Dear CoinEx users,
According to the announcement of “CoinEx Will Support Terra Migration and Suspend LUNA and UST Trading Services”, CoinEx will issue the new LUNA token to all eligible users according to the token distribution plan of Terra. The details are as follows.
CoinEx Airdrop Plan
|
Category |
Assets Holdings |
Snapshot Timing |
Recovery Type |
Assets Distributed |
Distribution Plan |
|
Pre-Attack |
LUNA (old), |
2022-05-07 00:00 (UTC) |
Qualified users |
LUNA (new) |
· Distribute 30% of the total amount received. Please pay attention to the follow-up announcement. · From June 2023 onward, monthly distribution over 24 months. |
|
Post-Attack |
LUNA (old), UST (old) |
2022-05-26 16:38 (UTC), at Terra Classic block height of 7,790,000 |
Qualified users |
LUNA (new) |
· Distribute 30% of the total amount received at 2022-05-28 (UTC). · From December 2022 onward, monthly distribution of the remaining 70% over 24 months. |
LUNA Airdrop Ratios
|
Pools |
LUNA Airdropped on Terra 2.0 |
|
Pre-Attack LUNA (LUNC) Holders |
1.034735071 |
|
Post-Attack UST (USTC) Holders |
0.02354800084 |
|
Post-Attack LUNA (LUNC) Holders |
0.00001530792 |
Min. Holding for Snapshot
LUNA(LUNC) Assets at the time of Pre-Attack snapshot : 1 LUNA
UST(USTC) Assets at the time of Post-Attack snapshot : 100 UST
LUNA(LUNC) Assets at the time of Post-Attack snapshot : 100,000 LUNA
Airdrop Distribution
CoinEx has completed two asset snapshots according to the above airdrop plan, and completed the first Luna (new token) airdrop(30% of the total airdrop) to all eligible users, including UST(USTC) holders after the attack and LUNA(LUNC) holders after the attack. CoinEx will continue to issue Luna (new token) airdrops to qualified users according to the airdrop plan. Please pay attention to the subsequent announcements.
Rename
CoinEx has completed the rename of LUNA(old) and UST(old) to LUNC (Luna Classic) and USTC (TerraClassicUSD).
Services
1. Deposit: 12:00 May 28, 2022 (UTC)
2. Withdrawal: 12:00 May 28, 2022 (UTC)
3. Trading pairs: LUNA/USDT, LUNC/USDT, USTC/USDT
4. Opening method: Call Auction
a. Call Auction
12:10-12:30 May 28, 2022 (UTC)
Orders can be placed and canceled
12:30-12:40 May 28, 2022 (UTC)
Orders can be placed but cannot be canceled
b. Trading
12:40 May 28, 2022 (UTC)
Risk Reminder
It is your responsibility to understand the implications of the LUNA and UST migration and the new LUNA airdrop. CoinEx is not liable for any losses. Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the right of final interpretation of this announcement.
CoinEx Team
May 28, 2022