Terra Luna Classic’s developer, L1TF, reveals a Guardarian deal and initiates the Q3 development roadmap, leading to a 20% surge in LUNC and a 50% rise in USTC.
Terra Luna Classic’s core developer team, Joint L1 Task Force (L1TF), confirmed the progression of their Q3 development plans, sharing the status of Q2 tasks. The primary focus for Q3 will be on the USTC stablecoin repeg, alongside major upgrades and efforts to decrease the circulating supplies of LUNC and USTC.
Edward Kim’s Block Entropy team members struck a deal with on-ramp provider Guardarian to list LUNC without any cost. Simultaneously, negotiations are currently in progress for USTC listing.
Terra Luna Classic Developer L1TF Begins Q3 Roadmap
LuncBurnArmy, the project manager for Joint L1 Task Force developer team, shared on Twitter the successful completion of Q2 development work, which involved various major upgrades and maintenance tasks.
LuncBurnArmy also mentioned that the team finished Q2 developments and is set to focus on Q3 tasks from July 17 to October 17. Updates on all Q3 tasks will be provided bi-weekly by L1TF.
In significant news, LuncBurnArmy revealed that on-ramp provider Guardarian will offer services to the Terra Luna Classic community for free. Moreover, they plan to list LUNC without any listing fees. The implementation of this on-ramp has been tested on a version of Station by L1TF.
“We will review potential service providers to ensure a suitable fit before making any recommendations or governance proposals. The technical implementation fulfilling the Q2 goal has been completed.”
According to the Medium post, L1TF achieved Cosmos SDK and CosmWasm upgrades, enabled IBC to Kujira chain, and applied security patches like the “Cherry patch”. Following the v2.1.1 Parity upgrade, the team addressed smart contract issues with Dapps and focused on other projects, including Astroport.
Source: LuncBurnArmy
L1TF plans to return the Q2 budget surplus to the community pool and will communicate with the investor community once the process is finalized.
LUNC and USTC Prices Soar
Terra Luna Classic ecosystem tokens, LUNC and USTC, surged 20% and 50%, respectively, within a week following a descending channel breakout. Notably, the trading volume for both cryptocurrencies has seen a significant increase.
LUNC’s price rose by approximately 5% in the last 24 hours, currently trading at $0.000094. The 24-hour low and high were recorded at $0.0000899 and $0.0000949, respectively.
USTC’s price surged by 25% in the past 24 hours, currently trading at $0.018. The 24-hour low and high were registered at $0.015 and $0.019, respectively.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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