LUNA and LUNC rose more than 30% in a short time after Terra LUNA 2.0 opened for leveraged trading on Binance. However, there is a significant problem with the tokens that will be airdropped to Terra investors for the launch of the new Blockchain.
Luna 2.0 airdrop encountered distribution issues, the team acknowledges
The Luna 2.0 airdrop did not go as smoothly as Terra had hoped, and the team acknowledged that it suffered from some distribution issues. Terra, which made a strong start after the launch of Luna 2.0, lost 70% in a short time. This airdrop issue further complicates the new chain aimed at aiding the Terra recovery efforts. Many investors from Twitter expressed their stalemate, stating that they received insufficient tokens via airdrop compared to what they expected. The main problems are as follows….
Terra Luna woes, team airdrop’ It doesn’t end with her admitting her mistakes. Communities on Twitter and Reddit complained that they were receiving insufficient Terra compared to the numbers they expected to receive based on allocations. Others say they have never received any.
But it is unknown what this solution might be
If 1 billion tokens have already been allocated, earned or traded, it seems that the only way to fix this will be to print the new Terra 2.0. Those who complain about not getting enough tokens based on LunaClassic investors after the crash will likely be disappointed. Meanwhile, Terra co-founder Do Kwon allegedly has plans to issue new stablecoins. But against all odds, the Binance 2.0 listing and airdrop is finally complete, alongside the airdrops from other Luna 2.0 exchanges.
Terra started to be traded on major exchanges
As we quoted as Kriptokoin.com, Binance listed Terra’s new token LUNA on May 30. Following the announcement, LUNA and LUNC gained more than 30% in a short time. At the time of writing, Terra 2.0 aka the new Terra is up 40% in the last 24 hours to trade at $9.87. The 24-hour trading volume is over $1.3 billion.
The old token LUNC, on the other hand, was down today after rising nearly 40% yesterday.
You can find which exchanges Terra 2.0 is listed on here.
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