Terra Classic

A popular crypto figure, WSB Trader Rocko, recently proclaimed that the algorithmic stablecoin USTC has brought the trader into the Terra community, unveiling his excitement for the Terra Classic’s proposal for a potential re-peg event, the USTC Test Environment.On May 23, the Terra Classic (LUNC) L1 team <a href="https://classic-agora.terra.money/t/ustc-test-environment/52031" rel="noopener noreferrer nofollow">announced</a> its plans to create a test environment, exploring the various strategies the platform could adopt to ease the USTC re-peg. It was the L1 team Project Manager LuncBurnArmy who <a href="https://twitter.com/luncburnarmy/status/1660859864434851840?s&#61;20" rel="noopener noreferrer nofollow">publicized</a> the matter via his official Twitter page; he informed his followers that the project is based on parity and it would begin only when the upgrade to parity is achieved.As per the official report, the project doesn’t require any additional community funds and would only utilize the already existing fund which is allocated for the team. Notably, the key objective of the L1 team to execute the event is to restore USTC’s peg to the US dollar. In addition, the team also intends to reduce LUNC’s extensive supply.Read full article at <a href="https://cryptotale.org/crypto-enthusiast-celebrates-terra-classics-ustc-test-environment/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Crypto Enthusiast Celebrates Terra Classic’s USTC Test Environment

CryptoTale

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