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Terraform Labs has released information regarding the LUNA 2.0 airdrop scheduled for May 27, 2022.
The current LUNA token will be renamed LUNC, while the new LUNA 2.0 token will assume the ticker LUNA. Holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST) will be airdropped LUNA tokens from the new chain.
LUNA Airdrop
The testnet is currently live for LUNA 2.0, and the mainnet will be activated on May 27. When the mainnet goes live, the airdrop will begin. According to a Terraform Labs verified Medium post, you will be eligible for the airdrop if:
At the Pre-Attack snapshot, hold:
LUNA (including staking derivatives)Less than 500k aUST (UST deposited in Anchor)
And/or at the Post-Attack snapshot, hold:
LUNA (including staking derivatives)UST
The snapshot timings used in the above criteria are shown below:
Source: Medium
When will the airdrop happen?
The genesis block of LUNA 2.0 will occur on May 27, 2022, at which time 30% of the LUNA airdrop will be issued, with the remaining 70% to be issued over two years with a six-month cliff. The cliff means users will start to receive the rest of their airdrop after 6-months at around 3.9% per month.
“At Genesis, 30% of the LUNA airdrop will be immediately available to Pre-Attack users with wallets that had less than 10k LUNA (including staking derivatives) or deposited UST in Anchor, and Post-Attack users with any quantity of LUNA (including staking derivatives), UST, or both.”
All airdropped tokens will be automatically staked to “preserve network security.” Non-vested LUNA can be removed at any point. However, vested LUNA will be staked according to the above schedule. However, it does appear that investors will still be able to claim their rewards at any point.
“Users will earn staking rewards on their vesting LUNA starting from the point at which it is staked, and can claim these rewards at any point.”
Regarding vested…
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