We donât know. Do Kwon once said that he will airdrop to exchanges. But itâs not possible if Binance doesnât support Luna2, obviously.
It differs from Airdrop to Airdrop. If you want to just get an idea what airdrops are and how to claim them generally, this subreddit will give you a good idea what they are: CosmosAirdrops (reddit.com) you can read the pinned posts.
Nothing, they will be fine but Binance can de-list them. You can usually still transfer them after de-list though.
Airdrops are not compensation or reimbursement. If you google airdrop, or read through airdrop communities like the CosmosAirdrops I mentioned, airdrops are more of a promotion to onboard investors rather than payment. Thus it can be worth a lot if the project goes well but most airdrops end up being pennies. Whether you can receive the airdrop on Binance or not is up to Binance, you should ask them.
Probably yes, most airdrops have a claiming window. Usually months, but anything from a few weeks to a year.
Hi,
Thank you for sharing the information and clearing my doubts.
I am still unsure. about the eligibility since I read somewhere that whoever bought the luna coins after 12 May is not eligible for a new airdrop. Is that true?
In the recovery plan 2 thread, Do Kwon mentioned that they will be giving New Luna coins to the Old Luna coin holders.
Sorry for making this hard for you. And I really appreciate your efforts in clarifying my doubts.
There are two snapshots, one on the 7th of May, which is weighted heavier (âoldâ holders get more of an airdrop), and then one on the 27th, which you will qualify for. It is just a much smaller drop because the investment needed to get a lot of Luna is much lower now.
Osmosis/Terra relayers have been down all week. You will need to wait until they are re-enabled for your transaction to either go through or refund to Osmosis.
I need to hold till I get this confirmation if Binance will be supporting Luna2 or not.
The Airdrop will begin here on the discussion website.
Incase Binance doesnât support Luna2 then i need to move my coins to Terra Wallet. And I can Claim my airdrop there. (Coz Terra Wallet must be supporting Luna2)
The place (Website) where the Airdrop will begin There will be instructions on how to claim along with other necessary information.
If Binance supports Luna 2 then I just need to follow the instructions and claim the tokens.
I know you also are not aware of some questions. But there is a chance that you must have faced this kind of confusion.
Np, usually airdrops arenât this messy, this is a very rushed procedure. Luckily Iâve been âgettingâ airdrops since last year on the Cosmos chain so Iâm used to this situation.
The snapshot will happen on 27th, so thatâs the time you will need to be holding. If Binance supports Luna2, you probably donât need to do anything but keep your coins on Binance on 27th. However itâs still advisable to keep your cryptocurrency in non-custodial wallets (like Terrastation); not your keys, not your crypto. Whether Binance supports it or not you can get the airdrop if you keep it on Terrastation. Itâs really not that hard actuallyâŚ
The Airdrop will be announced here for sure. But as this is a forum I imagine we wonât be getting anything here. I think it wouldnât be surprising if we saw everything on Terra - powering the innovation of money, Terra/Luna chainâs main website.
Yes, for sure. Even if not, the claim window certainly will not be a day or two so you will see lots of information here.
There may not be anything necessary if Binance supports Luna 2. Chances are theyâll just give it to you. My main exchange, Upbit, promised that they would do this to the holders.
So that means, if Binance supports Luna2 then the airdrop will automatically be created into my Binance wallet?
And if it doesnât then I can transfer my luna coins to Terra Wallet before 27 May and the Luna2 Airdrop will be automatically credited there. Is that correct?
Yes if Binance supports it. But thereâs a chance they wonât which is why itâs better for you to move your Luna to Terra station. We donât know if Binance will announce whether theyâll support Luna2 before 5.27 or not though. They probably will but even if they donât you canât blame them for anything. Thatâs why people are repeatedly advising you to move Luna to Terra station rather than leave them on Binance.
If Binance does not support Luna2 airdrop, you might need to click some buttons on the terra.money website after keeping your Luna on-chain (away from Binance). But itâs not going to be any harder than writing posts on agora thatâs for sure.
One last help. Could you please guide or share something that I can follow to transfer my coins to Terra Station? I googled something and found nothing. I know its too much but any help will be really appreciated. Thank you again.
Thank you a lot.
I have a question. I held Luna coins on my Binance wallet at the time of Snapshot. Now, whenever I check I see the number of coins but not their values. to give you a context, Letâs say I bought coins with [y] money. When I used to check my wallet there was a value [y] to my coins. now I can only see the number of coins and not their value in currency. Is that normal?
Thank you again.