The Terra Luna Classic core developer Joint L1 Task Force (L1TF) has submitted a revised proposal for the network’s development and maintenance in Q3. The group’s primary focus is on improving and accelerating LUNC and USTC supply reduction through the market module. Additionally, they aim to upgrade the Cosmos SDK, integrate Edward Kim’s Block Entropy AI app chain, enable the Token Factory, and support external teams like ‘quant’ for USTC repeg.
After achieving parity with Terra 2.0 and other Cosmos blockchains, upgrading Cosmos SDK to 0.45.13 and Tendermint 0.34.24, and enforcing a 5% minimum validator commission, the L1TF presents their plans and budget for Q3. Their suggested actions include upgrading the Cosmos SDK to a more stable version, testing the market module in the USTC test environment, and setting a maximum cap for LUNC supply. The Terra Classic team will also evaluate whether to implement CometBFT and oversee the Bug Bounty program.
In the following months, the L1TF will re-enable the swap mechanism and capital controls in the market module while implementing the Alliance module for increased interoperability. As part of the Token Factory, they also propose generating custom IBC denoms. Furthermore, L1TF will collaborate with Edward Kim to incorporate the Block Entropy AI app chain into Terra Classic and work with the ‘quant’ team for USTC repeg.
The requested budget for Q3 totals $133k, approximating to 1.48 billion LUNC. Surplus funds will be returned to the community pool once the quarter ends. Notably, full-time developer Superman ($12.5k per month) is back on the Joint L1 Task Force team, joining part-time developers Xi, Till (fragwuerdig), and Vinh ($6.25k per month, each), project manager LuncBurnArmy ($5k per month), and $3k per month budgets for discretionary and OPEX needs.
LUNC’s current price stands at $0.000092, a 3% increase in the past 24 hours. Meanwhile, USTC’s price is trading at $0.012, up 4% over the same period. It remains crucial for investors to conduct thorough market research before investing in the ever-changing world of cryptocurrencies.
While the L1TF’s revised proposal demonstrates an ambitious plan for Terra Luna Classic’s Q3, only time will tell if these advancements and collaborations will lead to increased stability and growth. The introduction of new modules, external cooperation, and infrastructure upgrades presents both opportunities and challenges for the Terra Classic network.
Source: Coingape
