April 23, 2025
Blockchain

Final decision made for Terra, which rocked the cryptocurrency world: what will happen to owners of LUNA and UST?

  • May 25, 2022
  • 0

The number one agenda of the cryptocurrency markets in recent weeks, LUNA and UST were cryptocurrencies† These cryptocurrencies in the same network It was alleged that the operation

Final decision made for Terra, which rocked the cryptocurrency world: what will happen to owners of LUNA and UST?

The number one agenda of the cryptocurrency markets in recent weeks, LUNA and UST were cryptocurrencies† These cryptocurrencies in the same network It was alleged that the operation was performed, The price of UST, which should always be $1, has fallen to $0.05, while Terra (LUNA) is single day. about 99.97 percent depreciation have lived. Developments, which have caused billions of dollars in losses for investors, have shaken confidence in the cryptocurrency markets, and Bitcoin has been affected by these developments. It dropped to the $26 thousand level.

Do Kwon, the name behind LUNA, made a statement last week, proposing a plan to save both LUNA and UST. to all details in our news here solution proposal you can reach, was based on migration to a new blockchain† Investors would have opened a new page for themselves with this plan, even if they had lost. Because the new blockchain process also gave investors a share. Now there has been an important development with regard to this solution proposal. The Terra community has updated the developer team’s solution proposal with some changes. officially accepted

What can investors expect?

Terra Luna

Both LUNA and UST are in the cryptocurrency markets. was one of the popular lists† Also, both cryptocurrencies were very important for investors in Turkey. In the final decision, everyone naturally wondered what to expect for the investor. Now for you the answer to this question without getting confused and getting to the technical aspect of the workare given under separate headings.

What will Terra (LUNA) investors do?

Let’s say LUNA You were an investor before the attack and you were holding a certain amount of LUNA. The team has determined that the total supply of new cryptocurrencies released with the new blockchain has reserved 35 percent for you† So you already have some of the new cryptocurrency. Let’s see what awaits you now.

  • If the amount of LUNA in your hand is less than 10 thousand;
    • your balance 30 percent of It will be credited to your account initially. The remaining 70% will be delivered over 2 years. For the part spread over 2 years 6 months lock application To do.
  • If the amount of LUNA you have is between 10 thousand and 1 million;
    • 1 year locked spread over 2 years your balance will be topped up.
  • If you have more than 1 million LUNA;
    • 1 year locked spread over 4 years your balance will be topped up.

What will TerraUSD (UST) investors do?

While the statements made are promising for LUNA investors, for UST investors Seems like there’s nothing left to do† Namely; The accepted proposal contains no information for investors who had the UST before the attack. However, if you received a UST after the attack, 15 percent of new tokens reserved for investors like you.

  • It doesn’t matter how much UST you received after the attack;
    • your balance 30 percent of It will be credited to your account initially. The remaining 70% is spread over 2 years will be delivered one way or another. A block of 6 months is applied for the part spread over 2 years.

This content is not investment advice.

Source: Web Tekno

Leave a Reply

Your email address will not be published. Required fields are marked *