Terra Classic team releases roadmap for Q2 2023 with notable projects ahead, LUNC to $0.01?

• In Q2 2023, the L1 team will conduct extensive testing of Terra Classic v.2.0.0 along with its launch on the mainnet.
• To fund the work for Q2 2023, the L1 team negotiating a fund release of $139.5K. These funds will be split among all developers involved in the project.

On Wednesday, March 29, the Terra Classic Joint L1 Task Force released the roadmap while requesting funding for its work on the Terra Classic blockchain for the second quarter of 2023. The roadmap includes some of the notable projects which will help boost LUNC’s price action going ahead. LuncBurnArmy, the project manager for the L1 team, updated the Q2 roadmap and Funding proposal for Terra Classic, on Agora.

Joint L1 Task Force Q2 Proposal is up on Agora! Please read and provide feedback!https://t.co/1Zjqb6v2zt@frag_dude @TheVinhNguyen4 @ZaradarBH @edk208

— 🔥LuncBurnArmy🔥 (@luncburnarmy) March 29, 2023

One of the major development works in the roadmap included the extensive testing of Terra Classic v.2.0.0 along with its launch on the mainnet. It also includes the deployment of v.2.1.0 along with establishing a connection for Terra Classic so that they can work in parity with Cosmos networks such as Kujira.

The team shall release the Terra Classic v.2.0.0 on the testnet on Friday, March 31. Furthermore, the team also plans to provide technical and development support for the Ziggy USTC re-peg plan. However, this will depend on the regulatory and legal requirements along with community governance. The team shall work alongside the L2 team to develop a Classic Station and build on-ramp capabilities.

Updates for the Subsequent Months

• Next month in April, the team shall focus on conducting further testing of Terra Classic v.2.0.0. After successful tests, the team shall proceed with scheduling the mainnet launch. Additionally, they also plan to make some changes to the L1 team community oversight team.
• In the month of May, the team shall start the testing of v.2.1.0 and will further schedule its launch on the mainnet. Besides, the team will also support the Ziggy USTC re-peg project along with opening up an Inter Blockchain Communication (IBC) channel to Kujira, a blockchain ecosystem domiciled on Cosmos.
• In the final month of Q2 i.e. June, the team will release a two-year roadmap for Terra Classic from Q3 2023 to Q3 2025. Additionally, they would also finalize further Q2 development work and test other on-ramp technologies for the Classic station.

To fund the work for Q2 2023, the L1 team negotiating a fund release of $139.5K. The splitting of these funds will happen among 1 full-time developer, Tobias “Zaradar” Andersen ($13.88K × 3 months), and 3 part-time developers ($6.88K × 3 developers × 3 months). At the same time, the LuncBurnArmy shall also get $6.88K for 3 months. At the same time, two junior developers will receive $1.25K for 3 months.

While these developments take place, the LUNC staking has now surged past the 960 billion mark again with a ratio of over 14%.

$LUNC STAKING is back at 960Billion

Ratio 14.01% . #LUNC #LunaClassicHQ pic.twitter.com/xS4aCDvW09

— LunaClassic HQ 🌕 ™ (@LunaClassicHQ) March 26, 2023

Interestingly, LUNC’s recent changes in sentiment could be attributed to the AI hype in the market. LUNC developer Edward Kim recently stated that Terra Classic holds the potential to become an AI blockchain in the coming months. In his recent blog post, Kim mentioned:

I have developed a custom machine learning Cosmos module that interacts directly with the Layer-1 infrastructure to tap into the compute power beyond the consensus layer.

LUNC, the native cryptocurrency of Terra Classic is currently trading at $0.000123 with a market cap of $725 million.

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