Terra 2.0, the rebranded blockchain following the collapse of Terra Classic, officially launched on May 28, 2022, marking a fresh start with its native token LUNA. This guide addresses ten critical questions about the new chain, including airdrop details, trading timelines, and distinctions between the old and new ecosystems.
Key Differences Between Terra Classic and Terra 2.0
- Old Chain: Renamed Terra Classic (LUNC).
- New Chain: Retains the Terra name (LUNA).
- UST Removal: Algorithmic stablecoin UST has been discontinued, emphasizing ecosystem resilience over stablecoin integration.
LUNA 2.0 Token Distribution
| Allocation Category | Percentage |
|-----------------------------|------------|
| Community Pool | 30% |
| Pre-Attack LUNA Holders | 35% |
| Pre-Attack aUST Holders | 10% |
| Post-Attack LUNA Holders | 10% |
| Post-Attack UST Holders | 15% |
Airdrop Ratios and Eligibility
Holders of LUNC (formerly LUNA) or USTC (formerly UST) during specified snapshots received LUNA 2.0 at these ratios:
Pre-Attack:
- aUST: 0.0183 LUNA per aUST
- LUNA: 1.0347 LUNA per LUNC
Post-Attack:
- UST: 0.0235 LUNA per USTC
- LUNA: 0.0000153 LUNA per LUNC
Snapshot Blocks:
- Pre-Attack: Height
7544910(May 7, 2022, 14:59 UTC). - Post-Attack: Height
7790000(May 26, 2022, 16:38 UTC).
Trading LUNA 2.0 and LUNC
Exchange Updates:
Binance:
- LUNC/BUSD and USTC/BUSD trading resumed May 30, 2022.
- LUNA 2.0 airdrops pending timeline confirmation.
FTX:
- Airdrops distributed by May 31, 2022.
- Markets for old LUNA/UST remain paused indefinitely.
- Other Platforms: Gate.io, Bybit, and MEXC announced similar airdrop plans.
👉 Track real-time LUNA 2.0 listings
Price Trends Post-Launch
- LUNA 2.0: Peaked at $17.73 on launch day, then fell 63% within 24 hours.
- LUNC: Dropped 32%, with $106M trading volume.
- USTC: Declined 32%, volume hit $19.8M.
Checking Airdrops via Terra Station
- Log in to Terra Station (Mainnet).
- Refresh to view LUNA balances.
- IBC users: Create a matching wallet for access.
Lockup Periods
- Initial Airdrop: 30% distributed at launch.
- Remaining 70%: Staked with validators, linearly unlocked over 2 years (6-month cliff).
FAQ
1. When will LUNA 2.0 be listed on major exchanges?
Most platforms began listings by late May 2022, with delays varying by exchange.
2. Can I still trade old LUNC/USTC?
Select exchanges like Binance resumed trading, but others (e.g., FTX) halted permanently.
3. How do I claim my airdrop if I used IBC channels?
Follow Terra Station’s guided wallet setup for IBC-compatible addresses.
👉 Compare LUNA 2.0 trading pairs
This guide consolidates verified data from Terra’s announcements and exchange updates. For community discussions, visit official Terra forums.