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Home»Altcoins»GRASS crypto airdrop – Phantom wallet downtime is leaving users frustrated
Altcoins

GRASS crypto airdrop – Phantom wallet downtime is leaving users frustrated

2024-10-30No Comments3 Mins Read
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  • The GRASS airdrop launch was disrupted after the Phantom wallet suffered nearly three hours of downtime
  • Token prices fluctuated; it recovered after an initial 28% decline after launch

Grass Network’s highly anticipated GRASS airdrop got off to a rocky start, leaving many users frustrated as they encountered issues accessing their tokens.

What happened?

The surge in demand caused significant downtime for wallet provider Phantom, which went unresponsive for nearly three hours on October 28 as users claimed their GRASS tokens en masse.

According to Phantom’s status page, a back-end issue disrupted services at 1:36 PM UTC, while operations resumed at 4:20 PM UTC.

This was the second service disruption this month, following an eight-minute outage on October 3.

Making the same comment on this, the Phantom team went to X and noted:

“We are currently experiencing an uptime incident and some services may be temporarily disrupted. If you need to make a transaction urgently, please ignore the simulation errors and try using a dapp.”

Users express their frustration

An hour after the GRASS airdrop went live, numerous users took to X to express their frustration over their inability to access the distributed tokens.

Many users reported that despite initially being marked as eligible on Grass Network’s airdrop checker, their wallet addresses showed an “ineligible” message.

This unexpected outage left several participants confused and disappointed as they continued to wait to access their airdropped tokens.

Expressing disappointment about this, an X user said,

Kenny PalurintanoKenny Palurintano

Source: Kenny Palurintano/X

Grass Crypto’s airdrop plans

For context, this airdrop, touted as one of the most significant recent launches, saw the Grass Foundation allocate 10% of the 1 billion capped supply of the GRASS token.

See also  Bitcoin loses correlation with US stocks as supply challenges intensify

Of this, 1.5% will be reserved for early closed alpha testers, while a further 7% will be distributed to participants in periods 1 – 7.

The lack of allocations for the Bonus Epoch and future distribution plans in the initial release has only increased the frustration among supporters. Especially since they have consistently expressed concerns about the model.

Following the resolution, Phantom on X announced that its team would “closely monitor the situation” and implement measures to prevent future disruptions.

PhantomPhantom

Source: Phantom/X

Is there more to it?

As expected, the GRASS token has seen significant price fluctuations since its launch. Shortly after going live, the token’s value fell 28%, reaching a low of $0.65 before recovering 9%.

However, the latest update of Coin gecko revealed that GRASS was trading at $1.10 at the time of writing, reflecting a 20.4% increase in the past 24 hours.

Needless to say, several airdrops have suffered setbacks, with Hamster Kombat (HMSTR) also being a notable example.

These examples highlight the complex and often turbulent nature of token distributions, especially amid high demand and technical challenges.

Next: MAGA Crypto Rises as Trump’s Win Odds Rise – Will This Hold Next Week?

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