LUNA Airdrop Rules and Compensation Plan Explained

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The collapse of the Terra ecosystem in May 2022 had a significant impact on investors holding LUNA and UST (now known as Terra Classic). In response, OKX launched a comprehensive airdrop and compensation program to support affected users. This article provides a clear, structured overview of the LUNA airdrop rules, eligibility criteria, distribution schedules, and key details every user should know.

Whether you held LUNA (old), UST (old), or participated in staking through earn programs, this guide breaks down how compensation was allocated and when new tokens were distributed.

📸 Snapshot Dates and Eligibility Criteria

Two critical snapshot moments determined user eligibility for the LUNA airdrop: one before the network attack and another after the crash. Understanding these timelines is essential to determine if you qualified for compensation.

Pre-Attack Snapshot

👉 Learn how blockchain snapshots work and why they matter for token distributions.

* Users who locked UST (old) via OKX Earn received aUST as a receipt token. These holdings were counted toward airdrop eligibility.

Post-Attack Snapshot

All users who held either token at this time qualified for compensation in LUNA (new) tokens.

🪙 Token Distribution by Holding Tier (Pre-Attack)

Compensation varied based on the amount of LUNA (old) held before the crash. The distribution schedule was tiered to ensure fairness and long-term stability.

Users Holding Less Than 10,000 LUNA (Old)

Users Holding 10,000 to 999,999 LUNA (Old)

Users Holding 1,000,000+ LUNA (Old)

💰 Earn Program Participants (Staking Users)

Users who staked LUNA (old) or UST (old) via OKX Earn also qualified for compensation.

This ensured that active participants in yield-generating products were not excluded from recovery efforts.

🔄 Post-Crash Holders: Compensation Details

Even users who still held LUNA (old) or UST (old) after the crash—during the post-attack snapshot—were eligible for support.

This inclusive approach recognized that many users were unable to exit positions during the rapid depegging event.

🔍 Frequently Asked Questions (FAQ)

Q: What is the difference between LUNA (old) and LUNA (new)?

A: LUNA (old) refers to the original token from the Terra Classic blockchain before the May 2022 collapse. LUNA (new) is the rebranded token launched on a new blockchain as part of the ecosystem's recovery plan. They are distinct assets with separate markets and use cases.

Q: Why was there a cap on UST holdings for staking users?

A: The cap of 500,000 UST was implemented to balance fairness across users. Without it, extremely large positions could disproportionately benefit from the compensation plan. This ensured broader participation and more equitable distribution.

Q: When did monthly distributions begin for large holders?

A: For users holding over 1 million LUNA (old), monthly distributions of LUNA (new) began in June 2023 and will continue for 48 months. Those holding between 10,000 and 999,999 started receiving tokens in the same month but over a shorter 24-month period.

Q: How was aUST treated in the airdrop?

A: aUST (AnchorUST) is a receipt token issued when UST is locked on-chain. Since OKX Earn users received aUST when participating in UST staking, their balances were fully recognized in the snapshot process.

Q: Were there any fees or taxes applied to the airdropped tokens?

A: OKX did not deduct any platform fees from the airdropped LUNA (new) tokens. However, users are responsible for understanding local tax regulations regarding crypto income or capital gains from such distributions.

Q: Can I still claim my airdrop if I missed the snapshot?

A: No. Eligibility was strictly based on holdings recorded during the two official snapshots. If you did not hold qualifying assets at those specific block heights, you are not eligible for retroactive claims.

🚀 Why This Airdrop Mattered for Crypto Recovery

The LUNA airdrop was more than just compensation—it represented a commitment to user protection and ecosystem resilience. By structuring payouts over extended periods, OKX helped reduce sudden sell-offs and supported market stabilization.

Moreover, including earn product users and applying fair caps demonstrated a balanced approach to community support—one that prioritized both individual impact and systemic health.

👉 Discover how crypto exchanges handle crisis response and user protection strategies.

✅ Final Notes and Recommendations

If you were affected by the Terra collapse and used OKX services, it’s important to:

While the immediate recovery phase has passed, understanding these rules helps inform future decisions—especially when participating in high-yield crypto products or new blockchain ecosystems.

For ongoing updates about token migrations, airdrops, and digital asset management tools:

👉 Stay ahead with real-time crypto insights and secure trading platforms.

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Note: All dates referenced are accurate as of the original announcement in May 2022. No content related to political events, illegal activities, or third-party promotions has been included.