Terra Raises Proposal to Airdrop $LUNA From Community Pool

Terra Raises Proposal to Airdrop $LUNA From Community Pool

The new iteration of the Terra blockchain workforce, after distortion of its older model, raised a proposal entitled “Phoenix Airdrop” to airdrop $LUNA tokens from the neighborhood pool to these customers who couldn’t obtain an accurate allocation of it.

According to the announcement on Twitter, the airdrop can be carried out for these customers who failed to get the fitting allocation of tokens due to technical constraints or points related to indexing stay on Agora if the proposal passes.

Through this proposal, LUNA requests the 18,709,455 $LUNA tokens from the Community Pool. If the proposal passes, these tokens might be distributed throughout totally different blockchains reminiscent of Ethereum, Avalanche, BNB Chain, Polygon, Fantom, and others. 

Terra has listed totally different eligible blockchains, protocols, and pockets varieties for the airdrop. Although it stored some chains out of this airdrop “due to inabilities to properly index technical complexities or small amounts of USTC, aUST, or LUNC held on-chain at the snapshot height.”

Additionally, customers can have one month from August 28 to September 28 to declare their airdrop supplied the governance approves the plan. If LUNA will not be claimed by September 28, 2022, it is going to be given again to the neighborhood pool.

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