Hodlnaut Supports the New Terra Network (LUNA) Airdrop

Additional information on the airdrop for eligible users

Dear users,

Hodlnaut is pleased to share more information about the new Terra Network LUNA token airdrop.

The current (old) Terra chain has been renamed as Terra Classic, the current (old) Terra token LUNA has been renamed as Luna Classic LUNC and the current (old) Terra token UST has been renamed as UST Classic USTC.

Subject to Hodlnaut’s successful receipt of the Terra project team’s issuance of LUNA tokens, we will facilitate the distribution of the new Terra 2.0 token (LUNA) to all eligible users.

You can find more information below:

Token Name Updates

(old) LUNA = LUNC
(old) UST = USTC
(new) LUNA ticker = LUNA

New LUNA Airdrop

No action is required to receive the airdrop and it will be automatically credited to eligible accounts. The airdrop of the unlocked LUNA will be processed by 1 June 2022, 5 PM (GMT+8).

Vested tokens will be directly added to Hodlnaut accounts, however final details on distribution frequency and implementation will be announced at a later date once we have firmed up details.

As for the amounts and vesting, we will follow the same structure as the original airdrop, and take balance snapshots following the same Pre-attack (7 May 2022, 22:59:37 GMT + 8) and Post-attack (27 May 2022, 00:38:08 GMT + 8) timings. These snapshots include Fixed-Term Deposits at the time of the snap.

Notes:
- Due to the nature of the old tokens being lent out, and also balance caps in the airdrop distribution, there will be some differences in amounts compared to users holding the same tokens in their own wallets. Any adjustments will be prorated at our discretion.
- At launch, no interest will be paid on the new LUNA token and it will not be available for fixed-term deposits. We will monitor the market and keep our users updated.
- We are working to enable token swap and withdrawal support for LUNA. We seek your kind understanding as we need to coordinate this with our trading and wallet partners to support this, thus unable to commit to a specific release date for these at this time.
- Users are able to withdraw of LUNC and USTC to exchanges/platforms that support it from Hodlnaut. No interest can be earned on these tokens.
- Please note the new LUNA (New) Airdrop exercise is subject to the successful execution of the Terra Ecosystem Revival Plan.
- Hodlnaut reserves the right to cancel or amend the airdrop rules at our sole discretion and our Terms of Service and shall not be liable should there be any changes made on the distribution plan governed by the Terra Network in relation to the airdrop.

If you have any further questions, please email support@hodlnaut.com.

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