The highly anticipated second phase of the LUNA airdrop on OKX is now live. Eligible users who held Terra Classic (LUNC) and TerraClassicUSD (USTC) at the designated snapshot time on December 23, 2022, have already received their LUNA token distributions directly into their funding accounts.
This airdrop marks a significant milestone in the ongoing recovery and reallocation efforts following the Terra ecosystem’s restructuring. If you’re an OKX user with qualifying holdings, your tokens have been automatically credited—no action is required to claim them. Simply log in to your OKX account via the website or mobile app to view your updated asset balance.
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Understanding the LUNA Airdrop Mechanism
The distribution of LUNA tokens was determined using a dual-snapshot model based on user holdings before and after the critical network events in May 2022. This approach ensures fair allocation by accounting for both pre-collapse value and post-attack holdings.
Snapshot Timeline and Distribution Ratios
Two key moments were used to calculate eligibility:
- Pre-attack Snapshot: Taken at 02:59:37 PM UTC on May 7, 2022
- Post-attack Snapshot: Captured at 04:38:08 PM UTC on May 26, 2022
Based on these timestamps, the following conversion ratios were applied:
Pre-Attack Allocation
- 1 aUST = 0.01827712143 LUNA
- 1 LUNC = 1.034735071 LUNA
Post-Attack Allocation
- 1 LUNC = 0.000015307927 LUNA
- 1 USTC = 0.02354800084 LUNA
These tiered rates reflect the drastic shift in asset valuation and network conditions before and after the market turmoil, ensuring that early supporters are recognized while maintaining proportional fairness.
Phased Unlock Schedule: What You Need to Know
To promote long-term stability and prevent market flooding, the LUNA airdrop is being released in staggered batches according to a predefined vesting schedule.
- 30% of total eligible tokens were distributed on May 28, 2022 (UTC)
- The remaining 70% is being disbursed over 24 monthly installments
- Each subsequent release equals 2.9167% of the total entitlement
The second round of this phased distribution occurred on December 23, 2022, aligning with the broader rollout plan. Future unlocks will take place between the 20th and 25th of each month, without individual announcements—so users should monitor their accounts regularly.
This gradual release supports sustainable tokenomics and gives holders time to strategize their next moves, whether that’s holding, trading, or reinvesting.
Key Eligibility Criteria
Not all users qualified for the airdrop. Certain conditions had to be met at the time of each snapshot to ensure accurate and equitable distribution.
Exclusion Rules
- Pending or Failed Transfers: Any LUNC or USTC tokens that were in transit—i.e., being withdrawn or not yet successfully deposited—were excluded from the count.
- Minimum Value Threshold: Accounts holding less than $1 USD worth of qualifying assets at snapshot time did not receive any allocation.
These rules help maintain data integrity and prevent exploitation, ensuring only genuine, active holders benefit from the recovery initiative.
Frequently Asked Questions (FAQ)
Q: How do I check if I received the LUNA airdrop?
A: Log in to your OKX account, go to your Funding Wallet, and look for LUNA under your asset list. If eligible, the tokens will appear automatically without requiring any action.
Q: Why didn’t I receive any LUNA tokens despite holding LUNC?
A: There are several possible reasons:
- Your balance was below $1 USD at the snapshot time
- Tokens were being transferred or not fully settled during the snapshot
- You didn’t hold assets during either the pre- or post-attack window
Double-check your transaction history and balances around May 7 and May 26, 2022.
Q: Are future airdrop installments announced in advance?
A: No. After the initial phases, OKX will not issue separate notices for monthly unlocks. Distributions occur between the 20th and 25th of each month as part of the ongoing schedule.
Q: Can I trade my airdropped LUNA immediately?
A: Yes. Once credited to your funding account, the tokens are fully available for trading, withdrawal, or staking—subject to standard network fees and withdrawal limits.
Q: Is there a deadline to claim my airdrop?
A: No deadline exists—the distribution follows a fixed unlock schedule over 24 months. However, missing early rounds doesn’t disqualify you from receiving future installments if you remain eligible.
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Final Notes and Next Steps
The Phase 2 LUNA airdrop represents more than just a token distribution—it’s a step toward restoring confidence in one of crypto’s most discussed ecosystems. For OKX users, it underscores the platform’s commitment to supporting legitimate holders through transparent, rules-based allocations.
As monthly unlocks continue, staying informed about vesting timelines and market conditions can help you make smarter decisions about your digital assets.
Whether you're revisiting old holdings or exploring new opportunities in the evolving Terra landscape, now is an excellent time to review your portfolio strategy.
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Remember: all distributions are automatic, silent after the first few rounds, and based strictly on historical snapshots. Regularly check your OKX funding account to track incoming releases and optimize your participation in future blockchain events.