• The Terra Luna Classic (LUNC) L1 Joint Task Force unveiled its Q3 sprint, which revolves around parity between Cosmos and LUNC.
• Cosmwasm v2.1.0 upgrade has been tested and is ready to be launched, with the mainnet launch scheduled for July 14th, 2023.
• Binance will hold the next LUNC burn batch on July 2nd, 2023, and $LUNC currently trades at $0.00008692 according to CoinGecko.
Parity Upgrade Roadmap Unveiled by Terra Luna Classic Team
The Terra Luna Classic (LUNC) L1 Joint Task Force announced their plans for the upcoming Q3 sprint in a blog post on Medium. The primary focus of this sprint is to create parity between Cosmos-based blockchains and LUNA 2.0 via a Cosmwasm upgrade of the Terra Classic blockchain. This upgrade is set to go live on July 14th, 2023 following the successful testing phase that concluded earlier this month.
Binance Schedules Another LUNC Burn
In light of this news, Binance announced that they will be holding another quarterly burn of 8.9 billion $LUNC tokens on July 2nd, 2023 – two weeks prior to the Cosmwasm launch date of July 14th. The current market price of $LUNC suggests that it’s consolidating after a 1.4% downturn over 24 hours prior to press time according to CoinGecko’s data.
Rebel-2 Testnet Launches Tomorrow
To ensure the success of the v2.1.0 upgrade, devs have scheduled a rehearsal testnet launch for tomorrow May 31st at 11am EST followed by Rebel-2 testnet launching later in June 2021 with an Agora proposal for holders to vote on once all tests are completed successfully regarding the Layer-1 upgrade which will bring mainnet parity with other Cosmos blockchains through Cosmwasm protocol integration into Terra Classic blockchain platform ecosystem enabling dApps development capability within Lunc network infrastructure suite capabilities such as query oracle swap query contract info etcetera as relayed in tweet by #luncburnarmy earlier today May 29th 2021..
Impact of Binance Burn Remains Unclear
At present it remains unclear what impact this new round of burning tokens from Binance’s coffers will have on the price trend for LUNC token holders but many remain hopeful as both major exchanges KuCoin & Binance approved previous 0 5% burn tax proposal from community members suggesting potential upside in near future should conditions improve accordingly .
In conclusion this upcoming Q3 sprint promises great things for Terra Luna Classic project & loyal holders alike given recent developments & partnerships along with upcoming rounds of token burns & cosmwasm protocol integration likely bringing much needed revitalization back into project & overall crypto space alike .