Dear users,
Pionex will support the rebranding of the Terra network to the Terra Classic network and the airdrop program. LUNA tokens on the Terra Classic network will be referred to as LUNA(old) in the announcement.
Further details are shown in the timeline below:
- At 14:50 on May 26, 2022(UTC), trading will be stopped and the LUNA/BUSD spot trading pair will be delisted, and the corresponding spot pending orders and robot orders will be cancelled;
- The ticker for the LUNA (old) token will be renamed as LUNC.
- On May 30, 2022 (UTC+8), Pionex will open LUNC/BUSD spot trading;
- We will distribute the new Terra 2.0 token (LUNA) to all eligible users based on Terra project team’s token distribution plan. The distribution ratio per account will be announced in a separate announcement.
| Category | Assets Holdings | Snapshot Timing | Recovery Type | Assets Distributed | Distribution Plan |
| Pre-attack | LUNA (old) |
2022-05-07 15:00 (UTC),
at Terra Classic block height of 7,544,910
|
10k ≤ LUNA (old) holding < 1M | LUNA (new) | - from June 2023 onward, monthly distribution over 24 months. |
| Post-attack | LUNA (old) |
2022-05-26 20:00 (UTC),
at Terra Classic block height of 7,790,000
|
Retail users | LUNA (new) |
- distribute 30% of the total amount received before 2022-05-31 08:30 (UTC);
- from December 2022 onward, monthly distribution of the remaining 70% over 24 months.
|
Please note:
- The pre-attack snapshots will include:LUNA(old) balances in Spot accounts, LUNA(old) balances in lending accounts；
- The post-attack snapshots will include：LUNA(old) balances in Spot accounts
For more information, please refer to the following:
Risk warning:
Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously. Though Pionex will make its best efforts to choose high-quality assets, Pionex could not assure any profit and will not be responsible for your trading loss.
Thanks for your support!
Pionex Team
May 26, 2022
【Join the official community】
Twitter: https://twitter.com/pionex_com
Facebook: https://www.facebook.com/pionexglobal
Reddit: https://www.reddit.com/r/Pionex/
Comments
0 comments
Article is closed for comments.