Luna 2.0 airdrop delayed to May 28

Terraform Labs just announced the delay of the Luna 2.0 airdrop and mainnent launch.
May 27, 2022 - Cynthia Chung

The Luna 2.0 airdrop has been pushed back to May 28 from the scheduled May 27. The mainnent launch precedes the airdrop. Terraform Labs announced that the airdrop will take place ‘on or around May 28, 2022, at 06:00:00 GMT,’ and the mainnet will be deployed on ‘May 28, 2022, at around 06:00 AM UTC.’

The post-attack snapshot was taken at Block 77990000 on May 26, giving developers only 24 hours to create the genesis version and launch the mainnet for Luna 2.0. 

 

Terraform Labs have listed steps leading up to the postponed airdrop, including its release of the penultimate genesis.json file with participating validators, gathering of all gen_tx’s from validators and the creation of Block 1 of the new Terra Classic chain after a supermajority of interconnected validators operate in synchronization. 

 

According to a Terraform Labs verified blogpost, users who are eligible to receive tokens include those who hold Luna (including staking derivatives) and less than 500k aUST at pre-attack time and users who hold Luna (including staking derivatives) and UST and/or at the post-attack snapshot. 

 

According to a report by Cryptoslate, Terraform Labs explained the community’s most pressing questions concerning the new Blockchain. It claims that Terra Station, Terra Finder and Terra Observer will be fully functional upon the launch of Luna 2.0. A full list of crypto exchange partnerships that will be coming soon, such as Huobi Global and HitBTC Those who stake liquid Luna tokens on Terra Station will be rewarded. Non-vested Luna tokens can be found in ‘users’ wallets automatically’ while staked tokens will appear in Terra Station under the ‘stake’ option.

The new Terra Blockchain, dubbed ‘Terra Classic’ and its new native token LUNC will go live tomorrow. The depegged algorithmic stablecoin UST will be destroyed and the old Luna will be replaced by Luna 2.0 but still co-existing alongside its replacement.  

 

Photo: Canva

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