LUNC News: Terra Luna Classic core developer groups set issues straight to maneuver ahead with Terra Classic ecosystem revival. The Joint L1 Task Force and RedlinerDrifter-led Quant developer groups have determined to proceed with TerraClassicUSD (USTC) repeg to revive USTC to $1, which can not directly assist increase LUNC worth to the group’s goal of $1.
Terra Luna Classic Developers Prepare for USTC Repeg
Ex-Terra Rebels and Quant staff member RedlineDrifter took to Twitter on June 23 clarifying the drama associated to USTC repeg and Joint L1 Task Force leaking confidential info.
The developer groups will once more work in coordination to persuade crypto exchanges about USTC repeg efforts. The builders align with the Terra Luna Classic group that USTC repeg will assist in ecosystem revival for LUNC.
He revealed that the staff reached out to main crypto exchanges through professor Edward Kim-founded Terra Grants Foundation and reXx. In truth, most exchanges reacted positively to Proposal 11487 “USTC Incremental Repeg, Buybacks, Staking, Swaps.”
The centralized exchanges’ mentioning technical points to assist the proposal have been shared with L1TF mission supervisor LuncBurnArmy because of involvement in Terra Classic growth. RedlineDrifter claims solely reXx, LuncBurnArmy, and he knew concerning the info. However, LuncBurnArmy has denied leaking confidential information.
“We were still in talks and they’ve made it clear that they have not closed the door on the proposal. Regretfully, LBA decided to circumvent the usual lines of communication, and he leaked confidential information.”
While the group agrees with USTC repeg to revive the Terra Luna Classic ecosystem, some members identified “a lack of professionalism and maturity.” Meanwhile, L1TF agrees to work on USTC repeg to reinforce and expedite LUNC and USTC provide discount, revealing of their revised Q3 proposal.
Also Read: Terra Luna Classic Supports L1TF On L2 Team For Community-Owned Wallet; Terra Rebels Returns
LUNC Price Moving Sideways Despite Major News
Terra Classic continues to maneuver sideways after the v2.1.1 parity improve, failing upside momentum over the $0.00010 stage. Also, information of LUNC group anticipating a rebound to $0.00014 till June 30 did not spark an increase.
LUNC worth jumps 1% within the final 24 hours, with the value presently buying and selling at $0.00092. The 24-hour high and low are $0.000894 and $0.000928, respectively. Meanwhile, USTC worth trades at $0.012.
Also Read: BinanceUS Restores USD Withdrawals And Announces Major Changes; USDT Depegs
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