Terra Luna Classic’s Q3 Development Plans and Q2 Milestones
Terra Luna Classic’s core developer team, the Joint L1 Task Force (L1TF), has shared their plans for Q3 development and provided updates on the completion status of tasks from Q2. Here are the key points:
1. Repeg of USTC Stablecoin: In the upcoming quarter, the developer teams will focus on the repeg of the USTC stablecoin, along with major upgrades and a reduction in circulating supplies of LUNC and USTC.
2. Block Entropy Agreement: Edward Kim’s Block Entropy team has reached an agreement with on-ramp provider Guardian for the listing of LUNC. Negotiations for the listing of USTC are still ongoing.
3. Q2 Milestones: The Q2 development work included significant upgrades and maintenance tasks. The team is now shifting its focus to Q3 tasks, with updates planned to be provided on a biweekly basis.
4. Implementation of Free Services: Guardarian has agreed to offer services to the Terra Luna Classic community for free, including the listing of LUNC. This has been implemented on a test version of Station.
5. Completed Milestones: L1TF has successfully completed Cosmos SDK and CosmWasm upgrades, opened IBC to the Kujira chain, and implemented security patches. They have also resolved smart contract issues with Dapps and other projects.
Impact on Prices and Current Updates
As a result of a descending channel breakout, the price of LUNC and USTC has seen significant increases. Here are the current price updates:
– LUNC’s price has risen nearly 1% in the past 24 hours and is currently trading at $0.00009313.
– USTC is trading at $0.018, showing a 6.8% increase in the past 24 hours.
Hot Take
Terra Luna Classic’s Q3 development plans show a focus on stability and improvements to their stablecoin and ecosystem tokens. The completion of significant milestones in Q2 indicates progress in the project’s development. The price increases of LUNC and USTC suggest growing interest and confidence in the Terra Luna Classic ecosystem.
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