Upbit, the South Korean-based cryptocurrency trade, has detailed its plans for the forthcoming LUNA2 airdrop focusing on LUNC holders. LUNC, beforehand often known as LUNA, underwent a rebranding and its holders at the moment are on the cusp of receiving LUNA2 tokens.
Snapshot Insights
The LUNA2 airdrop is slated to kick off within the subsequent 24 hours.
A staggered distribution method has been adopted, with 70% of the airdrop tokens to be rolled out over a span of 24 months.
Two pivotal snapshots have been captured to find out the airdrop’s distribution:
1. First snapshot: 2022-05-07, 22:59:37 (SGT) at block peak 7,544,910. Trade fee: 1 LUNC = 1.034735071 LUNA2.
2. Second snapshot: 2022-05-27, 00:38:08 (SGT) at block peak 7,790,000. Trade fee: 1 LUNC = 0.000015307927 LUNA2.
A bonus provision is in place: LUNC holders with a steadiness exceeding 10,000 on the first snapshot’s time shall be entitled to an additional 30% of the preliminary airdrop through the second part.
Caveats to Take into account
Upbit’s endorsement of the airdrop would not equate to a buying and selling inexperienced mild for LUNA2 on their platform.
UNA2 airdrop portions shall be truncated to a most of 8 decimal locations.
Month-to-month LUNA2 airdrop portions are topic to alter, contingent on the vesting launch technique, a choice resting with the token’s governing basis.
The Upbit workforce signed off the announcement, reiterating their dedication to their consumer base.
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