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The new Terra Phoenix-1 blockchain was launched on the morning of Saturday, May 28, 2022, and on that day millions of new LUNA tokens were sent to LUNA classic (LUNC) and TerraUSD classic (USTC) holders. However, on Tuesday, the Terra development team reported that some Terra token holders “have received less LUNA from airdrop than expected” and they are “actively working on a solution.”
On Tuesday morning, May 31, the developers of Terra announced that the distribution of money did not go as planned.
On the official page of the Terra team on Twitter, a post was published:
“We know that some users have received less LUNA than expected, and we are now actively working to resolve the issue. More details will be available when we collect all the data, so stay tuned.”
A large number of Terra token holders were unhappy with the way the airdrop was deployed, many confirmed that they received fewer coins than expected, and some claim that they did not receive anything at all.
Under the posts on Twitter, Terra received a lot of criticism and complaints from users. Some LUNC owners said they received nothing, others disclosed their public addresses to confirm they received less than they should have received under the Phoenix-1 distribution plan.
Many complain that third parties and crypto exchanges are holding new LUNA tokens, and ask developers to contact certain exchanges about this. There has also been a wave of discontent on social media over the fact that most wallets do not support the Phoenix-1 blockchain at the moment.
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