Luna 2.0 Airdrop Hit With Distribution Issues, Admits Terra

Luna 2.0 airdrop on cloud sky.
Credit: Pixabay

Luna 2.0 airdrop on cloud sky.
Credit: Pixabay

The Luna 2.0 airdrop has not gone as smoothly as Terra would have hoped, with the cryptocurrency admitting it suffered from some distribution issues.

The Luna 2.0 launch is off to a rocky start, with the Luna 2.0 price dropping 70% on day one. This airdrop issue only further complicates the new chain, intended to help the Luna recovery effort.

Here, several users on Twitter voiced their predicament, stating they received insufficient Luna via the airdrop compared to what they expected. Let's take a look at what this new issue is all about?

Luna 2.0 Airdrop Issues

The Terra Luna woes are not ending anytime soon as the Terra recently admitted that the Luna 2.0 airdrop was met with some complaints by prospective holders.

Several users on Twitter and Reddit complained they received insufficient Luna tokens compared to the numbers that they expected to receive based on the allocations. Others state they have not received it at all.

Some of the complaints were misguided, as it was not a 1:1 Luna to Luna 2.0 allocation for every holder. However, it appears that many were valid concerns. Terra posted a tweet addressing the situation, stating they are "actively working on a solution".

What this solution could be, however, is unknown. If the 1 billion tokens have already been allocated, vested, or traded, then it appears the only way to rectify it would be to mint new Luna 2.0.

Those complaining about not receiving enough tokens based on their Luna Classic holders after the attack will likely remain disappointed. The airdrop mainly reflects pre-attack holdings.

The timing of this could not be worse for the Terra ecosystem. The Binance 2.0 listing and airdrop are finally complete, alongside other Luna 2.0 crypto exchange airdrops. This means distributing - or redistributing - Luna to those left worse off could pose a challenge to Terra.

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