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October 4, 2022

Rebus Launch Update

Over the weekend, the LBP (813) that we launched on the Osmosis platform ended, and as we expected, it didn’t work as it was supposed to. The price curve seemed to work the opposite of a regular LBP. This caused significant issues to the $REBUS launch, and as suggested by some members of the Osmosis community, we decided to pull all of the liquidity from it.

Tweet by @JohnnyWyles87, Osmosis community member
Tweet by @JohnnyWyles87, Osmosis community member

The Rebus team has agreed not to fund LP 813 any time soon and to participate in any other LBP on the Osmosis platform. We are actively discussing a launchpad option with a few large exchanges, which will be our go-to-market plan, the details on which exchange and the dates will be released as soon as we have finalized the partnership. Please be advised not to put any liquidity in that pool. Take this as our official statement that we do not support it at this time, therefore, any liquidity you put in this pool is at your own risk.

We are currently integrating with two CEX exchanges to have $REBUS listed by the end of October. The team will enable IBC transfers once $REBUS has launched.

Rest assured, we are working as hard as possible to achieve this quickly.

Thank you for your continued support.

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