Following the introduction of TerraCVita’s plan, which includes a LUNC DEX launch, the most current news was made.
A date for the debut of a decentralized exchange for Terra Luna Classic (LUNC) has been announced by independent TerraCVita (DEX).
The group claims that the community should prepare for the DEX in the first few months of the following year.
Two months have passed since Rex Harrison, a senior member of the TerraCVita group, announced plans to create a decentralized exchange.
“Update… it’s getting exciting, @TerracVita. Dex+ is currently on target for early Q1 2023,” TerraCVita revealed in a tweet on Wednesday.
The firm also said that they are updating more than 100 smart contracts to make them compliant with the Cosmwasm smart contract platform for Cosmos 0.16 and 1.0.0 releases.
Excitement About the LUNC DEX Launch
As anticipated, the revelation has thus far sparked excitement among community members.
Advocates of LUNC have been calling for a decentralized exchange for the cryptocurrency for months.
In October, in response to a query from Rex Harrison, community members emphasized the necessity of a DEX.
Rex acknowledged the uproar and suggested that developers will start working on a DEX if Inter-Blockchain Communication (IBC) channels are opened again.
Two weeks ago, developers reactivated the IBC channel on the Osmosis network.
Interestingly, the TerraCVita team disclosed that they were already working on fantastic projects like LUNC DEX last month.
Additionally, TerraCVita’s whitepaper, which was made public last Friday, supported these ambitions.
According to the locals, a DEX might be a potent LUNC burner. Due to a recent announcement, the debut of TerraCVita will occur in less than four months.
While everything is going on, LUNC’s rally has slowed, falling to a current value of $0.0001467 as of press time, down 10.16% over the previous 24 hours, although still gaining 6% over the last 7 days.
After losing value below $1 billion, the asset was demoted to the 40th largest cryptocurrency by market capitalization, and the market’s current value is $875.6M.