In support of Terra’s LUNA 2.0 airdrop, customers who held LUNA or staked TerraUSD (aUST) on Okcoin before the May 7 attack will receive an airdrop of the newly-minted Terra (LUNA) tokens. Customers who held LUNA and UST tokens after the attack on May 26 will also receive an airdrop.
If you are an eligible customer, you will need to claim your airdrop tokens on the desktop version of Okcoin. All of the airdrop tokens will then be credited directly to your funding account.
Steps to claim your airdrop
- Log into the homepage and hover over “Assets”
- Select “My Assets”
- Select “Funding Account” or "Overview"
- Uncheck "Hide zero balances"
- Click on the “•••” menu to the right of Terra (LUNA)
- Select “Claim”
- In the pop up window, select “Okcoin”
- Click “Submit”
When the above steps have been completed, you will receive LUNA in your funding account within 24 hours.
Airdrop calculation
To best understand your airdrop allocations, use the ratios below. For example, if you held 200 LUNA pre-attack, you will receive 206.947 LUNA. If you also held 200 LUNA post-attack, you will receive an additional 0.0030615854 LUNA.
- 1 Pre-attack LUNA* = 1.034735071 LUNA airdrop
- 1 Pre-attack aUST** = 0.01827712143 LUNA airdrop
- 1 Post-attack UST = 0.02354800084 LUNA airdrop
- 1 Post-attack LUNA = 0.000015307927 LUNA airdrop
*The pre-attack snapshot was taken on May 7, the post-attack snapshot was taken on May 26.
**aUST is TerraUSD that was staked on Okcoin Earn. The conversion rate of aUST to UST is 1 aUST = 1.2474725638 UST. This is due to the increasing size of the UST-deposit pool.
Release schedules
The terms of your airdrop will depend on the types and amounts of assets you held before and after the attack. The majority of holders will receive 30% of the drop on June 1.
Pre-attack LUNA holders:
- For wallets with less than 10K LUNA: 30% will be unlocked on June 1, the remaining 70% will be vested over 2 years with a 6 month cliff
- For wallets with less than 1M LUNA: 1 year cliff, 2 year vesting thereafter
- For wallets with more than 1M LUNA: 1 year cliff, 4 year vesting thereafter
Pre-attack aUST holders:
- For holdings up to 500K UST: 30% of the airdrop will be unlocked on June 1, the remaining 70% will be vested over 2 years with a 6 month cliff
Post-attack LUNA holders:
- 30% of the airdrop will be unlocked on June 1, the remaining 70% will be vested over 2 years with a 6 month cliff
Post-attack UST holders:
- 30% of the airdrop will be unlocked on June 1, the remaining 70% will be vested over 2 years with a 6 month cliff
Okcoin
June 1, 2022