The recent development, TerraCVita revealed the date for the LUNC Decentralized Exchange (DEX) lunch. The independent development group announced that the community should expect the DEX in the first quarter of next year.
It is worth noting that the announcement came after two months, a senior member of the TerraCVita group, Rex Harrison, confirmed intentions to develop a DEX.
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TerraCVita To Launch LUNC DEX In Q1 2023
The TerraCVita’s tweet read; “Update… it’s getting exciting @TerracVita. Dex+ is currently on target for early Q1 2023,”
The group further revealed that they are currently overwriting 100+ intelligent contracts to ensure they are compatible with the 0.16 and 1.0.0 releases of Cosmos’ intelligent contract platform Cosmwasm.
Notably, there has been a lot of excitement in the Terra Classic Community as the launch of the DEX is being revealed and since then, the members have been clamouring for it. For instance, the community members highlighted the need for a DEX in response to a question posed by Rex Harrison.
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Recently, Rex responded to the expectation mindset of the community saying that he would start working on the DEX once the Inter Blockchain Communication is re-opened.
Community members believe a DEX could be a powerful LUNC burner. TerraCVita’s recent announcement means proponents will have to wait for less than four months for its launch.