Terra Luna Classic Announces Q2 Plan and Budget for Network Upgrade and Joint L1 Task Force
Terra Luna Classic (LUNC) core developer group, Joint L1 Task Force, has submitted its plan and budget for Q2. The group has completed several crucial blockchain upgrades, such as the v1.0.5 hotfix and v1.1.0, bringing back the Binance LUNC burn mechanism. Now, the group has scheduled another major blockchain upgrade, v2.0.0, for March 31, which will bring AI capabilities to the Terra Classic chain.
The Q2 plan includes testing for the v2.0.0 upgrade, providing technical advice and development support for Ziggy USTC repeg and deploy v2.1.0, and parity with Cosmos blockchain. The developer group will work with an L2 team to develop Classic Station to introduce on-ramp capability and help in testing and scheduling upgrades while reducing the burden on third parties.
The Q2 budget for the Joint L1 Task Force development team is $139.5k, similar to Q1. The distribution of payments will happen monthly after approval from the Oversight Committee and Terra Grants Foundation signers of the multisig. The community has expressed support for the Q2 plan of the Joint L1 Task Force group.
However, some popular members of the community suggested discussing tasks accomplished by the developer group in Q1 before proceeding to approve the Q2 budget. The LUNC price is currently trading at $0.00012, down 2% in the last 24 hours, while the USTC price also fell 2%, with the price currently trading at $0.021.
Takeaways:
Terra Luna Classic (LUNC) core developer group Joint L1 Task Force has submitted its plan and budget for Q2.
The group has completed several crucial blockchain upgrades and is scheduled to release v2.0.0 on March 31, which will bring AI capabilities to the Terra Classic chain.
The Q2 plan includes testing for the v2.0.0 upgrade, providing technical advice and development support for Ziggy USTC repeg and deploy v2.1.0, and parity with Cosmos blockchain.
The Q2 budget for the Joint L1 Task Force development team is $139.5k, similar to Q1, and the distribution of payments will happen monthly after approval from the Oversight Committee and Terra Grants Foundation signers of the multisig.
Conclusion:
Terra Luna Classic's Joint L1 Task Force has announced its Q2 plan and budget, which includes several crucial blockchain upgrades and the development of Classic Station to introduce on-ramp capability. The community has expressed its support for the plan, and the budget will be distributed monthly after approval from the Oversight Committee and Terra Grants Foundation signers of the multisig. As Terra Luna Classic moves forward with its Q2 plan, it will be interesting to see how the project progresses in the coming months.
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