Terra is ready to launch its new updated network, Terra 2.0. LUNA will welcome this update with the new native token as a publicly owned business.
As Proposal 1623 points out, a new token, called LUNA, will be air on members of the public. The token will be issue on 27 May 2022. Thereafter, eligible owners of AUST, USTC, and LUNC will receive LUNA airdrops in the updated series.
The number of tokens received depends entirely on the type of tokens the user has stored in Terra Classic. In addition, Terra will reconsider the time the tokens were seize, and the infamous attack will serve as an important metaphor for this.
Before the attack, Terra stood at an altitude of 7544910, and the number reached 7790000 shortly after the attack. It is, therefore, clear that the network seeks to reward its loyal users for their loyalty. Finally, the network will analyze the amount of token held by the user. Here is a list of user eligibility criteria:
During a previous attack, the user must have caught LUNA with a fixed object. In addition, the customer must own less than 500,000 aUST. In addition, the user must have LUNA and UST after the attack.
The network will transmit over 30% of LUNA, which will be immediately distributed to previously eligible attackers. Their eligibility is determined by whether they had less than 10k LUNA or AUST before the attack.
In time, more buildings come to support Terra 2.0. The year was already a tough one for crypto and financial markets in general, however, the sudden collapse of Terra and LUNA further deteriorated further. Thus, the rapid rebuilding of the network with Terra 2.0 is an important step in the industry.