Dear BTCEX Users,
According to Terra's official announcement, the Terra network will conduct the migration and upgrade when the block height reaches 7,790,000 (expected to be reached on 2022-05-26 at 20:00 (UTC)). BTCEX will rename the current Terra network as the Terra Classic network and support the Terra network airdrop. Further details are as follows:
- LUNA will be formally renamed to LUNC (Luna Classic), and UST will be renamed to USTC;
- The deposits and withdrawals of LUNA & UST will be suspended on 26/5/2022 at 16:30 (UTC);
- LUNA/USDT & UST/USDT spot trading pairs will be suspended and all pending spot orders will be cancelled on 26/5/2022 at 17:00 (UTC);
- The deposits and withdrawals open time of LUNC & USTC will be announced in a separate announcement;
- BTCEX will distribute the LUNC to all eligible users based on the Terra project team’s token distribution plan. BTCEX will make a separate announcement after the token migration is complete.
Detailed Airdrop Rules
| Category | Assets Holdings | Snapshot Timing | Recovery Type | Assets Distributed |
Distribution Plan
|
| Pre-attack |
LUNA (old), AnchorUST (aUST)
*
|
2022-05-07 14:59 (UTC),
at Terra Classic block height of 7,544,910
|
< 10k LUNA (old) holding | LUNA (new) |
- distribute 30% of the total amount received before 2022-05-31 08:30 (UTC);
- from December 2022 onward, a monthly distribution of the remaining 70% over 24 months.
|
| 10k ≤ LUNA (old) holding < 1M | LUNA (new) | - from June 2023 onward, monthly distribution over 24 months. | |||
| ≥ 1M LUNA (old) holding | LUNA (new) | - from June 2023 onward, monthly distribution over 48 months. | |||
| Post-attack |
LUNA (old),
UST (old)
|
2022-05-26 16:38 (UTC),
at Terra Classic block height of 7,790,000
|
Retail users | LUNA (new) |
- distribute 30% of the total amount received before 2022-05-31 08:30 (UTC);
- from December 2022 onward, a monthly distribution of the remaining 70% over 24 months.
|
For more information, please refer to the following:
Terra Ecosystem Revival Plan 2 [PASSED GOV]
Terra Builders Alliance: Rebirth Terra Network
Risk Warning: There are significant risks in trading cryptocurrency. Please carry out investment operations according to your actual situation. This information is not the financial or investment advice from BTCEX, and BTCEX will not be responsible for your trading losses.
Thanks for your support!
BTCEX Team
26/5/2022
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