Here’s How Wrapped Luna Classic (wLUNC) Holders on Ethereum Will Receive LUNA 2.0 Airdrop, Including Coinbase Users

For the Terra group members who’ve been anticipating the airdrop of LUNA 2.0 to Wrapped LUNA (wLUNC) holders on the Ethereum community, FatMan is right here with the newest replace.

In a thread of tweets on the seventh of June, FatMan, the pseudonymous member of the Terra Analysis Discussion board that gives analysis, updates, and evaluation on the Terra scenario because it unfolds, acknowledged that each one the LUNA variant holders, together with Wrapped LUNA Traditional on the Ethereum community, will obtain the LUNA 2.0 airdrop like others, however at an unspecified date.

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In line with FatMan, the Terra crew of builders is at present indexing all of the blockchains that energy the LUNA variants.

The Terra group whistleblower identified that the airdrop might be based mostly on the snapshot blocks from the unique proposal. This suggests that whoever buys wLUNA now gained’t obtain the LUNA 2.0 airdrop.

FatMan tweeted, “Since I get requested about wLUNA a lot, right here’s an replace for everybody. All of those LUNA variants (together with Wrapped LUNA Traditional on Ethereum) will obtain the LUNA 2 airdrop at a later date – Terra devs are at present indexing all of those chains – it’s laborious work!

“The airdrop might be based mostly on the snapshot blocks from the unique proposal, so shopping for wLUNA now is not going to entitle you to the airdrop. Holding wLUNA does *not* entitle you to 1:1 redemption of latest LUNA. Slightly, you may promote wLUNA on Uniswap (roughly value the identical as LUNC).”

The airdrop might be based mostly on the snapshot blocks from the unique proposal, so shopping for wLUNA now is not going to entitle you to the airdrop. Holding wLUNA does *not* entitle you to 1:1 redemption of latest LUNA. Slightly, you may promote wLUNA on Uniswap (roughly value the identical as LUNC). (2/2)

— FatMan (@FatManTerra) June 7, 2022

wLUNC Holders On Coinbase Will Obtain the Airdrop

In line with a person who reacted to the replace, “Many of the $wLuna is held by @coinbase they usually’re not a part of the airdrop.”

In response to the person’s concern, FatMan stated all wLUNA holders on Coinbase are a part of the airdrop program. Nevertheless, the distribution of the tokens solely relies on Coinbase’s resolution.

Learn Additionally: LUNA Can Now Be Sent From Terra 2.0 to Ethereum via a Newly Launched Terra Bridge V2

FatMan tweeted, “wLUNA holders on Ethereum will get the airdrop. This consists of Coinbase. Whether or not Coinbase decides to cross their airdrop onto customers or not is one thing that solely they will reply.”