (old LUNA)

c. Minimum holding for Post-Attack Luna Classic (LUNC) (old LUNA) holder eligibility in this airdrop: 1,000 Luna Classic (LUNC) (old LUNA)

d. Minimum holding for Post-Attack Terra Classic USD (USTC) (old UST) holder eligibility in this airdrop: 1.5 Terra Classic USD (USTC) (old UST)

e. The Sub-Accounts and Master Account will be treated as one account.

f. The snapshot records have included balances in Trading/Margin/Trading bot/Financial Account.

g. Tokens that were pending on deposit or withdrawal at the time of the snapshots will not count towards your balance.

h. The following distribution will be announced separately.

For further information about the new New Terra (LUNA) Airdrop Program, please refer to:

Terra 2.0 — LUNA Airdrop

Terra 2.0 — LUNA Airdrop Calculation Logic

Thanks for your support!

The KuCoin Team

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