The long-awaited Terra Classic project, Terraport, has finally launched. Terraport is a decentralized platform that is designed to provide fast and low-cost transactions, as well as a range of features and tools for managing cryptocurrency holdings.

Zaradar, a blockchain game development company, has shared a trailer for its upcoming game, Terra Classic. The game is a play-to-earn (P2E) game that allows players to earn cryptocurrency by completing in-game tasks and challenges.

Despite a slight reduction in social engagement, the Terra Classic community has continued its LUNC token burn initiative, with around 33 million tokens being burned by projects, validators, and anonymous individuals this week. Four entities, including Cremation Coin, Terra Casino, LUNC DAO, and Luna Station, were involved in 99.6% of the burned tokens. Cremation Coin accounted for the largest number of burned tokens, destroying about 18.3 million LUNC tokens. Terra Casino has also been burning hundreds of thousands of LUNC tokens on a daily basis since its launch in November 2022, burning 1.99 million tokens this week and 6.9 million tokens in the past seven days.

The total volume of Terra Classic tokens burned by the community has touched a record high as many contributors took millions of LUNC out of supply in the past weeks. While the overall LUNC burned recently crossed 50 billion, the community is still far from its target.

The Terra Classic (LUNC) community has finally crossed the 50 billion token burn threshold. Though this amount represents only a fraction of Terra Classic’s supply, it underscores the community’s efforts toward rejuvenating the asset.

Tobias Andersen, aka Zaradar, a full-time senior developer on the Terra Classic Joint Layer 1 Task Force, has taken a jab at a community member for allegedly not doing his research, asserting that most members of the core development team are doxed and not anonymous developers.

The collapsed crypto exchange has been steadily transferring out hefty volumes of LUNC from its hot wallet in the last week. At the time of writing, FTX’s balance sheet holds only 66.9 billion LUNC. 

Bankrupt exchange FTX has been sending out its Terra Classic holdings since late February, with the distribution campaign seeing a massive uptick this month. As a result, the embattled platform has transferred over 82.5 billion LUNC tokens in the past week.

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.

The Terra Classic community should be preparing to welcome auto-burn and auto-withdraw to the LUNC staking system as a proposal to introduce the features is set for approval via governance voting.