Dear Phemex users,
Phemex will support Terra’s official LUNA airdrop and token migration plan. The original LUNA will be renamed LUNC, and all airdrop tokens of new LUNA received by our platform will be distributed to users.
Further details are as follows:
New LUNA Airdrop Rules
- Phemex will take a snapshot of LUNA holders on the Phemex platform at the time of 14:59 UTC on 2022-05-07 .
- The number of airdrops obtained by LUNA holders on May 7 = the number of LUNA holdings at the time of the user’s snapshot / the number of LUNA holdings of all Phemex users at the time of the snapshot on May 7 * the total number of airdrops obtained by Phemex on May 7, 2022.
- Phemex will take a snapshot of the LUNA and UST holders in the Phemex platform near the LUNA block height of 7790000 (expected time: 2022-05-26 16:38 (UTC)).
- The number of airdrops obtained by LUNA holders on May 26 = the user’s LUNA holdings at the time of the snapshot on May 26 / the LUNA holdings of all Phemex users at the time of the snapshot * the total number of airdrops obtained by Phemex for LUNA holdings on May 26 2022.
- The number of airdrops obtained by UST holders on May 26 = the user’s UST holdings at the time of the snapshot on May 26 / the UST holdings of all Phemex users at the time of the snapshot * the total number of airdrops for UST holdings on May 26 obtained by Phemex.
Note: Your final airdrop amount is subject to the snapshot.
Airdrop Snapshot Rules
- Snapshot scope: spot account, investment account.
- Snapshot rules: Positions (excluding pending orders) at the time of snapshot must have a USD value of at least 1 USD, otherwise they will not be included in the airdrop.
About Token Listing
The new token LUNA is going through the normal listing review process of Phemex. After this process, the token will be available for trading on our platform.
New LUNA Token Distribution Time
The new LUNA token will be promptly distributed once the tokens have been received by Phemex. Please wait patiently for our announcement.
LUNA Renaming and Ticker Change
The original LUNA coin will be renamed to LUNC. During the renaming, all trading of the original LUNA will be suspended and Phemex will be taking snapshots of trading statistics. Please be patient and await the official time for the name change.
Learn more about the LUNA Airdrop Proposal below:
https://agora.terra.money/t/terra-ecosystem-revival-plan-2-passed-gov/18498
If you have any concerns, please contact our 24/7 customer service team at support@phemex.zendesk.com.
