How this works

Check the treasury

/treasury lists every claim, bridge, purchase and payout in order, each linked to its transaction. The log is hash-chained: each entry carries the hash of the one before it, so any edit, deletion or reorder breaks the chain and the page says so instead of rendering the rows as though nothing happened.

See what has been reclaimed

/vault shows every Rebel bought so far and where each went — to a locker, burned, or held.

Check whether you still hold Rebels

The wallet check on the home page reads your balance through your own wallet. The address never reaches this site’s server — see /privacy.

Hold and lock the token

Buying REBELS funds the buyback. Locking it is what pays you: 35% of every fee in SOL, plus entry into the monthly Rebel draw. Not open yet.

REBELS trades on Meteora DBC → DAMM v2 with a 2% fee. Every creator fee goes to the treasury — none to the team, none to insiders — and accrues in SOL rather than in REBELS, so the treasury never has to sell the token it exists to support.

Each claim is then split two ways:

65%

Bridged to Ethereum and spent buying Rebels on the open market, under a standing price ceiling.

35%

Paid to holders who locked REBELS, in SOL, in proportion to how much each locked.

The split is not arbitrary. The whole collection costs roughly 221 SOL at the price ceiling and trades about twice a month, so the buyback is limited by how many Rebels are listed, not by how much money the treasury holds. Paying part of the fees to holders mostly spends capital that would otherwise sit idle — and unspent treasury is published rather than hidden.

Every Rebel the treasury buys goes to one of three places:

60%

Raffled to holders who locked. A Rebel cannot be divided, so a draw is the only way a small position ever receives one.

25%

Burned. This is the only destination that permanently reduces the 5,604 total, and nobody has to trust anyone for it to be true.

15%

Kept in the vault as a visible reserve. This tightens float, not supply — the Rebels still exist, and the commitment not to sell them is a promise rather than a fact.

A quarter of everything reclaimed is destroyed, which sits in real tension with the claim that this work is worth saving. The argument is that a permanently smaller collection, most of it held by people who locked capital to get it, beats 5,604 pieces sitting in a market that never came back for them. Anyone who disagrees with that trade should not buy the token.

Locked positions are weighted by which escrow address the deposit went to, not by how long it has sat there: sending to LOCK_30 earns ×1, LOCK_90 earns ×2, and LOCK_180 earns ×3 — in full, the moment the lock is confirmed. Nothing computes a duration, so a dispute like “my lock turned 90 days at 23:58, why was I counted at ×1” cannot happen — there is no clock to be on the wrong side of. The weight is earned because the commitment behind it is real: choosing LOCK_180 locks the tokens for 180 days with no early exit, in exchange for the full ×3 from day one. The escrow addresses, the bands and who actually holds the tokens while they are locked are on /rewards. Eligibility is fixed at 00:00 UTC on the 1st of each month, and the draw uses a randomness round published 48 hours later. Both are fixed by the calendar so nobody chooses a convenient moment.

The randomness comes from drand, a public beacon run by a threshold network. Before the round exists, we publish the eligible list, the prize token IDs and the round number as a log entry. Nobody — including us — can know the value at that point.

Once that round publishes, anyone can compute the winners without us. Every input is public and the method is published, so a result cannot be quietly re-rolled. We can only fail to send the Rebels, and a committed draw with no matching transfers is conspicuous in a log that cannot be edited.

Eligibility itself comes straight from the public, hash-chained operation log — a confirmed lock with no matching return, as of the cutoff — so it does not need to be reconstructed from chain history at all. The full eligible list is published as part of the commitment, not only its fingerprint, so it can be checked directly rather than trusted.

Any figure on this site

Every number is read live from the chain or derived from the published log, and stamped with how old the reading is. If a source cannot be reached, the site shows -- rather than guessing or showing zero.

Any transaction

Every row on /treasury links to a block explorer. Follow it.

The log itself

Each entry contains the hash of the previous one. Recompute the chain and any tampering shows up. The site does this on every page load and reports the result rather than assuming it passed.

A draw

Fetch the drand round, check its signature against the network’s public key, rehash the published list, and re-run the selection. If your answer differs from ours, ours is wrong.

Rebels launched in June 2022: 5,604 pieces of 3D artwork by Night Labs, built around a customisation system that let holders restyle their character in three dimensions.

In August 2023 the funding ran out. What Night Labs did next is why this project can exist: they open-sourced the entire render stack, moved every image and metadata file to Arweave, released the 3D source files, and handed the contracts to a community multi-signature wallet. That is not how a project is dropped. It is how one is put down carefully, in a state where it could be picked back up.

Then three years of quiet. The floor fell to a few ten-thousandths of an ether and trading dropped to almost nothing — but nothing broke. The contracts held, the render tooling still runs, and the artwork stayed addressed on Arweave the whole time, though the gateway serving those files is not currently resolving, so this site shows the same images from OpenSea’s cache in the meantime. The collection was never lost. It was waiting.

So the price has nothing to do with the work. It reflects a team that ran out of runway, not work that failed — and the market has not repriced it because nobody was bidding. The treasury is the bid.

REBELS is a funding mechanism for an art project. It is not an investment and it may lose all of its value. It gives you no ownership of the vault, no governance right and no entitlement to any specific Rebel.

What it is meant to do is pay you: locking it is the intended route to a share of fees and to receiving a Rebel, and both are things of real value delivered through the efforts of a team. In some jurisdictions that description matters legally. The Council took this decision knowing it, and says so here rather than leaving it implied.

Fee income depends on trading volume, and volume decays. This is not a perpetual buyback. The full limits are on /token, and the terms of use are on /terms.