Binance will support the rebranding of the Terra network to the Terra Classic network and its airdrop program. LUNA, UST tokens on the Terra Classic network will be referred to as LUNA (Old Token), UST (Old Token) in the announcement.

The specific arrangements are as follows:

LUNA (Old Token), UST (Old Token) Trading Suspension Time:

At 22:00 on May 26, 2022 (East Eighth District time), the deposit and withdrawal of LUNA (old token) and UST (old token) will be suspended;

At 23:00 on May 26, 2022 (East 8th District time), trading will be stopped and the LUNA/BUSD and UST/BUSD spot trading pairs will be delisted, and the corresponding spot pending orders will be cancelled.

LUNA (old token), UST (old token) code will be changed to LUNC, USTC:

The code of LUNA (old token) will be changed to LUNC;

The code for UST (Old Token) will be changed to USTC.

LUNC, USTC transaction recovery time:

At 17:30 on May 30, 2022 (East Eighth District time), LUNC/BUSD and USTC/BUSD spot trading will be opened;

At 17:45 on May 30, 2022 (East Eighth District time), the deposit and withdrawal of LUNC and USTC tokens will be resumed.

LUNA New Token Airdrop:

Binance will distribute Terra 2.0 LUNA (new tokens) to all eligible users according to the token distribution plan of the Terra project team. The specific distribution ratio will be announced separately.

Category Assets Holdings Snapshot Timing Recovery Type Assets Distributed Distribution Plan
Pre-attack LUNA (old), AnchorUST (aUST)* 2022-05-07 14:59 (UTC), at Terra Classic block height of 7,544,910 < 10k LUNA (old) holding LUNA (new) – distribute 30% of the total amount received before 2022-05-31 08:30 (UTC);

– from December 2022 onward, monthly distribution of the remaining 70% over 24 months.
Pre-attack LUNA (old), AnchorUST (aUST)* 2022-05-07 14:59 (UTC), at Terra Classic block height of 7,544,910 10k ≤ LUNA (old) holding < 1M LUNA (new) – from June 2023 onward, monthly distribution over 24 months.
Pre-attack LUNA (old), AnchorUST (aUST)* 2022-05-07 14:59 (UTC), at Terra Classic block height of 7,544,910 ≥ 1M LUNA (old) holding LUNA (new) – from June 2023 onward, monthly distribution over 48 months.
Pre-attack LUNA (old), AnchorUST (aUST)* 2022-05-07 14:59 (UTC), at Terra Classic block height of 7,544,910 LUNA (old) and UST (old) Staking users LUNA (new) – distribute 30% of the total amount received before 2022-05-31 08:30 (UTC);

– from December 2022 onward, monthly distribution of the remaining 70% over 24 months.
Post-attack LUNA (old), UST (old) 2022-05-26 16:38 (UTC),
at Terra Classic block height of 7,790,000		 Retail users LUNA (new) – distribute 30% of the total amount received before 2022-05-31 08:30 (UTC);

– from December 2022 onward, monthly distribution of the remaining 70% over 24 months.
* Lock UST (old token) on the chain, and you will get AnchorUST (aUST) as a certificate. Therefore, users who participate in UST (Old Token) lock-up through the Binance Staking platform are eligible for this airdrop and will be included in this airdrop plan.

The attack-pre-snapshot includes: spot account, leveraged account, Binance treasure account, staking account, and LUNA (old token) in the currency-margined contract account, but does not include the U-margined contract account.

Attack-post snapshot includes: LUNA (old token), UST (old token) in spot account.

Leveraged accounts, loan accounts, and LUNA (Old Tokens), UST (Old Tokens) transferred from these accounts to spot accounts will not be covered by the airdrop.

For users who participate in the staking lock-up of LUNA (old token) and UST (old token), the specific airdrop distribution details will be announced separately.

U.S. citizens, corporate entities, and regions on trade or economic sanctions lists will not be able to receive this airdrop. For more information, please refer to the Binance Terms of Use.

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