AEX SUPPORTS LUNA'S MIGRATION AND AIRDRP TO EXISTING LUNA AND UST HOLDERS

jerrisity (49)in #aex • 2 years ago (edited)

Dear AEX Family,

According to the Terra announcements, the original chain will be rebranded as Terra Classic. Luna (LUNA) on the new chain will be airdrop to existing LUNA and UST holders. AEX will support this migration and airdrop>>Link. Details are as follows.

1.AEX will take a snapshot of LUNA (old, current LUNC) in users’ Spot, Liquidity accounts and LUNA (old, current LUNC) , UST (old) in users’ Saving accounts and at block height 7,544,910, which is expected to occur at 14:59 (UTC) on May 07, 2022. AEX will issue LUNA (new) based on the results of the snapshot details are as follows.

2.AEX will take a snapshot of LUNC and UST in users’ Spot accounts at block height 7,790,000, which is expected to occur at 19:59 (UTC) on May 26, 2022.AEX will 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.

Please note:

1.The distribution ratio per account will be announced in a separate announcement.

2.At both snapshot time points, if the user has borrowed LUNA (old, now LUNC) or UST in the AEX Loan,will not qualify to receive tokens from the airdrop.

Risk warning

Digital assets are innovative investment products whose prices may fluctuate violently. Users are requested to rationally judge their risk tolerance and make decisions prudently.

AEX Operation Team

May 26, 2022 (UTC)

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