PocketBits will support the migration and upgrade of Terra (LUNA) for all our users that hold LUNA balances with us.
From this announcement onwards the current Terra (LUNA - old) would be renamed LUNC.
We will distribute the new Terra 2.0 token (LUNA) to all eligible PocketBits LUNA holders.
The distribution would be on the guidelines of the Terra project team's token distribution plan
The distribution ratio will be announced later.
The Airdrop rules are based on two categories:
- Pre-attack (All trades before the 7th of May'22, 20:30 IST)
- Post attack (All trades after the 7th of May'22, 20:30 IST)
Detailed Airdrop Rules:
PRE-ATTACK
- Users with a balance snapshot of less than 10k LUNA(old)
1) We will distribute 30% of the total amount that we receive from Terra's project team.
Tentative distribution schedule: 06-06-2022
2) The remaining 70% of the balances would be distributed on a monthly basis to eligible users over a period of 24 months, starting from December'22.
- Users with a balance snapshot of 10k LUNA and less than 1M LUNA (old)
For eligible users there would be a monthly distribution spread over a period of 24 months, starting from June 2023.
- Users with a balance snapshot of more than 1M LUNA (old)
For eligible users there would be a monthly distribution spread over a period of 48 months, starting from June 2023.
POST-ATTACK
All users that have bought LUNA (old) on PocketBits post the 7th of May'22, 20:30 IST would come under this category.
1) We will distribute 30% of the total amount that we receive from Terra's project team.
Tentative distribution schedule: 06-06-2022
2) The remaining 70% of the balances would be distributed on a monthly basis to eligible users over a period of 24 months, starting from December'22.
The Distribution ratio for Terra 2.0 (LUNA) Airdrop would be as follows:
PRE-ATTACK: 1 LUNC = 1.034735071 LUNA
POST-ATTACK: 1 LUNC = 0.000015307927 LUNA
Risk warning: Trading in cryptocurrencies are subject to market, technical, and legal risks. The prices of these assets fluctuate based on global demand and supply. Please make your trades cautiously. PocketBits is not responsible for your trading losses.