LUNA GROW Launching Event (100% Annual Reward)

Greetings, this is blockchain finance platform GDAC. 

We are launching our 2nd GROW staking service for Terra’s LUNA on February 24, 2020 15:00 (KST). 

 

Experience LUNA staking like never before! 

GROW distributes 100% of its annual reward from LUNA to delegators. 

 

Event Period 

  • 2020.02.24 (Mon) 15:00 (KST) ~ 2020.03.09 (Mon) 15:40 (KST)

 

 

Event Details

1) Delegate LUNA during the event period and earn 100% annual reward for 2 weeks

Reward: GROW reward and additional event reward 

Reward Distribution Period: 2020.02.25 16:00 (KST) ~ 2020.03.10 16:00 (KST)

The event may end earlier than scheduled if 40 million KRT rewards are exhausted

(will be notified). 

Distributes 100% annual reward to delegated amount for 2 weeks on a first-come-first-served basis (approximately KRW 1 billion worth of delegated LUNA). 

2) KRW 1 million worth of KRT to the FIRST delegator   

    Distributed regardless of the staked amount 


3) 0% GROW service fee 

   Operating fee: 10% --> 0% applied 



How to Participate

“GROW” - “LUNA” - “Delegate”  

*Note: Between 15:40 (KST) ~ 16:00 (KST) - delegation is temporarily suspended for staking calculation 

 

Confirmed Participants

  Confirmed participants are individually notified via SMS (Email for foreign users) on 2020.02.25 (Tue) at 14:00 (KST) (GDAC Official Sender Number: 02-522-3581).

  - The FIRST delegator will be notified on GDAC’s Notice on 2020.02.25 (Tue). 

 

Reward Distribution 

  • Reward Token: Terra KRT    

  • Distribution Period: Reward distributed everyday from 16:00 (KST) to approximately 18:00 (KST) according to the delegation snapshot
    Example 1) For assets delegated on 2020.02.24 before 15:40 (KST), reward distributed on 2020.02.25 at 16:00 (KST)
    Example 2) For assets delegated after 2020.02.24 15:40 (KST), reward distributed on 2020.02.26 at 16:00 (KST)

  • Reward Standard (KRW 302 per LUNA (market price of GDAC LUNA on 2020.02.24. at 16:00 (KST))
     ① LUNA GROW Reward: terra.stake.id (Return on Staking)
     ② Additional Event Reward: (100% Annual Reward of Delegated Amount) - (LUNA GROW Reward) 
  • View Earned Rewards
    ① ‘LUNA GROW Reward’: “GROW” - “LUNA” - “Reward”
    ② Additional Event Reward: “Wallet” - “LUNA” - “LUNA Wallet” - “Wallet History”



Further Details on LUNA GROW:

 

 

 

Frequently Asked Questions (FAQ)?

  • If I buy LUNAX (delegated LUNA), do I earn 100% annual reward?  
    • No, you have to delegate LUNA to participate in the event. 
  • If I delegate LUNA and sell LUNAX, do I earn 100% annual reward
    • No, you will be excluded from participating in this event if you undelegate or sell LUNAX. 
  • What happens if I do partial undelegation? 
    • You are excluded from participating in this event even if you do partial undelegation. 

 

  ※ Precaution
    - An SMS is individually sent to users who participate in the 100% annual reward event. 

     - The event may end earlier than scheduled if 40 million KRT rewards are exhausted or for other reasons. 

     - The delegation time is based on the delegation time ultimately recorded on GDAC’s server.

     - Each person can delegate a maximum of 100,000 LUNA for the event. (There is no staking limit for LUNA GROW service). 

     -  If assets are undelegated or LUNAX is sold during the event and reward distribution period, the benefit of 100% annual reward will NOT be applied.    

     - For additional reward, reward for weekends and holidays will be distributed on the following business day.  

     - Based on internal circumstances, reward distribution could be delayed without notice. 

     - LUNA network’s reward rate will be automatically applied after reward distribution. 

     - GDAC reserves all the rights regarding this event. The event can be changed or canceled due to circumstances.