In Brief
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Terraform Labs is working on a solution to the problem of some users receiving less LUNA from the LUNA 2.0 airdrop than they expected.
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Many holders of the original LUNA token lost a significant amount of money when the price of the token collapsed, and the airdrop was meant to compensate them for their losses.
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However, due to an uneven distribution of the airdropped tokens, some users have received less LUNA 2.0 than they lost of the original LUNA.
Terra has comfirmed that some investors have received less LUNA from the airdrop than they were supposed to. Terra is working on a solution to the problem.
Developers behind the Terra Classic ( LUNC ) and TerraClassic USD (USTC) stablecoins have launched Terra 2.0 ( LUNA ), in an attempt to move forward from the catastrophic crash that hit both of their tokens, losing investors millions in the process .
One user claimed:
I held $300k in LUNA was only airdropped $59 worth of the new token.
Terra's response:
📣 Attention $LUNA airdrop recipients 📣
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 30, 2022
We are aware that some have received less $LUNA from the airdrop than expected & are actively working on a solution.
More information will be provided when we have gathered all of the data, so stay tuned.
This news comes soon after reports showed that several large actors played a role in the original TerraUSD (UST) token losing its peg, which led to Terra Classic’s price dropping to below 1 cent. It also follows news of Terraform employees being under investigation in South Korea after the collapse of the UST stablecoin.