Gate. io Has Completed the Second Round LUNA Distribution to LUNC and USTC Holders

Gate has now completed the second round of LUNA2.0 (LUNA) airdrop to eligible LUNC and USTC users. You can now log in your account to view tokens you have received.We will continue to distribute remaining LUNA airdrop monthly around 25th of every month until all is distributed.

LUNA2.0 (LUNA) Airdrop Distribution Plan:

1. Gate distributed 30% of LUNA on May 28, 2022.
2. The remaining 70% is unvested tokens, which will be available monthly over 24 months since December of 2022
3. Gate has now completed the second round of token distribution. The next round of distribution will be around January 25, 2023. The future distribution will take place around the 25th of every month without further notice.

About LUNA2.0 (LUNA) Airdrop
According to the LUNA2.0 (LUNA) airdrop plan, users with LUNC balance at pre-attack snapshot (taken on May 7, 15:00 UTC) and LUNC and USTC balances at the post-attack snapshot ( taken on May 26, 16:30 UTC) will be eligible for LUNA airdrop. 30% of LUNA airdrop was available on May 27 2022, and the remaining 70% will be released monthly over 24 month since December, 2022

Ratio of Airdropped LUNA
The ratio of airdropped LUNA 2.0 eligible users should receive (when all tokens are vested)

pre-attack LUNA1.0 ( now LUNC) holders ： 1 LUNC => 1.034735071 LUNA
post-attack LUNA1.0 (now LUNC) holders： 1 LUNC => 0.000015307927 LUNA
post-attack UST1.0 (now USTC) holders： 1 USTC => 0.02354800084 LUNA

Learn more about the airdrop ratio and rules:

https://medium.com/terra-money/terra-2-0-luna-airdrop-calculation-logic-3eb752c25837

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Gate Team
January 7, 2023