Terra Version 2.0

If we can not moon then let the moon fall to us. Terra proposal to renew itself in the near future will likely pass vote. With that there will be an air drop of new Terra tokens based on the existing holdings of Luna and UST.

If you are curious how much new Luna 2.0 you will recieve based on your existing Terra holdings here is a link to a calculator:

https://terrarity.io/luna-airdrop

The airdrop break down is in two parts. Genesis is the part people can obtain on the initial day of air drop while vesting part is two years with every month dropping a portion of about 3% of the total air drop for two years.

For example 100 Luna holding post the UST de-peg will result in around 102 Luna 2.0 air drop. 33 from genesis and around 70 in vesting split for two years with a monthly release schedule.

Conclusions

Personally I am not that optimistic on the outcome but like to see what ever I can get back out of my Luna and UST investment. One other point to make here is that Luna and UST held in blockchains outside Terra at the time of the air drop but are connect through IBC cosmos will also be included in the air drop calculations. This means Luna and UST on Osmosis, Secret, and other Cosmos chains will be counted.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!

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