OKX's Detailed Rules for LUNA Airdrop

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The collapse of the Terra ecosystem in May 2022 sent shockwaves across the cryptocurrency market, impacting millions of users globally. In response, OKX launched a comprehensive recovery plan to support affected users, particularly those holding LUNA (old) and UST (old) assets. This initiative includes a structured airdrop of LUNA (new), designed to ensure fair distribution and long-term stability for impacted investors.

This article breaks down OKX’s detailed airdrop rules, eligibility criteria, snapshot timelines, and distribution schedules — all essential information for users navigating the recovery process.

Understanding the LUNA Airdrop Categories

OKX has segmented the airdrop into two primary categories based on the timing of asset holdings: Pre-attack and Post-attack. Each category has distinct eligibility requirements, snapshot moments, and distribution mechanisms.

Pre-Attack Snapshot: May 7, 2022

The first snapshot was taken on May 7, 2022, at 14:59 UTC, corresponding to Terra Classic block height 7,544,910. This moment captures users who held assets before the full-scale market crash.

Eligible holdings include:

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Distribution by Holding Size

The recovery type and distribution schedule vary depending on the amount of LUNA (old) held at the time of the snapshot:

Special Provision for UST Earn Users

Users who staked UST (old) via OKX Earn are also included in the recovery plan. Their staked assets were converted into aUST (AnchorUST) tokens on-chain, making them eligible under the same pre-attack rules.

Note: For users with UST holdings exceeding 500,000, the system caps the amount at 500,000 UST for calculation purposes. This ensures equitable treatment across large and small holders.

Post-Attack Snapshot: May 26, 2022

A second snapshot occurred on May 26, 2022, at 16:38 UTC, at Terra Classic block height 7,790,000. This captures users who acquired or retained LUNA (old) and UST (old) after the initial crash — possibly due to market dips or portfolio rebalancing.

Eligible assets:

All qualifying users receive LUNA (new) under the following schedule:

This dual-snapshot approach reflects OKX’s commitment to recognizing both early supporters and those who maintained confidence in the ecosystem during turbulent times.

Core Keywords and SEO Focus

To align with search intent and improve visibility, key terms naturally integrated throughout this article include:

These keywords help users find accurate, trustworthy information about their eligibility and expected payouts.

Frequently Asked Questions (FAQ)

What is the difference between LUNA (old) and LUNA (new)?

LUNA (old) refers to the original Terra token that collapsed in May 2022. LUNA (new) is the restructured version introduced after the blockchain reset, designed to restore value and functionality to the ecosystem.

How do I know if I qualified for the airdrop?

You must have held eligible assets — such as LUNA (old), UST (old), or aUST — in your OKX account during one of the two official snapshots: May 7 or May 26, 2022. OKX automatically recorded these balances; no registration was required.

When will I receive my full LUNA (new) allocation?

Distribution depends on your holding size and snapshot category. Most users began receiving payments in December 2022 or June 2023. The full disbursement period ranges from 24 to 48 months to prevent market flooding.

Why are large holders subject to longer distribution periods?

Extended payout schedules for users with significant holdings (especially ≥1M LUNA) help minimize market volatility by preventing large-scale dumping of new tokens.

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Is there any action I need to take now?

If you qualified based on snapshot data, no further action is needed. Distributions occur automatically to your OKX account. Ensure your account remains active and secure to receive all installments.

Does staking UST on OKX Earn count toward eligibility?

Yes. Staked UST (old) was converted into aUST on-chain and is fully covered under the pre-attack recovery plan. Even though you didn’t directly hold UST, your participation in OKX Earn qualifies you.

Ensuring Fairness and Transparency

OKX’s recovery framework emphasizes fairness, transparency, and long-term sustainability. By using verifiable blockchain snapshots and clear tiered distribution models, the exchange ensures that compensation aligns with actual user exposure.

Additionally, capping UST holdings at 500,000 prevents disproportionate benefits to ultra-high-net-worth accounts, reinforcing community trust.

Final Thoughts

The LUNA airdrop represents more than just asset recovery — it’s a statement of responsibility from a leading crypto exchange toward its users. Whether you were an early believer in Terra or held assets during its most volatile phase, OKX’s structured approach offers a path toward restoration.

For those still uncertain about their status, reviewing past balances around the snapshot dates can provide clarity. And as the crypto industry evolves, initiatives like this set benchmarks for user protection and ethical platform behavior.

👉 Learn how trusted exchanges are building resilient recovery systems for future market challenges.