Binance has successfully completed the second round of its Terra (LUNA) airdrop distribution to eligible users who held Terra Classic (LUNC) and TerraClassicUSD (USTC) during the specified snapshot periods. Users can confirm receipt of these tokens in their Spot wallets through the distribution history page.
Understanding the Terra Airdrop Initiative
The Terra ecosystem underwent significant changes following a major de-pegging event. As part of the recovery and transition plan, a new blockchain and LUNA token were launched. A series of airdrops were scheduled to compensate affected holders of the original Terra tokens.
These distributions aim to support the community during the migration process and ensure a fair allocation of the new tokens.
Snapshot Details for the Airdrop
Two critical blockchain heights were used to determine eligibility:
- Pre-Attack Snapshot: Terra Classic block height 7,544,910 (May 7, 2022, at 14:59:37 UTC)
- Post-Attack Snapshot: Terra Classic block height 7,790,000 (May 26, 2022, at 16:38:08 UTC)
Your holdings at these precise moments are what qualify you for the airdropped LUNA tokens.
LUNA Token Distribution Ratio
The amount of new LUNA tokens users received was calculated based on the type and quantity of assets held during the snapshots. The official allocation ratios were as follows:
For Pre-Attack Holdings:
- 1 aUST = 0.01827712143 LUNA
- 1 LUNC = 1.034735071 LUNA
For Post-Attack Holdings:
- 1 LUNC = 0.000015307927 LUNA
- 1 USTC = 0.02354800084 LUNA
Key Points for Eligible Users
If you held LUNC or USTC on Binance during the snapshots, here's what you need to know:
- You can verify your receipt of the airdropped tokens in your Spot wallet. Ensure you have not enabled the "Hide Small Balances" or "Hide 0 Balances" option, as this may prevent the tokens from being visible.
- Binance has stated that it will not issue further announcements for the completion of subsequent Terra (LUNA) airdrop rounds.
- The remaining airdrops, as per the official plan, will be distributed by Binance over a 24 or 48-month period, starting from either December 2022 or June 2023, depending on the circumstances.
Eligibility and Important Disclaimers
It is crucial to note that not all users were eligible for this airdrop. The distribution excluded:
- Users from sanctioned jurisdictions.
- United States persons and entities.
For full details on eligibility requirements, always refer to the official Binance Terms of Use. Furthermore, in case of any discrepancies between translated versions of the announcement and the original English text, the English version shall always prevail.
Tracking Your Crypto Airdrops
Staying informed about potential airdrops requires diligence. Regularly checking official exchange announcements and project blogs is essential. For tracking tokens you've already received, a robust portfolio manager is invaluable. 👉 Explore powerful portfolio tracking tools to monitor your airdropped assets and overall market performance seamlessly.
Frequently Asked Questions (FAQ)
How can I check if I received the LUNA airdrop on Binance?
Log into your Binance account and navigate to your Spot wallet. Check your transaction history or distribution page for incoming LUNA tokens. Make sure the "Hide 0 Balances" feature is disabled to view all assets.
Why didn’t I receive any LUNA tokens?
There are a few possible reasons. You may not have held LUNC or USTC on Binance at the exact times of the pre-attack or post-attack snapshots. Alternatively, you might be from an excluded region, such as the U.S. or a sanctioned country.
What are the future plans for the remaining Terra airdrops?
Binance will continue to distribute the remaining LUNA tokens according to the official vesting schedule, which spans 24 to 48 months. The process is automatic and will not be accompanied by individual announcements.
What is the difference between LUNC and the new LUNA?
LUNC (Terra Classic) is the original token from the Terra Classic blockchain. The new LUNA is the native token of the new Terra blockchain, launched after the ecosystem's collapse and reboot.
Are the airdropped LUNA tokens immediately tradable?
Yes, once the tokens are distributed to your Spot wallet on the exchange, you are free to trade, hold, or withdraw them as you wish, subject to the platform's rules.
Where can I find the most accurate information about such airdrops?
The most reliable source is always the official announcement page of the cryptocurrency exchange you use. For a broader view of the crypto landscape, including airdrop opportunities, 👉 discover comprehensive market analysis platforms that aggregate news and data from multiple sources.