Supplemental Announcement for the First Airdrop of New Terra (LUNA) Tokens
28/05/2022 10:01:19
Dear KuCoin Users,
Regarding the first airdrop of new Terra (LUNA) tokens, please be noted of the following arrangements:
1. The snapshot for the Pre-Attack Luna Classic (LUNC) (old LUNA) holders was taken when the Terra Classic blockchain was officially halted at a block height of 7544910 at 14:59:37 on May 7, 2022 (UTC);
2. While the snapshot for the Post-Attack Luna Classic (LUNC) (old LUNA) and Terra Classic USD (USTC) (old UST) holders was taken when the Terra Classic blockchain was officially halted at a block height of 7790000 at 16:38:08 on May 26, 2022 (UTC).
KuCoin will distribute new Terra (LUNA) tokens received from the Terra Team to eligible KuCoin users according to the snapshots of KuCoin on the Luna Classic (LUNC) (old LUNA) and Terra Classic USD (USTC) (old UST) holders.
Users will be eligible for the new Terra (LUNA) airdrop on KuCoin if they meet any of the distribution conditions. The distribution conditions and plans are shown as follows:
| Category | Snapshot Timing | Assets Distribution | Eligible Assets for Distribution | Quantity of Asset | Distribution Plans |
| Pre-Attack | Terra Classic block height: 7544910 (14:59:37 on May 7, 2022 (UTC)) | New Terra (LUNA) Tokens | Luna Classic (LUNC) (old LUNA) Tokens | 0.0015≤ Luna Classic (LUNC) (old LUNA) holding < 10,000 | Distribute 30% of the corresponding new Terra (LUNA) tokens upon receiving from the Terra Team. The remaining 70% will be distributed monthly within 24 months from December 2022. |
| 10,000 ≤ Luna Classic (LUNC) (old LUNA) holding < 1,000,000 | New Terra (LUNA) tokens will be distributed monthly within 24 months from June 2023. | ||||
| ≥ 1,000,000 Luna Classic (LUNC) (old LUNA) holding | New Terra (LUNA) tokens will be distributed monthly within 48 months from June 2023. | ||||
| Post-Attack | Terra 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) holding | Distribute 30% of the corresponding new Terra (LUNA) tokens upon receiving from the Terra Team. The remaining 70% will be distributed monthly within 24 months from December 2022. | |
| Terra Classic USD (USTC) (old UST) Tokens | ≥ 1.5 Terra Classic USD (USTC) (old UST) holding |
Please note:
1. Minimum holding for eligibility:
Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA);
Post-Attack: 1,000 Luna Classic (LUNC) (old LUNA) ,1.5 Terra Classic USD (USTC) (old UST).
2. KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. The distribution will be announced separately.
3. More details will be announced separately.
For further information about the new Terra (LUNA) Airdrop Program, please refer to:
Thanks for your support!
The KuCoin Team
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