CoinSpot Will Support the Terra (LUNA2) 2.0 Airdrop

Transition to Terra 2.0 & Airdrop Announcement

UPDATE

CoinSpot will be distributing the second half of the LUNA2 Airdrop to eligible users across a 24 month period.

What is in this article?

• Classic Network Rename
• Terra (LUNA2) 2.0 Airdrop
• How do I know if I will be eligible?
• Are CoinSpot users required to do anything?
• Will coins automatically appear in my wallet?
• Terra LUNA 2.0 Airdrop Ratios

Classic Network Rename

Tokens listed on the Classic Terra Network will be now referred to under the following tickers:

• Terra Luna (LUNA) > Terra Luna Classic (LUNC) 
• TerraUSD (UST) > TerraClassicUSD (USTC) 

Other Terra Classic Network tokens that are not listed on the platform will also change accordingly. 

Luna Classic (LUNC) will be transferred via the Terra Classic Chain (Classic).

Luna (LUNA2) will be transferred via the New Terra Chain (Mainnet).

Terra (LUNA2) 2.0 Airdrop

Users will receive the airdrop based on their holdings, during the following snapshots.

The following criteria applies to those who fit into the relevant snapshot dates:

                                                  Figure 1. Terra Network Airdrop - Snapshot Date and Time

                                                  Figure 2. Terra Network Airdrop - Snapshot Date and Time

For further information in respect to the LUNA2 Airdrop Calculation Logic, please press on the link here.

How do I know if I will be eligible?

You will be eligible for the LUNA2 Airdrop based on the following:

At the Pre-Attack Snapshot, hold:

- Terra Luna Classic (LUNC)

And/or at the Post-Attack Snapshot, hold:

- Terra Luna Classic (LUNC)

- Terra Classic USD (USTC) 

Are CoinSpot users required to do anything?

CoinSpot users are not required to do anything to receive the Airdrop, CoinSpot will distribute the tokens on behalf of our eligible users. 

Will coins automatically appear in my wallet?

Coins will automatically be allocated to eligible CoinSpot users wallets who have held these coins during the snapshot, refer to Figure 1 above. Once all internal protocols and criteria have been satisfied, the coins will be distributed to users.

Terra LUNA 2.0 Airdrop Ratios

In line with the ratios listed by the TERRA (LUNA2) Team, LUNA2 tokens have been distributed to all eligible CoinSpot users at the ratios listed below: 

• Pre-Attack   1 LUNC = 1.034735071 LUNA2
• Post-Attack 1 LUNC = 0.000015307927 LUNA2
• Post-Attack 1 USTC = 0.02354800084 LUNA2

 

Need more help? 

Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new

or start a conversation with us via Live Chat and our team will provide full instructions and advice.