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Luna airdrop: How to claim your second Terra holders tranche via new interface

By Darius McQuaid

Edited by Charlie Mellor

12:10, 12 September 2022

A Terra Luna cryptocurrency logo is displayed on a smartphone
The first airdrop of LUNA was in May, shortly after the depegging and collapse of the stablecoin TerraUSD (UST) and its sister token LUNA – Photo: Getty Images

Terra (LUNA) is running its second 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 be sent 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.

XRP/USD

0.62 Price
-2.120% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

DOGE/USD

0.12 Price
-5.460% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

SOL/USD

169.30 Price
-6.140% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2652

ETH/USD

3,138.22 Price
-6.820% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

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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The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
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