Terra Luna Classic core developers team Joint L1 Task Force (L1TF) said Monday they are continuing development plans for Q3 and will share completion status for tasks in Q2. Developer teams are mainly working on USTC stablecoin repeg in Q3 while also working on major upgrades and reducing LUNC and USTC circulating supplies.
Members of Edward Kim’s Block Entropy team reached a deal with on-ramp provider Guardarian to list LUNC for free while USTC negotiations are currently underway.
Also Read: Terra Classic Community Pool Balance Soars, Quant-Binance USTC Talks, Coinbase’s LUNC List
Terra Luna Classic developer L1TF launches Q3 Roadmap
The Joint L1 Task Force developer team project manager, LuncBurnArmy, responded on Twitter to announce the end of development work in the second quarter, with several major upgrades and maintenance tasks successfully completed.
He further added that the team completed developments in the second quarter and will work on tasks scheduled for the third quarter from July 17 to October 17. L1TF will provide bi-weekly updates on all Q3 tasks.
In the headline news, LuncBurnArmy revealed that on-ramp provider Guardarian agrees to offer services “for free” to the Terra Luna Classic community. It also plans to list LUNC with no listing fees. L1TF implemented this ramp on a test version of Station.
“We will review potential service providers and assess their suitability before making any recommendations or governance proposals. However, the technical implementation and how it can be done has been completed, reaching the target for the second quarter.
According to the Medium post, L1TF completed the Cosmos SDK and CosmWasm upgrades, opened IBC to the Kujira chain, and deployed security patches such as the “Cherry Patch”. After the v2.1.1 Parity upgrade, the team worked on fixing smart contract issues with Dapps and other projects, especially Astroport.
L1TF will return the budget surplus in the second quarter to the community pool and communicate with the investor community once completed.
Also Read: Binance CEO Reveals LUNC Holdings Renewed Terra Luna Classic Sentiment To $1
LUNC and USTC Price Skyrockets
Terra Luna Classic ecosystem tokens LUNC and USTC skyrocketed by 20% and 50% each week due to a descending channel breakout. Trading volume has increased significantly for both cryptocurrencies.
The LUNC price is up almost 5% in the last 24 hours with the price currently trading at $0.000094. The 24-hour low and high are $0.0000899 and $0.0000949, respectively. An analysis by CoinGape Markets revealed a pullback before a jump above $0.0001.
Meanwhile, the USTC price is trading at $0.018, up 25% in the last 24 hours. The 24-hour low and high are at $0.015 and $0.019, respectively.
Also read: Australia’s four major banks block payments to crypto exchanges
Varinder has 10 years of experience in the Fintech sector, with more than 5 years dedicated to blockchain, crypto and Web3 developments. A technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in more than 5,000 news stories, articles and newspapers. With CoinGape Media, Varinder believes in the enormous potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
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This post Terra Luna Classic L1TF on Guardian Deal and Q3 Roadmap, LUNC up 20% and USTC up 50%
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