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Terra Classic L1 Team Returns Budget Surplus From Q1 Funding

The Terra Classic (LUNC) Layer-1 Joint Task Force (L1JTF) has completed its proposed work on the Terra Classic network for the first quarter of the year, under the estimated budget. Accordingly, the surplus assets from the Q1 funding has been returned.

The team returned 233,719,000 (233.7 million) LUNC tokens worth around $29.5K to the community pool on April 11, as disclosed by LUNC Burn Army (LBA), the team’s project manager. He shared proof of the transaction, and confirmed that the proposed work for the first quarter has been completed. 

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