What is the Luna 2.0 airdrop & how does it work?

The LUNA 2.0 airdrop is another way to help the ecosystem move forward. According to the plans, eligible investors who held Terra ecosystem tokens will receive the new LUNA in their crypto wallets. What they receive will factor in how much they held before, how long they held it, and what exchanges and wallets they are working with.

What is a Luna 2.0 recovery plan?

After the UST de-pegging crisis that has influenced the price of Luna token to drop drastically over the past two weeks, there’s been a proposal by the Luna founder Do Kwon – which was meant to be a recovery plan for the Luna ecosystem tagged as Luna 2.0.

What is the airdrop of the new Lanas?

The airdrop of the new LUNAs will be gradual and will mainly reward those who held LUNA and UST before the collapse. Before launching the new chain, the developers will take a snapshot (at 8:59pm UK time on Thursday 26 May) of all tokens in the old chain and then distribute the new LUNAs on the updated version.

What's new in Luna 2?

Alongside this, Luna 2.0 replaced the existing version of Luna. It has severed ties to the UST stablecoin that saw the crash happen in the first place. Alongside the new chain, most of the dApps will also migrate to the new chain. Most other features will transfer over, according to Terra.