Final Decision Made for Terra, Who Upturned the Cryptocurrency World: What Will Happen to LUNA and UST Holders?

 

There has been a new development on the Terra (LUNA) front, which has upset the crypto money markets. The cryptocurrency community has made its final decision on what to do next. Here's what awaits investors holding LUNA and UST...

The number one agenda of the crypto money markets in the past weeks was the cryptocurrencies named LUNA and UST .  It was claimed that  these cryptocurrencies in the same network were operated, the price of UST, which should always be 1 dollar, decreased to $ 0.05, while Terra (LUNA) experienced a depreciation of 99.97 percent in one day . Developments, which caused billions of dollars of loss to investors, shook the confidence in the crypto money markets, and Bitcoin fell to the level of 26 thousand dollars due to these developments .

 

Do Kwon, the name behind LUNA, made a statement last week and suggested a plan to save both LUNA and UST. The solution proposal, which you can find all the details in our news here , was based on switching 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 officially accepted the dev team's solution proposal with some changes.

 

What awaits investors?

 

 

Both LUNA and UST were among the popular listings in the cryptocurrency markets . Also, both cryptocurrencies were very important for investors in Turkey. Naturally, with the last decision taken, everyone started to wonder what awaits the investor. Now, we will give you the answer to this question  under separate headings, without confusing you and without going down to the technical aspect of the job .

 

What will Terra (LUNA) investors do?

Let's say you were an investor and held a certain amount of LUNA before the LUNA attack happened. The team has reserved 35 percent of the total supply of new cryptocurrencies to be released with the new blockchain 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;
  • 30 percent of your balance will be credited to your account initially. The remaining 70% will be delivered in a distributed manner over 2 years. A 6-month lock will be applied for the portion distributed over 2 years .
• If the amount of LUNA you have is between 10 thousand and 1 million;
  • Your balance will be completed by distributing it over 2 years with 1 year locked .
• If the amount of LUNA in your hand is more than 1 million;
  • Your balance will be completed by distributing it over 4 years with 1 year locked .
    

 

What will TerraUSD (UST) investors do?

Although the statements made are promising for LUNA investors, it seems that there is nothing left for UST investors to do . Namely; The accepted proposal does not contain any information for investors holding the UST before the attack. However, if you bought UST after the attack, 15 percent of the new tokens are reserved for investors like you. 

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