{"id":240628,"date":"2022-06-01T08:20:11","date_gmt":"2022-06-01T07:20:11","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=240628"},"modified":"2022-06-01T04:27:20","modified_gmt":"2022-06-01T03:27:20","slug":"terra-confirms-that-some-users-received-less-luna-than-expected-from-the-airdrop-and-is-working-on-a-solution","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/terra-confirms-that-some-users-received-less-luna-than-expected-from-the-airdrop-and-is-working-on-a-solution\/","title":{"rendered":"Terra confirms that some users received less LUNA than expected from the airdrop and is working on a solution"},"content":{"rendered":"<p>Developers behind the Terra Classic (<a href=\"https:\/\/cryptoslate.com\/coins\/terra-classic\/\">LUNC<\/a>) &#8211; formerly Terra &#8211; cryptocurrency and TerraClassic USD (USTC) &#8211; formerly TerraUSD (<a href=\"https:\/\/cryptoslate.com\/coins\/terrausd\/\">UST<\/a>) &#8211; stablecoin launched Terra 2.0 (<a href=\"https:\/\/cryptoslate.com\/coins\/terra-luna\/\">LUNA<\/a>) in an attempt to move forward from the catastrophic crash that hit both of their tokens, losing investors <a href=\"https:\/\/cryptoslate.com\/stablegains-in-hot-water-after-losing-more-than-40m-due-to-terras-collapse\/\">millions in the process<\/a>.<\/p>\n<p>Terraform Labs planned to airdrop the new LUNA tokens to the original token holders to compensate them for their losses. However, despite their efforts, it seems like the token distribution didn't turn out as intended. Many holders took to social media claiming they did not receive an equal amount of LUNA 2.0 tokens compared to their previous holdings.<\/p>\n<p>One user claimed to have held $300k in LUNA while only being airdropped $59 worth of the new iteration of the token.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Lost $300k in <a href=\"https:\/\/twitter.com\/search?q=%24LUNA&src=ctag&ref_src=twsrc%5Etfw\">$LUNA<\/a> <\/p>\n<p>Got an airdrop of $59 <\/p>\n<p>Thank you do kwon and team<\/p>\n<p>&mdash; Ash WSB (@ashwsbreal) <a href=\"https:\/\/twitter.com\/ashwsbreal\/status\/1531002032840093696?ref_src=twsrc%5Etfw\">May 29, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Another user claimed to have only received $112 n the airdrop after losing $50k worth of LUNA.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Lost 50k on <a href=\"https:\/\/twitter.com\/search?q=%24LUNA&src=ctag&ref_src=twsrc%5Etfw\">$LUNA<\/a> and got an airdrop of $112<\/p>\n<p>Prefer the complete rug. That small airdrop is like extra needle salt in the wound<\/p>\n<p>&mdash; cevo (@cryptocevo) <a href=\"https:\/\/twitter.com\/cryptocevo\/status\/1531183327138484224?ref_src=twsrc%5Etfw\">May 30, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Terraform Labs acknowledged that their airdrop may not have distributed the expected amount of tokens via a tweet on their official Twitter account.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udce3 Attention <a href=\"https:\/\/twitter.com\/search?q=%24LUNA&src=ctag&ref_src=twsrc%5Etfw\">$LUNA<\/a> airdrop recipients \ud83d\udce3<\/p>\n<p>We are aware that some have received less <a href=\"https:\/\/twitter.com\/search?q=%24LUNA&src=ctag&ref_src=twsrc%5Etfw\">$LUNA<\/a> from the airdrop than expected & are actively working on a solution.<\/p>\n<p>More information will be provided when we have gathered all of the data, so stay tuned.<\/p>\n<p>&mdash; Terra \ud83c\udf0d Powered by LUNA \ud83c\udf15 (@terra_money) <a href=\"https:\/\/twitter.com\/terra_money\/status\/1531410663674888192?ref_src=twsrc%5Etfw\">May 30, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Many token holders who took part in the airdrop now hold a significantly lower amount of LUNA 2.0 tokens than they had of the original LUNA cryptocurrency. In response, Terraform Labs said they are working on a solution to this problem and would provide additional information once they have gathered all of the data related to the uneven token distribution.<\/p>\n<p>This news comes soon after reports showed that <a href=\"https:\/\/cryptoslate.com\/nansen-report-shows-that-ust-lost-its-peg-due-to-the-work-of-multiple-large-entities\/\">several large actors played a role<\/a> 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 <a href=\"https:\/\/cryptoslate.com\/terraform-employees-under-probe-for-ust-collapse-in-south-korea\/\">Terraform employees being under investigation<\/a>\u00a0in South Korea after the collapse of the UST stablecoin.<\/p>\n<p>The launch of Terra 2.0 also saw a <a href=\"https:\/\/cryptoslate.com\/luna-2-0-hits-30-then-drops-80-in-first-day-of-trading\/\">rise to $30 before an 80% drop<\/a> on its first day of trading, <a href=\"https:\/\/cryptoslate.com\/luna-2-0-jumps-75-in-24hrs-ahead-of-binance-listing\/\">followed by a 75% jump<\/a> due to news of a potential Binance listing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developers behind the Terra Classic (LUNC) &#8211; formerly Terra &#8211; cryptocurrency and TerraClassic USD (USTC) &#8211; formerly TerraUSD (UST) &#8211; stablecoin 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. Terraform Labs planned to airdrop the new LUNA [&hellip;]<\/p>\n","protected":false},"author":1316,"featured_media":240669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35372,76736],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Terra confirms that some users received less LUNA than expected from the airdrop and is working on a solution<\/title>\n<meta name=\"description\" content=\"Some holders have received a lower amount of LUNA from the Luna 2.0 airdrop than intended and Terra is working on a solution.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/terra-confirms-that-some-users-received-less-luna-than-expected-from-the-airdrop-and-is-working-on-a-solution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terra confirms that some users received less LUNA than expected from the airdrop and is working on a solution\" \/>\n<meta property=\"og:description\" content=\"Some holders have received a lower amount of LUNA from the Luna 2.0 airdrop than intended and Terra is working on a solution.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/terra-confirms-that-some-users-received-less-luna-than-expected-from-the-airdrop-and-is-working-on-a-solution\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-01T07:20:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-01T03:27:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/06\/luna2-binance-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anthony Clarke\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anthony Clarke\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/terra-confirms-that-some-users-received-less-luna-than-expected-from-the-airdrop-and-is-working-on-a-solution\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/terra-confirms-that-some-users-received-less-luna-than-expected-from-the-airdrop-and-is-working-on-a-solution\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/anthony-clarke\/#person\",\"name\":\"Anthony Clarke\",\"url\":\"https:\/\/cryptoslate.com\/author\/anthony-clarke\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/anthony-clarke\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/anthony-clarke\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/04\/anthony-clarke-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/04\/anthony-clarke-author-300x300.jpg\",\"caption\":\"Anthony Clarke\"},\"jobTitle\":\"Contributor\",\"description\":\"Anthony Clarke has been involved in the cryptocurrency space as an investor and content writer since 2017. 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