Supplemental Announcement for the First Airdrop of New Terra (LUNA) Tokens

Supplemental Announcement for the First Airdrop of New Terra (LUNA) Tokens

05/28/2022, 02:01:19

Dear KuCoin Users,

Regarding the first airdrop of new Terra (LUNA) tokens, please be noted of the following arrangements:

1. The snapshot for the Pre-Attack Luna Classic (LUNC) (old LUNA) holders was taken when the Terra Classic blockchain was officially halted at a block height of 7544910 at 14:59:37 on May 7, 2022 (UTC);

2. While the snapshot for the Post-Attack Luna Classic (LUNC) (old LUNA) and Terra Classic USD (USTC) (old UST) holders was taken when the Terra Classic blockchain was officially halted at a block height of 7790000 at 16:38:08 on May 26, 2022 (UTC).

KuCoin will distribute new Terra (LUNA) tokens received from the Terra Team to eligible KuCoin users according to the snapshots of KuCoin on the Luna Classic (LUNC) (old LUNA) and Terra Classic USD (USTC) (old UST) holders.

Users will be eligible for the new Terra (LUNA) airdrop on KuCoin if they meet any of the distribution conditions. The distribution conditions and plans are shown as follows:

CategorySnapshot TimingAssets DistributionEligible Assets for DistributionQuantity of AssetDistribution Plans
Pre-AttackTerra Classic block height: 7544910 (14:59:37 on May 7, 2022 (UTC)) New Terra (LUNA) TokensLuna Classic (LUNC) (old LUNA) Tokens0.0015≤ Luna Classic (LUNC) (old LUNA) holding < 10,000Distribute 30% of the corresponding new Terra (LUNA) tokens upon receiving from the Terra Team.

The remaining 70% will be distributed monthly within 24 months from December 2022.
10,000 ≤ Luna Classic (LUNC) (old LUNA) holding < 1,000,000New Terra (LUNA) tokens will be distributed monthly within 24 months from June 2023.
≥ 1,000,000 Luna Classic (LUNC) (old LUNA) holdingNew Terra (LUNA) tokens will be distributed monthly within 48 months from June 2023.
Post-AttackTerra Classic block height: 7790000 (16:38:08 on May 26, 2022 (UTC))Luna Classic (LUNC) (old LUNA) Tokens≥ 1,000 Luna Classic (LUNC) (old LUNA) holdingDistribute 30% of the corresponding new Terra (LUNA) tokens upon receiving from the Terra Team.

The remaining 70% will be distributed monthly within 24 months from December 2022.
Terra Classic USD (USTC) (old UST) Tokens ≥ 1.5 Terra Classic USD (USTC) (old UST) holding

Please note:

1. Minimum holding for eligibility:

Pre-Attack: 0.0015 Luna Classic (LUNC) (old LUNA);

Post-Attack: 1,000 Luna Classic (LUNC) (old LUNA) ,1.5 Terra Classic USD (USTC) (old UST).

2. KuCoin will support the following distribution of the new Terra (LUNA) tokens airdrop from December 2022 onward. The distribution will be announced separately.

3. More details will be announced separately.

For further information about the new Terra (LUNA) Airdrop Program, please refer to:

Terra 2.0 — LUNA Airdrop

Thanks for your support!

The KuCoin Team


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