Terra (LUNA) is running itssecond airdrop, where holders can claim LUNA tokens using its claim interface.
LUNA holders have until 4 October 2022 to claim their airdrop – after which any unclaimed LUNA will besent to the LUNA community pool.
The first airdrop of LUNA was in May, shortly after the depegging of the stablecoin terraUSD (UST) and the collapse of its sister token LUNA.
The idea behind the airdrop is to reimburse the crypto wallets that held LUNA after both tokens crashed in value. This led to the creation of the original Terra Classic (LUNC) and the new LUNA token.
The steps needed to take to claim LUNA airdrop
Numerous steps are required to claim LUNA in the airdrop, which has been dubbed the Terra Phoenix airdrop and began on 4 September.
Holders must visit phoenix-airdrop.terra.money. Then they must select which wallet they want to use. Eligible wallet providers include Terra Station, Terra Station Mobile, Keplr and Metamask.
Swap short:
Swap long:
| Long position overnight fee | -0.0616% |
| Short position overnight fee | 0.0137% |
| Overnight fee time | 21:00 (UTC) |
| Spread | 2.2652 |
Users must enter a new Terra wallet address – which must be verified to be new – to where they would like to receive the airdrop.
A small amount of LUNA will be then deducted from the airdrop to account for gas fees for those claiming from non-Terra chains.
Terra Classic rises by over 500% after new supply burn feature
LUNC has seen a surge in price over the course of the past month after a new token burning system was introduced.
The rise, which was by 504% on 9 Spetember, was attributed to a proposal by a Terra Classic community member, Edward Kim. The proposal originally stated that a 1.2% token burn should be implemented on all transactions with the aim of making LUNC a deflationary crypto.
The same month saw bitcoin (BTC) and ether (ETH) fall in value.
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