Altcoin
Terra Rebels Transfers Terra Station Support To TerraCVita
Volunteer Terra Classic developer group Terra Rebels has announced ending support for Terra Station and will focus on Rebel Station. TerraCVita will handle support for Terra Station from now onwards. Meanwhile, Terraform Labs switches to a cross-chain “Station” wallet and looks to add support for both LUNC and LUNA.
Terra Classic Community Panic Amid Terra Station Uncertainty
As part of the Terra Classic Revival Roadmap, Terra Rebels on Tuesday announced a community pool spend proposal to separate from TFL and Do Kwon. TFL asked Terra Rebels to do several L1 changes on Terra Classic to become compatible with the new Station with Cosmos chains.
However, Terra Rebels decided to work on Rebel Station instead. Users can easily transition to the Rebel Station by using their mnemonic phrases or importing their private keys.
Terra Rebels in a tweet on December 7 announced that it has integrated autonomous endpoints for Rebel Station, utilizing Terra Rebel LCD clusters. Currently, the developer group is working on supporting the FCD endpoints.
Meanwhile, TerraCVita will handle the Terra Station, with TerraCVita successfully sharing endpoints with TFL. Both Terra Station and Rebel Station showed network outages caused by the 1.0.4 upgrade as TFL didn’t update the LCD. The 1.0.4 upgrade prepares validators and crypto exchanges as developers re-open IBC channels.
The situation created panic in the Terra Classic community with several undelegating their LUNC. In response to rising FUD, Terra Rebels core developer Edward Kim said the upgrade request from TFL finally reached the right people with only one day left and took the responsibility for it.
LUNC Price Loses Momentum
The FUD surrounding TFL ending support for Terra Classic caused the LUNC price to fall significantly. The LUNC price is currently trading at $0.0001646, down over 4% in the last 24 hours.
The 24-hour low and high for Terra Classic are $0.0001625 and $0.0001734, respectively. The trading volume has dipped significantly.
Also Read: Terra Classic Edward Kim On Reopening IBC Channel, Proposal 10983
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
