Monday, April 22, 2024
HomeBlockchainTerra Rebels Updates Rebel Station Development, Says It's in Pre-production Stage

Terra Rebels Updates Rebel Station Development, Says It’s in Pre-production Stage

The Terra Classic developer group Terra Rebels continues to work on the deployment of the independent wallet infrastructure for LUNC.

Per an update shared today, Terra Rebels shared the progress regarding the development of Rebel Station with the Terra Classic community.  

Whale Alert

According to the team which is currently confronted with fraud allegations, the expected independent LUNC wallet dubbed Rebel Station is in the pre-production phase. 

While disclosing that they are operating fully independent of Do Kwon and the TerraForm Labs team, Terra Rebels added that the team is still expecting delivery of key components needed for the completion of Rebel Station. 

This separation seems good for the Terra Classic (LUNC) project as Terra founder Do Kwon and the TerraForm Labs were recently sued by the United States Securities and Exchange Commission (SEC) for multiple frauds including the price manipulation of TerraClassicUSD (USTC), formerly called TerraUSD (UST). 

In addition, it was noted that transaction history involving the Terra Classic token can be found on the anticipated Rebel Station and the associated explorer. 

The announcement said, “Rebel Station is now on a pre-production set-up and operating fully independently of TFL. Awaiting delivery of multiple hardware components before pushing to full production. History for LUNC transactions are live on Rebel Station and Finder.”

Recall that the Terra Rebels received a whopping $150,000 for the building of the LUNC wallet from the Terra Classic community pool.  Subsequently, it was reported that the team mismanaged these funds, causing the community to demand refunds. 

<

This led to heated disarray in the community that threatened Binance’s support for LUNC burn and impeded developments in the project ecosystem. While Terra Rebels is yet to refund this $150,000, they continue to share updates intermittently as promised, regarding the development of Rebel Station. But the team has been threatened with a lawsuit.


Follow us on Twitter, Facebook, Telegram, and Google News

Ndianabasi Tom
Ndianabasi Tom
Ndianabasi Tom joined the crypto and blockchain industry in late 2018. He is an all-rounded crypto journalist and content writer. At TimesTabloid, he covers the industry's latest news, developments, and other educational content. He is a graduate of Petroleum Engineering.
RELATED ARTICLES

Latest News & Articles