- Terra Rebels have formally unveiled the LUNC roadmap to revive the project.
- Terra Rebels will try to restore the original LUNA token, now known as Terra Classic.
- The arrest warrant for Terra’s founder, Do Kwon, is causing the value of LUNC to fall.
Terra Classic (LUNC) might emerge from the ashes as a group known as the Terra Rebels has taken steps to restore the original LUNA token, now named Terra Classic, and has formally revealed the new LUNC roadmap.
In the crypto markets, the Terra meltdown in May caused a loss of investor cash of a never before seen magnitude. The revival’s official road map was just made public.
It brings us great pleasure to release to all of you the official Terra Rebel Roadmap. The roadmap is readily viewable on our website here : https://t.co/OJSShSXRgN. Please be aware that the roadmap is subject to change. pic.twitter.com/AE0BZ0J6Eh— Terra Rebels (@TerraRebels) September 29, 2022
Terra Rebels is developing the Lite Client Daemon (LCD), the Terra Station Wallet, and the Community Pool (NASDAQ:POOL) to break away from Terraform Labs (TFL) and Do Kwon. TFL no longer supports the Terra Classic Network or LUNC Money in favor of focusing on LUNA v2.
Up to six measures have been effectively implemented as of reporting time. The organization needs to implement roughly eight more steps before the year ends after the whitepaper’s release.
The team hopes to close the year by working on a second algorithm that would help with the introduction of an Algorithmic Fungible Token (AFT), making things more fascinating as they go.
The Terra Rebels intend to begin testing the blockchain update in 2023. A proposal to develop additional incentive mechanisms for the network to enhance decentralization is also revealed at the roadmap’s conclusion at the time of publication.
The project also intends to repeg the AFT and begin supporting dApps via the CosmWasm update between Q1 and Q2+ 2023.
Terra Rebels also disclosed that they would accept donations via the websites Open Collective and Terra Classic Wallet.
We are also happy to announce that Terra Rebels is now capable of accepting donations, utilizing Open Collective as well as a native Terra Classic Wallet.#LUNC Open Collective | https://t.co/OXF90wq7nwDonations Wallet Address | terra1067mhg3qwdccep2sp95cca8nmj8ds395w2rue7
— Terra Rebels (@TerraRebels) September 29, 2022
The current price activity has only hinted at a faint glimmer of hope. Since the Terra-Luna debate, Terra Classic (LUNC) has reportedly surged by 370%, according to CoinGecko. The price rose by approximately 500% after V22.
On September 8, LUNC reached $0.00058. The cost is $0.00027 due to the release of an arrest warrant for Terra’s founder Do Kwon.
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