HomeCrypto NewsMarketNew Terra Classic Layer 1 Team Formed By Edward Kim and Zaradar Releases First Proposal

New Terra Classic Layer 1 Team Formed By Edward Kim and Zaradar Releases First Proposal

Date:

Written By:

Latest News

- Advertisement -

New Terra Classic Layer 1 Team in progress.


The Layer 1 team formed by Edward Kim and Zaradar has released its first proposal, outlining their tasks for the next three months and the required budget.

The new Terra Classic Layer 1 team, dubbed the “Joint L1 Task Force,” has released its first proposal, shared by Terra Classic core developer Edward Kim in a tweet today.

Recall that on Tuesday, The Crypto Basic reported speculation that Edward Kim and fellow core developer Tobias Andersen, AKA Zaradar, were working on a new Layer 1 development team. The proposal today shared by Edward Kim confirms this development.

- Advertisement -

In the short term, the team will be contracted to perform “essential maintenance upgrades,” as the proposal extensively outlined for the next three months. To this end, the team submits a budget of over $141.75k to cater to four senior developers (2 working part-time), one admin, and two junior developers, with an additional provision for necessary software tools these developers will employ. See the compressed breakdown below:

  • Zaradar (senior developer, full-time) – $12.5k × 3 = $37.5k 
  • 1 Notional Labs developer (senior developer, full-time) – $12.5k × 3 = $37.5k 
  • Fragwuerdig (senior developer, part-time) – $6.25k x 3 = $18.75k
  • Edward Kim (senior developer, part-time) – $6.25k x 3 = $18.75k 
  • Admin – $2.5k × 3 = $7.5k 
  • Junior Developers – $2.5k × 2 × 3 = $15k 
  • Tooling budget – $750 per senior developer, assuming the equivalent of 3 senior developers for three months = $6.75k 

Notably, the proposal requests monthly payments after relevant milestones have been reached upon the approval of a “community oversight committee” and the Terra Grants Foundation.

PFC (@PFC_Validator), StrathCole (@ColeStrathclyde), and DJ Trev Market Talk (@edTreb001) have all agreed to be part of the oversight committee per a tweet from Zaradar yesterday. Participating in a bi-weekly sprint, the committee will provide feedback to the community and offer guidance to the Layer 1 task force.

Several community members have already thrown their weight behind the proposal lauding it for its transparency and clarity.

- Advertisement -

Author

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

More from Author