Terra Luna Classic L1TF developer Vinh Nguyen has forked the Osmosis test tube to test Astroport fixes and 800 million USTC burn contract migration. This will benefit the Terra Classic community and boost LUNC and USTC prices.
The Osmosis test tube is a generic library for building testing environments for CosmWasm smart contracts. CosmWasm is a framework for writing smart contracts in Rust that runs on the Cosmos SDK, which is a modular blockchain platform written in Go.
The test tube allows developers to test smart contract logic against the actual Cosmos SDK chain’s logic using Rust. This eliminates the need to write Go code or learn Go to test smart contracts against the Cosmos SDK.
Why did Terra Luna Classic Developer Fork the Osmosis Test Tube?
Terra Luna Classic L1TF developer Vinh Nguyen forked the Osmosis test tube to test Astroport fixes and 800 million USTC burn contract migration. Astroport is a Cosmos-based liquidity protocol that was applied to Terra Classic last month. However, it had some issues that needed to be fixed.
The 800 million USTC burn contract migration is a major upgrade for Terra Classic, as it will reduce the supply of USTC, the stablecoin of Terra Classic, and increase its value. USTC is pegged to the US dollar and backed by LUNC, the native token of Terra Classic.
How will this Benefit the Terra Classic Community and Boost LUNC and USTC Prices?
The fork of the Osmosis test tube will benefit the Terra Classic community by allowing developers to perform integration tests of CosmWasm contracts and inter-contract interaction. This will enable them to create more robust and secure smart contracts for Terra Classic.
The fork will also boost LUNC and USTC prices by increasing the confidence and interest of the investors and traders. LUNC is the governance token of Terra Classic, which allows holders to participate in network decisions and earn rewards from staking. USTC is the stablecoin of Terra Classic, which is used for transactions and payments.
The community expects LUNC price to cross $0.0002 soon amid development activity and staking. LUNC price is trading sideways after a 7% upswing this week. The 24-hour low and high are $0.0001118 and $0.0001163, respectively.
Furthermore, trading volume has decreased by 20% in the past 24 hours.
USTC price continues to rise in response to the 800 million USTC burn testing by Terra developer Fragwuerdig, with the price trading at $0.02682. The 24-hour low and high are $0.02576 and $0.02718, respectively. Trading volume has increased slightly as compared to the last day, indicating interest among traders.
