What Will Happen to LUNA and UST Owners?

The number one agenda of the crypto money markets in the past weeks, LUNA and UST were cryptocurrencies. These cryptocurrencies in the same network It was alleged that the operation was carried out, The price of UST, which should always be 1 dollar, decreased to $ 0.05, and Terra (LUNA) in one day around 99.97 percent depreciation had lived. Developments, which inflicted billions of dollars in losses for investors, have shaken the confidence in the crypto money markets, and Bitcoin has been affected by these developments. It fell to the level of 26 thousand dollars..

Do Kwon, the name behind LUNA, made a statement last week and suggested a plan to save both LUNA and UST. to all the details in our news here solution proposal you can reach, was based on migrating to a new blockchain. Investors would have opened a new page for themselves with this plan, even though they had lost. Because the new blockchain process also gave a share to the investors. Now, there has been an important development regarding this solution proposal. The Terra community has updated the developer team’s solution proposal with some changes. officially accepted.

What awaits investors?

Both LUNA and UST are in the cryptocurrency markets. was among the popular lists. Also, both cryptocurrencies were very important for investors in Turkey. Naturally, with the final decision, everyone wondered what awaits the investor. Now for you the answer to this question without getting confused and getting down to the technical aspect of the jobwill be given under separate headings.

What will Terra (LUNA) investors do?

Let’s say LUNA You were an investor before the attack took place and you were holding a certain amount of LUNA. The team has determined that the total supply of new cryptocurrencies to be released with the new blockchain has reserved 35 percent for you. So you already have a portion of the new cryptocurrency. Let’s take a look at what awaits you now.

• If the amount of LUNA in your hand is less than 10 thousand;
  • your balance 30 percent of It will be credited to your account initially. The remaining 70% will be delivered in a distributed manner over 2 years. For the portion distributed over 2 years 6 month lock application to do.
• If the amount of LUNA you have is between 10 thousand and 1 million;
  • 1 year locked distributed over 2 years your balance will be completed.
• If you have more than 1 million LUNA;
  • 1 year locked distributed over 4 years your balance will be completed.

What will TerraUSD (UST) investors do?

While the statements made are promising for LUNA investors, for UST investors Seems like there’s nothing left to do. Namely; In the accepted proposal, there is no information for investors holding the UST before the attack. However, if you received a post-attack UST, 15 percent of new tokens reserved for investors like you.

• No matter how much UST you received after the attack;
  • your balance 30 percent of It will be credited to your account initially. The remaining 70% is distributed over 2 years will be delivered somehow. A 6-month lock will be applied for the portion distributed over 2 years.

This content is not investment advice.