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.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.