Terra Luna Classic core developer team Joint L1 Task force 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.
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.
L1TF will send the budget surplus in Q2 back to the community pool, communicating with the investor community once completed.
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.
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.