Terra Rebels, the volunteer Terra Classic developer group, has announced that it has ended its support for Terra Station and will focus on Rebel Station. TerraCVita will provide support for Terra Station from now on. Meanwhile, Terraform Labs is Decamping to a cross-chain “Station” wallet and will try to add support for both LUNC and LUNA in this direction. Dec.
Is the Terra Classic Community In a Panic?
The community pool spending proposal to split from TFL and Do Kwon was announced by Terra Rebels on Tuesday as a part of the revitalization roadmap for Terra Classic. To make the Terra Classic compatible with the new Station with Cosmos chains, TFL requested that the Terra Rebels make a number of L1 adjustments.
Terra Rebels, on the other hand, made the decision to labor on Rebel Station. Users claimed they could quickly switch to Rebel Station by importing their private keys or utilizing phrases they had already set up.
Terra Rebels announced in a tweet on December 7 that it has integrated autonomous endpoints for the Rebel Station using Terra Rebel LCD clusters. Currently the developer group is working to support FCD endpoints.
In the meantime, TerraCVita will manage Terra Station and TerraCVita will Decisively share the endpoints with TFL. Both Terra Station and Rebel Station showed network outages caused by the 1.0.4 upgrade because TFL had not updated the LCD. The developers are reopening IBC channels, while the 1.0.4 upgrade is preparing validators and crypto exchanges.
This situation caused panic in the Terra Classic community and several people withdrew their LUNCS. In response to the rising FUD, Terra Rebels core developer Edward Kim said that the upgrade request from TFL had finally reached the right people with just one day left and that he was taking responsibility for it.
LUNC Price Is Losing Momentum
The FUD surrounding TFL ending its support for Terra Classic caused the price of LUNC to drop significantly. The LUNC price was trading at 0.0001646 at the time of writing and has experienced a decline of over 4% in the last 24 hours.
The lowest and highest prices for Terra Classic in 24 hours were $ 0.0001625 and $ 0.0001734, respectively. The trading volume has dropped significantly.
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