Terra (LUNA)’s Do Kwon continues to face backlash in the cryptocurrency community. A recent conflict has been about the airdrop process of Terra 2.0 tokens. Here are the details…
LUNA 2.0 will be bigger than LUNC
As we have previously reported as Cryptokoin.com , a user named Jaewoo Choo posted a tweet claiming that Terra 2.0 contains a “ninja code” that allows users to transfer their tokens to random validators right after the Airdrop. However, a later tweet by Do Kwon refuted this claim. Apparently, the modified version of the Terra 2.0 offering announced that airdropped tokens will be earned on creation and users will need to “unlink” to liquidate the tokens.
In another conversation on the same topic, a crypto investor told Do Kwon that he thought LUNA 2.0 could be stronger and bigger than its predecessor, the LUNA Classic. He asked if he hadn’t thought of it. The Terra founder responded positively. It gave the impression that Terra is now more concerned with the new LUNA token than the crashing LUNA Classic. As expected, many people were dissatisfied with Terra and Do Kwon, especially due to Terraform Labs not handling the airdrop properly. There are claims that many people airdrop for far less than they deserve.
What are the facts about LUNC?
Although Terra is on a good footing after the airdrop, the price of the coin is in a tough fight. It was worth over $20 just after the airdrop. Today, it’s worth about $9. On the other hand, the new token looks much better than Terra Classic (LUNC). As it stands now, LUNA records a 38 percent increase while LUNC records a 20 percent decrease.
LUNA has a supply of 1 billion tokens while LUNC has more than 6.9 trillion tokens. There are still no plans to burn LUNC to reduce supply, making the token much less valuable than LUNA. Also, Terra 2.0, which LUNA is working on, has several advanced features from Terra Classic.
