The Terra Classic ecosystem is on the brink of rejuvenation, thanks to the relentless efforts of the Layer One Joint Task Force (L1JTF), also known as the Terra Classic Joint Task Force. This squad, led by Vinh Nguyen, is comprised of dedicated developers whose mission is to prevent the LUNC from sinking into obscurity.
Recent Developments and Progress
In a recent update, Vinh Nguyen shed light on the progress of the LUNC ecosystem revival project. Highlighting the significant strides made, Nguyen revealed that unused funds from the third quarter (Q3), amounting to a staggering 344 million LUNC tokens, have been returned to the community pool (CP). This move comes as the L1JTF team prepares to transition into the maintenance phase for the fourth quarter (Q4).
It’s noteworthy to mention that these funds are surplus from the initial Q3 funding, and as the team gears up for Q4, this repaid amount will be channelled into further developments. Data from LUNC’s tracking site indicates a substantial increase in the community pool holdings during Q3, with the pool currently holding over 2 billion LUNC and 6 million USTC.
L1JTF’s Plans for Q4
Alongside the returned funds, Nguyen also unveiled the team’s development plans for Q4. According to the squad leader, three key areas in the LUNC ecosystem will be the focus of improvements:
- Resolving issues with Astroport, a leading decentralized exchange (DEX) built on the Terra Classic blockchain.
- Addressing chain-related issues.
- Supporting pool requests (PRs).
With these objectives in mind, it will be interesting to observe the developments by the end of Q4.
Looking Ahead: The Roadmap
Not only is the L1JTF team focused on the immediate quarter, but they are also looking at the bigger picture. In a recent conversation initiated by a LUNC community member, Nguyen disclosed that the roadmap for the upcoming year will also be prepared during Q4. This forward-thinking approach underscores the team’s commitment to the long-term success of the LUNC ecosystem.
As we monitor the progress of the Terra Classic Joint Task Force, tools like cryptoview.io can provide valuable insights into the LUNC ecosystem. This application offers a comprehensive view of the crypto market, making it an indispensable tool for those involved in the crypto space.
