Bitfinex begins distribution of remaining 70% of Terra Luna airdrop

On April 4th, according to an official announcement, Bitfinex announced that the remaining 70% of Terra Luna (LUNA2) airdrop distribution had begun. Previously, on May 26, 2022 and May 28, 2022, Bitfinex announced that the first 30% of LUNA2 air drops would be distributed to eligible holders of Terra Luna Classic (Luna) and TerraUSD (TERRAUST).

Bitfinex will begin distributing the remaining 70% of LUNA2 airdrops

Introduction

On April 4th, 2022, Bitfinex made an official announcement on its blog that the distribution of the remaining 70% of Terra Luna (LUNA2) airdrop had begun. This is great news for eligible holders of Terra Luna Classic (Luna) and TerraUSD (TERRAUST) who were eagerly waiting for their share of the airdrop. In this article, we will take a closer look at what Terra Luna is and how the airdrop is structured.

Terra Luna

Terra Luna is a blockchain platform that aims to create a stablecoin ecosystem. It was launched in 2019 and has gained a lot of popularity since then. The platform uses a two-token system, where Terra is the stablecoin that is pegged to the US dollar, and Luna is the governance token that enables holders to participate in the governance of the platform.
Terra Luna is unique because it uses a stablecoin with a stable value to promote the use of decentralized applications (dApps) on its platform. This approach is different from other blockchain platforms, where the value of their native tokens can vary greatly, making it difficult to use them as a medium of exchange.

The Airdrop

An airdrop is a marketing strategy used by blockchain projects to distribute tokens to potential users. The tokens are usually given out for free, and the hope is that they will attract new users to the platform.
The Terra Luna airdrop is a two-part airdrop, with the first 30% of LUNA2 being distributed to eligible holders of Luna and TerraUST on May 26 and May 28, 2022, respectively. The remaining 70% of LUNA2 is being distributed in April 2022, with the exact date not being specified.
To be eligible for the airdrop, holders of Luna and TerraUST must have held their tokens during the snapshot date of March 27th, 2022. The amount of LUNA2 that eligible hodlers receive is proportional to the amount of Luna and TerraUST they held during the snapshot.

Conclusion

Bitfinex’s announcement regarding the distribution of the remaining 70% of Terra Luna airdrop is great news for eligible holders of Luna and TerraUST who have been waiting patiently for their tokens. Terra Luna is a unique blockchain platform that aims to create a stablecoin ecosystem, and the airdrop is a great way to attract new users to the platform. As always, it’s important for investors to do their own research and to make informed decisions.

FAQs

1. What is an airdrop?

An airdrop is a marketing strategy used by blockchain projects to distribute tokens to potential users. The tokens are usually given out for free, and the hope is that they will attract new users to the platform.

2. When will the remaining 70% of the Terra Luna airdrop be distributed?

Bitfinex has announced that the distribution of the remaining 70% of the Terra Luna airdrop has begun in April 2022, but the exact date has not been specified.

3. How can I be eligible for the Terra Luna airdrop?

To be eligible for the airdrop, holders of Luna and TerraUST must have held their tokens during the snapshot date of March 27th, 2022. The amount of LUNA2 that eligible hodlers receive is proportional to the amount of Luna and TerraUST they held during the snapshot.