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Home»Altcoins»GRASS Airdrop Goes Live, But Phantom Wallet Issues Block User Claims
Altcoins

GRASS Airdrop Goes Live, But Phantom Wallet Issues Block User Claims

NBTCBy NBTC28/11/2024No Comments3 Mins Read
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Grass Network’s much-anticipated GRASS token airdrop has launched, but many users remain unable to access their tokens.

Technical issues with Solana’s Phantom wallet have left several eligible recipients without a way to claim their GRASS tokens. This has been one of the most hyped airdrops in recent months, as Grass Foundation is distributing 10% of the token’s supply in the first airdrop.

GRASS Airdrop Continues to Fuel Community Criticism

For months, the crypto community has voiced concerns about Grass Network’s airdrop model. GRASS tokens have a capped supply of 1 billion, with 10% set aside for the initial airdrop. The distribution plan includes 1.5% for closed alpha testers and 7% for participants in Epochs 1 through 7.

Also,allocations for the Bonus Epoch and future distributions were missing from this initial rollout, which further fueled frustration among supporters.

Read More: What are Crypto Airdrops?

Phantom Wallet’s recent downtime has compounded these issues. This is not Phantom’s first reported disruption this year; similar technical incidents occurred in February and August.

“We’re currently experiencing an uptime incident and some services may be temporarily disrupted. If you are in urgent need of making a transaction, please ignore simulation errors and try using a dapp,” Phantom Wallet wrote in an X (formerly Twitter) post.

Several users have complained on X that they are unable to access their airdropped tokens even an hour after it went live. Some users reported that their wallet addresses are showing as ‘not eligible’ even though they were previously shown to be eligible, according to Glass Network’s airdrop checker.

“Spent more than 9 months “earning” and referring people to use @getgrass_io…Only to find out that I’m not allowed to claim the airdrop. No matter where I set my VPN to. And of course there is NO mention of restricted locations anywhere on their website,” one user wrote on X (formerly Twitter)

From time to time, users of Solana’s biggest wallet have been unable to view accurate token balances and account information. These recurring issues have heightened discontent among crypto enthusiasts relying on Phantom for their transactions.

If these issues continue to exist, GRASS could drive disappointments similar to the recent Hamster Kombat airdrop. Hamster Kombat’s HMSTR token airdrop was one of the most highly anticipated events of this year in crypto.

However, HMSTR sharply dropped 20% after the airdrop and listing, which disappointed users who had played the game for months.

Read More: What Is DePIN (Decentralized Physical Infrastructure Networks)?

DePIN Tokens Face Mixed Receptions Amid Market Volatility

DePIN projects have seen some successes in 2024. Binance recently listed the IO token from io.net on June 11. The IO token serves as the primary currency within io.net, covering fees, transactions, and contributor rewards for those sharing GPU resources. Another DePIN project, Aethir, secured listings on OKX, Gate.io, and Bitfinex.

However, some community members expressed disappointment after Aethir’s May cloud drop, which distributed 670,000 badges, did not qualify all badge owners for the subsequent airdrop. The mixed reactions to airdrops underscore the challenges DePIN projects face in maintaining user trust and engagement.

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NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

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