Terra Group Member Hopes Tron Founder’s $10M Pledge Not a PR Stunt

• FatMan addresses issues over delayed $10M USDD pledge by Tron founder Justin Solar.
• Solar’s initiative initially obtained help however lacked updates, elevating doubts about its genuineness.
• The Well-known Terra group member reported a halt in communication with Solar since December.

Well-known Terra group member, FatMan, has stepped ahead to handle issues surrounding the delayed implementation of Tron founder Justin Solar’s $10 million USDD pledge aimed toward aiding victims affected by the UST disaster.

Initially, Solar’s initiative obtained widespread help, because it sought to help the underside 236,000 UST holders who had been hit the toughest. Nevertheless, updates have been scarce, main some to query the genuineness of Solar’s dedication.

The Terra Luna crash inflicted important monetary hardships on quite a few traders, making pressing measures essential. Solar’s pledge appeared like a beacon of hope for these affected, particularly contemplating his continued exercise on social media, notably Twitter, the place he steadily shares updates on his tasks and engages with customers’ tweets.

Nevertheless, FatMan, who has been in touch with Solar concerning his initiative, reported that communication ceased in December of final yr. Moreover, there have been no updates on the progress of the promised on-chain distribution system since its preliminary announcement. These circumstances have fueled skepticism, with critics dismissing the pledge as nothing greater than a public relations stunt. FatMan expressed his concern, stating, “I hope this wasn’t only a PR stunt.”

The Terra discussion board’s proposal, outlining two attainable approaches for compensating the affected customers, has added to the complexity of the state of affairs. The primary choice entails returning 30 cents on every UST invested to each pockets. Whereas this may provide some aid, issues have been raised that it may disproportionately profit the rich whales who held the vast majority of UST through the depeg.

Alternatively, the second choice prioritizes smaller wallets, specializing in the “poorest” 99.6% of wallets to make sure they obtain 100% restoration. This method goals to handle the wants of those that could have been hit the toughest by the UST disaster, providing a extra equitable resolution to the group.

Amid this rising sentiment, FatMan, alongside others, is looking for readability and immediate updates on the standing of the restoration efforts.