Binance Completes Second Terra (LUNA) Airdrop for LUNC and USTC Holders

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The cryptocurrency world continues to evolve in the aftermath of major market shifts, and one of the most anticipated developments has been the ongoing Terra (LUNA) airdrop distribution. In a significant move, Binance, one of the world’s largest digital asset exchanges, has confirmed the completion of its second round of LUNA airdrops for eligible holders of Terra Classic (LUNC) and TerraClassicUSD (USTC).

This milestone marks continued progress in restoring value to users affected by the May 2022 network collapse, reinforcing trust in long-term recovery mechanisms within decentralized ecosystems.

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Snapshot Details and Eligibility Criteria

To ensure fair and transparent distribution, Binance utilized two critical blockchain snapshots to determine eligibility:

Users who held qualifying balances of LUNC, USTC, or aUST at either or both of these times were considered for inclusion in the airdrop. The dual-snapshot approach ensures that both early supporters before the crash and those who maintained holdings during the turbulent recovery phase are acknowledged.

If you believe you may qualify, it's essential to check your Spot Wallet on Binance directly. Make sure the "Hide 0 Balance" option is disabled — otherwise, you might miss seeing newly credited LUNA tokens even if they’ve been successfully distributed.

Allocation Breakdown: How Much LUNA Was Distributed?

The airdrop allocation was calculated based on asset holdings at the time of each snapshot. Here’s how much LUNA was assigned per unit held:

Pre-Attack Allocation

Post-Attack Allocation

These ratios reflect the complex economic recalibration required after the depegging event. While pre-attack holders received significantly higher allocations — recognizing their early support — post-collapse participants also received proportional rewards for maintaining faith in the ecosystem.

It's important to note that all distributions are final for this round, and users should verify their balances promptly.

What’s Next? Future Airdrop Schedule

Although this second round is complete, it’s not the end of the story. According to Binance’s official plan:

Remaining Terra (LUNA) airdrop allocations will be distributed between December 2022 and June 2023, depending on individual user status. These disbursements will occur gradually over a period of 24 to 48 months.

This staggered release aims to promote market stability by preventing sudden sell-offs that could impact price volatility. It also aligns with broader industry practices for long-term token vesting following major ecosystem resets.

While Binance has stated it will not issue further announcements regarding future distribution rounds, users are encouraged to monitor their accounts regularly and stay informed through official channels.

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Key Notes for Recipients

Before celebrating your potential windfall, keep these critical points in mind:

  1. Balance Visibility: Always disable “Hide 0 Balance” in your Spot Wallet settings to see newly added LUNA tokens.
  2. No Further Announcements: Binance will not send alerts for upcoming distributions — staying proactive is your responsibility.
  3. Geographic Restrictions Apply: Individuals or entities residing in the United States, as well as those in sanctioned jurisdictions, are not eligible to receive any portion of the airdrop.
  4. Official Terms Prevail: In case of discrepancies between translations and the English version of Binance’s terms, the English text governs.
  5. Check Historical Holdings: Use blockchain explorers to verify your balance at the specified block heights if uncertain about eligibility.

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Frequently Asked Questions (FAQ)

✅ When did Binance complete the second LUNA airdrop?

Binance completed the second round of Terra (LUNA) airdrop distributions in December 2022. Eligible users received tokens directly into their Spot Wallets.

✅ How can I check if I received the airdrop?

Log into your Binance account, go to your Spot Wallet, and ensure “Hide 0 Balance” is turned off. If you held LUNC, USTC, or aUST at the snapshot blocks, you should see LUNA tokens credited.

✅ Am I eligible if I only held USTC after the attack?

Yes. Users who held USTC after the attack — specifically at block height 7,790,000 — qualify for an allocation of 1 USTC = 0.02354800084 LUNA.

✅ Why are US citizens excluded from the airdrop?

Due to regulatory restrictions imposed by U.S. financial authorities on certain crypto assets and distributions, Binance complies with compliance protocols that exclude U.S.-based individuals and entities from participating.

✅ Will there be more airdrops beyond this round?

Yes, but they will be part of a phased rollout scheduled between 2022 and mid-2023, spread over 24–48 months. No additional public updates will be issued by Binance.

✅ What should I do if I don’t see LUNA in my wallet?

First, confirm your holdings at the two snapshot blocks using a blockchain explorer. Then, ensure visibility settings aren’t hiding small balances. If issues persist, contact Binance Support with proof of eligibility.

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Final Thoughts

The completion of Binance’s second Terra (LUNA) airdrop represents a crucial step toward ecosystem healing and user restitution. While the journey remains complex, structured compensation plans like this demonstrate the resilience and accountability increasingly embedded in mature blockchain platforms.

Whether you're a long-time holder or new to the space, understanding snapshot-based eligibility, allocation logic, and future disbursement timelines empowers better decision-making in an ever-changing digital asset landscape.

As recovery efforts continue across the Terra Classic community, staying informed and vigilant ensures you don’t miss out on what’s rightfully yours.