The post LUNA’s Guardian Partnership and Q3 Roadmap Revealed by Terra Luna Classic, Tokens Surge appeared first on Coinpedia Fintech News
Terra Luna Classic’s core developer team, the Joint L1 Task Force (L1TF), has announced their plans for Q3 development while sharing the completion status of tasks from Q2. In the upcoming quarter, the developer teams will primarily focus on the repeg of the USTC stablecoin, along with major upgrades and a reduction in circulating supplies of LUNC and USTC.
Edward Kim’s Block Entropy team has recently established an agreement with on-ramp provider Guardian regarding the listing of LUNC. As part of the agreement, LUNC will be listed for free. Negotiations for the listing of USTC are still underway and have yet to be finalized.
LuncBurnArmy, the project manager of the Joint L1 Task Force developer team, took to Twitter to announce the completion of Q2 development work, which included several significant upgrades and maintenance tasks. The team is now shifting its focus to Q3 tasks from July 17 to October 17, with updates on all tasks planned to be provided on a biweekly basis.
In noteworthy news, LuncBurnArmy revealed that Guardarian has agreed to offer services to the Terra Luna Classic community for free, including the listing of LUNC without any fees. This on-ramp has been implemented on a test version of Station.
According to a Medium post, L1TF has successfully completed Cosmos SDK and CosmWasm upgrades, opened IBC to the Kujira chain, and implemented security patches such as the “Cherry patch.” After the v2.1.1 Parity upgrade, the team worked on resolving smart contract issues with Dapps and other projects, particularly Astroport.
L1TF plans to return the budget surplus from Q2 to the community pool and will communicate with the investor community once this process is completed.
LUNC and USTC surge
As a result of a descending channel breakout, the Terra Luna Classic ecosystem tokens, LUNC and USTC, experienced significant price increases of 14% and 55%, respectively, over the past week. The trading volume for both cryptocurrencies has also seen a significant jump.
In the past 24 hours, LUNC’s price has risen nearly 1%, currently trading at $0.00009313. Meanwhile, USTC is trading at $0.018, showing a 6.8% increase in the past 24 hours.
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