The Terra Classic Joint Layer-1 Task Force has been officially funded from the community spend pool for the second quarter of 2023. The proposal, which was submitted by the Terra Classic Layer-1 development team, passed governance voting with 55.53% Yes votes. The Task Force requested $124k from the project community pool to carry out all-around developments in the Terra Classic ecosystem including necessary network upgrades.

To achieve the goal of taking LUNC to $1 per token, lots of initiatives such as LUNC burning and several projects have been rolled out by various independent development teams to onboard more utility. While it cannot be perfectly predicted when the crypto-asset would trade for $1 per token, the Terra Classic community remains committed to this goal.