Terra has officially announced the detailed rules for its "Terra 2.0—LUNA Airdrop," outlining eligibility requirements, snapshot timelines, and distribution phases. Below is a comprehensive breakdown of the airdrop mechanics to help users understand their potential allocations.
Snapshot Timelines
Pre-Attack Snapshot
- Block Height: 7,544,910
- Timestamp: May 7, 2022, 14:59:37 UTC
Eligibility Criteria:
- Holders of LUNA (including staked derivatives)
- Users with <500k aUST (UST deposited in Anchor Protocol)
Post-Attack Snapshot
- Block Height: 7,790,000
- Timestamp: May 26, 2022, 19:59:51 UTC
Eligibility Criteria:
- Holders of LUNA (including staked derivatives), UST, or both
Airdrop Distribution Phases
Initial Airdrop (Genesis)
- Date: May 27, 2022
Allocation: 30% of total LUNA airdrop distributed immediately to:
- Pre-attack users: Wallets holding LUNA (or staked derivatives) or <10k UST in Anchor.
- Post-attack users: Wallets holding any amount of LUNA, UST, or both.
Key Takeaways
- Dual Snapshot Model: Balances from both snapshots determine eligibility.
- Staking Derivatives Included: Delegated or bonded LUNA qualifies.
- Scaled Allocations: Smaller UST holdings (pre-attack) receive higher weight.
👉 Explore more about Terra 2.0’s governance updates
Frequently Asked Questions (FAQ)
Q1: How do I check my eligibility for the LUNA airdrop?
A: Terra will provide a public tool to verify wallet balances against the snapshots.
Q2: Will centralized exchange (CEX) users receive the airdrop?
A: Yes, but distributions depend on the exchange’s support. Check with your platform.
Q3: Is there a deadline to claim the airdropped LUNA?
A: Unclaimed tokens may be burned after a set period; exact timelines TBA.
Q4: How is the 30% initial allocation calculated?
A: It’s proportional to your holdings in the snapshots, adjusted for UST/LUNA ratios.
Q5: Can I sell my airdropped LUNA immediately?
A: Yes, but liquidity and market conditions may impact price stability.
👉 Learn how to secure your airdrop tokens
Final Notes
- Terra 2.0 aims to reset its ecosystem post-collapse, prioritizing fair distribution to affected users.
- Always verify announcements via official Terra channels to avoid scams.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Compliance with local regulations is the reader’s responsibility.
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