$UST will pump harder than $LUNA leading up to 5/27 with backup
Do Kwon provided the revival proposal today
https://agora.terra.money/t/terra-ecosystem-revival-plan-2/18498
Lets focus on two things here
Token Distribution
1,000,000,000 Luna tokens
- 25% – Community pool, controlled by staked governance
- 1% – Essential Developers emergency allocation. No lockup
- 4% – Essential developers (1 year cliff , 4 year vesting thereafter, granted after launch traction)
- 35% – All bonded / unbonded Luna, minus TFL at “Pre-attack” snapshot
For wallets with < 1M Luna: 1 year cliff , 2 year vesting thereafter
For wallets with > 1M Luna: 1 year cliff , 4 year vesting thereafter - 10% – Luna holders (staking derivatives included) at the “Launch” snapshot – 10% unlocked at genesis, 90% vested over 2 years thereafter
- 25% – UST holders at the “Launch” snapshot – 10% unlocked at genesis, rest vested over 2 years thereafter
Timeline
- 05/17 – Announcement out
- 05/18 – Governance proposal out
- 05/21 – Terra Core release is cut, network launch instructions made available for validators
- 05/25 – Essential app developer registration completed
- 05/27 – Genesis file created from final launch snapshot
- 5/27 ~ Network launch
$UST holders will receive the largest allocation of new tokens, 25%, when the snapshot takes places on 5/27
this is extremely whale + VC friendly. If major investors got rekt by Terra’s collapse, their best bet on having a large portion of new luna tokens would be by amassing as many $UST tokens for the 5/27 snapshot.
$UST pumped harder today than $LUNA and is dipping less showing major signs of accumulation
I expect $UST to go to 0 post fork after 5/27

