25% - Community pool, controlled by staked governance
1% - Essential Developers emergency allocation. No lockup
4% - Essential developers (1 year cliff, 4 year vesting thereafter, granted after launch traction)
35% - All bonded / unbonded Luna, minus TFL at “Pre-attack” snapshot For wallets with < 1M Luna: 1 year cliff, 2 year vesting thereafter For wallets with > 1M Luna: 1 year cliff, 4 year vesting thereafter
10% - Luna holders (staking derivatives included) at the “Launch” snapshot - 10% unlocked at genesis, 90% vested over 2 years thereafter
25% - UST holders at the “Launch” snapshot - 10% unlocked at genesis, rest vested over 2 years thereafter
Timeline
05/17 - Announcement out
05/18 - Governance proposal out
05/21 - Terra Core release is cut, network launch instructions made available for validators
05/27 - Genesis file created from final launch snapshot
5/27 ~ Network launch
UST holders will receive the largest allocation of new tokens, 25%, when the snapshot takes places on 5/27
this is extremely whale + VC friendly. If major investors got rekt by Terra's collapse, their best bet on having a large portion of new luna tokens would be by amassing as many UST tokens for the 5/27 snapshot.
UST pumped harder today than LUNA and is dipping less showing major signs of accumulation
Lets see. USD$1000 invested in UST current price 0.12 = 8333. 8333/11,000,000,000 = 0.00000075 0.00000075 * 250,000,000 = 190, so 19 new luna tokens immediately.
USD$1000 in Luna (currently 0.00021) = 4,762,000 4762000/6,500,000,000,000=0.000000732 0.000000732 * 100,000,000 = 73.2, so 7.32 new Luna tokens immediately.
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