Terra Luna Classic L1TF On Guardarian Deal and Q3 Roadmap, LUNC Up 20% & USTC 50%

Terra Luna Classic core developer team Joint L1 Task Force (L1TF) on Monday said they are moving ahead with Q3 development plans, sharing the completion status for tasks in Q2. Developer teams to primarily work on USTC stablecoin repeg in Q3, while also working on major upgrades and reducing LUNC and USTC circulating supplies.

Edward Kim’s Block Entropy team members reached a deal with on-ramp provider Guardarian to list LUNC for free, with USTC negotiations ongoing currently.

Also Read:  Terra Classic Community Pool Balance Rises, Quant-Binance USTC Talks, Coinbase’s LUNC Listing

Terra Luna Classic Developer L1TF Starts Q3 Roadmap

The Joint L1 Task Force developer team’s project manager LuncBurnArmy took to Twitter to announce the end of Q2 development work, successfully completing several major upgrades and maintenance tasks.

He further added that the team has completed Q2 developments and will work on tasks planned in Q3 from July 17 to October 17. L1TF will provide updates on all tasks in Q3 on a bi-weekly basis.

In the major news, LuncBurnArmy revealed that on-ramp provider Guardarian agrees to offer services to the Terra Luna Classic community for “free.” Also, it plans to list LUNC without listing fees. L1TF has implemented this on-ramp on a test version of Station.

“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 Cosmos SDK and CosmWasm upgrades, opened IBC to Kujira chain, and implemented security patches such as the “Cherry patch”. After the v2.1.1 Parity upgrade, the team worked on fixing smart contracts issues with Dapps, and other projects, especially Astroport.

L1TF will send the budget surplus in Q2 back to the community pool, communicating with the investor community once completed.

Also Read: Binance CEO Disclosing LUNC Holdings Renewed Terra Luna Classic Sentiment To $1

LUNC and USTC Price Skyrockets

Terra Luna Classic ecosystem tokens LUNC and USTC skyrocketed 20% and 50% a week as a result of descending channel breakout. The trading volume has jumped significantly for both cryptocurrencies.

LUNC price jumped nearly 5% in the past 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, USTC price is trading at $0.018, up 25% in the past 24hrs. The 24-hour low and high are $0.015 and $0.019, respectively.

Also Read: Australia’s Big Four Banks Block Payments To Crypto Exchanges

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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