THELOGICALINDIAN - The new Terra blockchain Phoenix1 has been operating back Saturday morning May 28 2022 and on that day millions of new LUNA tokens were broadcast to luna archetypal LUNC and terrausd archetypal USTC holders However on Tuesday the Terra development aggregation appear that some Terra badge owners accustomed beneath LUNA from the airdrop than accepted and developers are actively alive on a solution
Terra LUNA Airdrop Suffers From Miscalculation Error — Devs Plan to Offer a Solution
On Monday, May 30, 2022, Bitcoin.com News reported on the new Phoenix-1 blockchain and the built-in badge alleged LUNA. The old alternation has been rebranded and is now accepted as Terra Classic, and the old chain’s built-in tokens accept additionally been renamed with the appellation “classic.” Luna archetypal (LUNC) and terrausd archetypal (USTC) are still listed on a cardinal of exchanges as tradeable crypto assets. The new LUNA badge jumped added than 85% in amount on Monday, extensive a aerial of $11.45 per assemblage but on Tuesday, LUNA is trading for beneath $10 per unit.
LUNA is still up over 40% during the accomplished 24 hours and there’s $941 actor in circadian barter aggregate today. LUNA has a bazaar appraisal of about $2.037 billion at the time of autograph and bitcoin (BTC) is the coin’s top trading brace with 55.22% of LUNA’s 24-hour trades. BTC is followed by USDT (32.98%), USD (5.82%), EUR (4.12%), and USDC (1.42%). Terrausd archetypal (USTC) is up 32.1% on Tuesday, but luna archetypal (LUNC) is bottomward 17.4%. Furthermore, on Tuesday morning (ET), Terra developers appear that the airdrop didn’t go as planned. It seems some users accustomed beneath LUNA during the distribution.
The Terra team’s official Twitter folio says:
Terra Token Owners Are Not Happy With the Phoenix-1 Distribution Plan, Many Confirm Receiving Less Than Expected and Some Claim They Received Nothing at All
The Terra developers’ amusing media column on Twitter is blowzy with user complaints and bodies confirming the actuality that they had not accustomed what they expected. Some Terra users complained they received nothing, while added Terra badge owners appear their accessible addresses to prove acceptance that they had accustomed beneath than what they should accept been airdropped based on the Phoenix-1 administration plan. Some individuals criticized the airdrop administration plan and snapshot date.
“This airdrop should accept been done in 3 stages,” one alone wrote on Tuesday. “Between the 7th and 12th of May, the money of the buyers was displace and the airdrop did not assignment because the cardinal of lunas they accustomed was low. Those who trusted Do kwon’s tweets bought it at a aerial price.”
Other users complained about third parties and accepted crypto exchanges captivation their new LUNA tokens earnest and some bodies asked the developers to acquaintance assertive exchanges. Additionally, some users on amusing media made a fuss about non-custodial wallets that do not abutment the Phoenix-1 alternation at the moment. It’s safe to say that a abundant cardinal of Terra badge owners are not happy with how the airdrop was deployed. Since the Terra developers appear there was an affair with the airdrop, the aggregation has not yet produced a band-aid to the problem.
What do you anticipate about the LUNA airdrop not activity able-bodied and bodies accepting beneath than accepted or annihilation at all? Let us apperceive what you anticipate about this accountable in the comments area below.
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