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About Terra (LUNA 2.0) Airdrop

What has changed in the Terra Luna Ecosystem?

What is Terra 2.0 (LUNA)?

Am I eligible for the Terra (LUNA 2.0) Airdrop?

What am I eligible for, and when will I receive my Airdrop allocation?

How much am I eligible to receive under the Airdrop?

Do I need to do anything to receive my Airdrop allocation?


About Terra (LUNA 2.0) Airdrop

Swyftx has committed to providing the airdrop for both "Pre-Attack" and "Post-Attack" holders of Terra Classic (LUNC) and TerraUSD Classic (USTC). This is in line with the Luna Foundation Guard's agreed airdrop distribution plan.


What has changed in the Terra Luna Ecosystem?

Existing tokens Terra (LUNA) and TerraUSD (UST) have been renamed Terra Classic (LUNC) & TerraUSD Classic (USTC), respectively.

The new token Terra (LUNA 2.0) is now available to buy, sell, deposit and withdraw on the Swyftx platform.


What is Terra 2.0 (LUNA)?

LUNA 2.0 is a new token that will coexist with the existing Terra Classic (LUNC). LUNA 2.0 will continue to have ties with TerraUSD Classic (USTC), and eligible holders of USTC will also receive the airdrop, alongside eligible LUNC holders.


Am I eligible for the Terra (LUNA 2.0) Airdrop?

Holders of the following assets at the specified points of time are eligible for participation in the Airdrop:

  • LUNC holders at 2022–05–07 14:59:37 UTC (block height 7544910)

  • LUNC holders at 2022–05–26 16:38:08 UTC (block height 7790000)

  • USTC holders at 2022–05–26 16:38:08 UTC (block height 7790000)


What am I eligible for, and when will I receive my Airdrop allocation?

The table below outlines the different categories of eligibility for the Airdrop, including the timing of the Airdrop for each category. The allocation is in line with the Luna Foundation Guard's agreed airdrop distribution plan.

LUNC holders at 2022–05–07 14:59:37 UTC (block height 7544910)

Quantity Held in Wallet

Airdrop Allocation

< 10K LUNC (LUNA Classic)

30% upfront, with the remaining 70% vesting monthly over 24 months from December 2022.

> 10K LUNC (LUNA Classic)

to < 1M LUNC (LUNA Classic)

Monthly vesting over 24 months from June 2023.

> 1M LUNC (LUNA Classic)

Monthly vesting over 48 months from June 2023.

LUNC and USTC holders at 2022–05–26 16:38:08 UTC (block height 7790000)

Quantity Held in Wallet

Airdrop Allocation

Any LUNC (LUNA Classic) or USTC (UST Classic) Balance

30% upfront, with the remaining 70% vesting monthly over 24 months from December 2022.


How much am I eligible to receive under the Airdrop?

The Airdrop is underpinned by the following distribution ratios:

  • “Pre-Attack” 1 LUNC (LUNA Classic) = 1.034735071 LUNA

  • “Post-Attack” 1 LUNC (LUNA Classic) = 0.000015307927 LUNA

  • “Post-Attack” 1 USTC (UST Classic) = 0.02354800084 LUNA


Do I need to do anything to receive my Airdrop allocation?

No, if you are an eligible Airdrop recipient, your Airdrop allocation will automatically be distributed to your Swyftx LUNA wallet.


Further questions?

If you have any further questions, get in touch with us via live chat.

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