Terra Luna Classic developer L1TF announces Guardarian deal and commencing Q3 development roadmap, LUNC jumps 20% and USTC 50%.
Monday, the Terra Luna Classic core developer team Joint L1 Task Force (L1TF) reported that they are moving forward with Q3 development plans and providing an update on the status of Q2 duties. In the third quarter, developer teams will focus primarily on the re-peg of the USTC stablecoin while also working on significant upgrades and reducing the circulating supply of LUNC and USTC.
The Block Entropy team of Edward Kim has reached an agreement with on-ramp provider Guardian to list LUNC for gratis, and USTC negotiations are currently ongoing.
Terra Luna Classic Developer L1TF Starts Q3 Roadmap
The project manager for the Joint L1 Task Force developer team, @LuncBurnArmy, took to Twitter to announce the conclusion of Q2 development work, which included the successful completion of several significant upgrades and maintenance tasks.
He added that the team had completed Q2 development and will perform Q3 duties between July 17 and October 17. The L1TF will provide biweekly updates on all responsibilities for the third quarter.
In the most recent breaking news, LuncBurnArmy reported that on-ramp provider Guardian has agreed to provide services to the Terra Luna Classic community for “free.” Additionally, they intend to list LUNC without listing fees. This on-ramp has been implemented in a prototype version of the Station by L1TF.
“We will be reviewing potential service providers and will assess if this is a suitable fit prior to making any recommendations or governance proposals moving forward. However, the technical implementation and how it can be done has been completed, which fulfills the Q2 goal.”
According to the Medium post, L1TF completed enhancements to the Cosmos SDK and CosmWasm opened IBC to the Kujira chain, and implemented security patches such as the “Cherry patch.” After the v2.1.1 upgrade of Parity, the team focused on resolving innovative contract issues with Dapps and other initiatives, including Astroport.
Terra Luna Classic Source: LuncBurnArmy L1TF will return the budget surplus from the second quarter to the investor community after notifying them.
LUNC And USTC Costs Soaring
Terra Luna Classic ecosystem tokens Due to a descending channel breakout, LUNC, and USTC soared by 20% and 50% per week, respectively. Both cryptocurrencies have experienced a substantial increase in transaction volume.
In the past twenty-four hours, the price of LUNC has increased nearly 5% and is currently trading at $0.000094. The 24-hour low is $0.0000899, and the 24-hour high is $0.0000949. A study revealed a retracement before a rise above $0.0001.
Currently, the price of USTC is $0.018, up 25% in the last 24 hours. The 24-hour minimum and maximum are $0.015 and $0.019.
