What is the issuance mechanism of Luna 2.0?

The issuance mechanism of Luna 2.0 mainly includes airdrops and forks.

After the collapse of the Terra 1.0 ecosystem, in order to save itself, the Terra team decided to create Terra 2.0 through a fork. The original LUNA token was renamed to LUNC after the fork, while the new LUNA token continued to be called LUNA. This fork mechanism allows the new LUNA token to continue operating in the new Terra 2.0 ecosystem.

The issuance mechanism of Luna 2.0 also involves an airdrop plan. Before and after the collapse of the LUNA token, holders will receive airdrops of the new token based on different situations. Specifically, holders before the collapse will receive 35% of the new tokens, while holders after the collapse can only receive 10% of the new tokens. This airdrop plan aims to compensate early investors by distributing new tokens and encourage them to continue participating in the new ecosystem construction.

The goal of Luna 2.0 is to rebuild the ecosystem through fork and airdrop mechanisms, attracting more users and developers to participate. Although the collapse of Terra 1.0 brought huge challenges to the project, through forks and airdrops, Luna 2.0 hopes to regain market trust and support, continuing to develop its decentralized finance (DeFi) and ecosystem. The total supply of Luna 2.0 is fixed at approximately 1 billion tokens, with about 800 million currently issued.