Altcoin News by Thebittimes.Com

The L1TF also proposes to upgrade Cosmos SDK, incorporate Edward Kim’s Block Entropy AI app chain, enable Token Factory, and assist external teams such as ‘quant’ for USTC repeg . advertisement Also Read: Terra Luna Classic Community Sees 40% Jump in LUNC Price As L1TF To Work On USTC Repeg Terra Classic L1TF Releases Revised Q3 Proposal Joint L1 Task Force project manager LuncBurnArmy announces a revised Q3 proposal for the Terra Luna Classic developer team. After successfully achieving parity with Terra 2.0 and other Cosmos blockchains, upgrading Cosmos SDK to 0.45.13 and Tendermint 0.34.24, and implementing a 5% minimum validator commission, the team submits activities and budget for Q3. According to the proposal, L1TF suggests upgrading Cosmos SDK to a stable version, testing the market module in the USTC test environment, and implementing a maximum cap for LUNC supply in July and August. Recommended Articles ...

CoinGape Media earlier reported that Terraform Labs, co-founded by Do Kwon and Daniel Shin, transferred 1.8 million Convex Finance (CVX) tokens worth nearly $8.7 million. advertisement Terra’s Do Kwon Withdraws 2.15 Million Worth USDT and LUNC Stablecoins worth $400,000 and Terra Classic (LUNC) worth $150,000 were withdrawn from wallets reportedly managed by Terra co-founder Do Kwon, reported KBS News on May 18. The withdrawals came before the Montenegro court accepted 400,000 Euro ($436,000) per person bail for Do Kwon and former CFO Han Chang-joon on May 12. Both will remain under house arrest until the court proceedings are completed on the passport forgery case and followed by the extradition case. The Montenegrin prosecutor’s office has appealed the court’s decision granting Do Kwon ’s bail application citing flight risk as the bail amount is far less as compared to their assets. The withdrawals are taking place as South Korean prose...