The abrupt failure of the Terra ecosystem has sent shockwaves throughout the cryptocurrency community over the past couple of weeks. After its algorithmic stablecoin, UST, lost its dollar parity, everything came crashing down, and many investors were left with nothing as LUNA quite literally fell to $0. This left many investors with nothing to show for their investments.
According to the terms outlined in Proposal 1623, the community of Terra will receive an airdrop of the native staking token known as LUNA. After the Genesis event, which will take place on May 27th, 2022, eligible holders of LUNC, USTC, and aUST will get LUNA on the new chain as an airdrop.
The upcoming LUNA airdrop and the manner in which it will be delivered to owners of LUNC tokens is unquestionably one of the most popular subjects of conversation right now.
To summarize, the following is how the distribution is broken down:
In addition to this, the wallet associated with Terraform Labs (TFL) will be removed from the whitelist for the next airdrop, the goal of which is to make “Terra a wholly community-owned chain.”
If you meet the following criteria, you will be able to participate in the LUNA airdrop:
The amount to which you are entitled is determined by a number of criteria, including the following:
The vast developer pool and active LUNAtic community that helped Terra Classic become the second largest smart contract blockchain behind Ethereum will be inherited by the new Terra network when it launches. As the community moves to the new chain, the majority of the well-known Terra Classic projects will follow suit and join them, including the following:
Terra, which will be the entrance to the larger Cosmos environment and other ecosystems beyond, will be constructed with interoperability in mind. The original version of Luna will not be entirely eradicated; rather, it will continue to operate in parallel with the updated Luna 2.0. The previous version of Luna, which has since been rebranded as Classic, and UST token holders will each receive a portion of the 1 billion newly created tokens.
RoboFi (https://robofi.io/home/) is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.
VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.