Terra Classic Team Reveals Revised Q2 Strategy and Goals

• The development team is aiming to implement the Cosmwasm v1.1.0 update (parity) in May.
• The v2.0.0 update to the mainnet network is scheduled for May 17.

On Saturday, the Joint L1 Task Force, a group of Terra Classic (LUNC) developers, shared their Q2 plan, including the timeline for upcoming network enhancements, governance suggestions, and more.

The development team is aiming to implement the Cosmwasm v1.1.0 update (parity) in May. It will let projects and builders on both the Cosmos and Terra Luna 2.0 chains once again construct on the Terra Classic chain.

The community’s strategy for reviving LUNC and USTC will get a significant boost as a result of this. The consensus price goal is $0.0005, with a longer-term goal of $1.

The community is concerned about the future of Terra Classic. Especially after the departure of two key developers, professor Edward Kim and Tobias “Zaradar” Anderson. From the Joint L1 Task Force development group.

Revised Q2 Strategy and Goals

In a medium post dated April 29th. Joint L1 Task Force project manager LuncBurnArmy detailed the revised Q2 strategy and goals.

The v2.0.0 update to the mainnet network is scheduled for May 17 by the development team. To ensure the improvement is finished on schedule, a proposal will be put up for a vote on Agora. The development team still intends to update the Cosmos SDK and Tendermint on the Rebel-2 testnet, despite the fact that only a small number of validators have committed to participate in the testnet.

It will be releasing Cosmos SDK 0.45.11, Tendermint 0.34.24, Cosmwasm 1.1.0 (Parity), IBC to Kujira, a Cross-chain Liquidity Assessment, and a Tendermint to Comet Basic Function Testing (BFT) Analysis in the second quarter.

If it can complete the development on time and under budget, it may put the extra money back into the community pool at the end of the quarter.