In the recent update, it was revealed that Terraport, a Terra Classic (LUNC) DeFi ecosystem built by TerraCVita, has released its launch roadmap following the end of the public token sale event, which spanned from Feb. 15 through March 15. The newly-released roadmap reveals that Terraport V1 will be launched on March 31.
Terraport Roadmap
The update was made known via the official handle of Terraport dubbed Terraport Finance, notifying the investors who had mistakenly provided erroneous receiving wallets when establishing vesting contracts to have a three-day window to amend their details.
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🚀🌐 Here's a preview of the #Terraport launch roadmap! We are working hard to make everything perfect. ⚙️🔧
📣 To all investors: while setting up the vesting contracts 📜🔐, we noticed some incorrect receiving wallets. 📩🔗
You have 72h to check and correct it. ⏰Thanks for… https://t.co/2xz2qJd7Ml pic.twitter.com/lu8Ik6YVI4
— Terraport Finance (@_Terraport_) March 16, 2023
Per the roadmap, the Terraport team will start the distribution of TERRA on March 28 alongside the ecosystem’s token, to the relevant parties. Following this, the Terraport version 1 will be launched on the 31st of March together with the trading for the TERRA token and the Terraport farming and staking contracts.
More also, the roadmap outlines some predetermined objectives for Q2 through Q4 of this year. Specifically, in Q2, the team intends to incorporate an entertainment segment into the platform, activate fresh pools and trading pairs, and facilitate Terra Classic (LUNC) staking. Then, in Q3, Terraport V2 will be introduced, including a launchpad feature.
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It is worth noting that the team has slated the release of Terraport V3, including the platform’s first cross-chain pool. Upon achieving these goals, the team intends to issue the 2024 roadmap in Q1 2024. The objectives for the roadmap will be determined by the requests made by the community based on governance votes.
Short History About Terra Classic And Terraport
Terra Classic is known for its stablecoin UST, which is pegged to the US dollar and has a low volatility rate compared to other cryptocurrencies. With the introduction of Terraport, the platform will enable users to move their funds between different blockchains, including Ethereum, Binance Smart Chain, and Polkadot.
The Terraport roadmap begins with the initial launch of a beta version in Q3 2023. This beta release will allow users to transfer funds between Terra and Ethereum blockchains. The company expects to add more blockchains in the future, but for now, it is focusing on these two blockchains as they are the most widely used.
Terra Classic’s Terraport roadmap outlines the development milestones that will lead to the full launch of its cross-chain transfer platform. The roadmap shows the company’s commitment to providing a seamless and efficient cross-chain transfer experience for its users. With the launch of Terraport, Terra Classic is poised to become a major player in the cross-chain DeFi space.