The DEX will provide users with at least 3 ways to earn.
TerraCVita, an independent Terra Classic development group, in a tweet today, shared the first looks at the imminent Terra Classic decentralized exchange embedded in the Terraport decentralized finance project.
The group calls the DEX “Midnight Runner.”
The shared image shows an interface with different shades of blue and a layout common to most decentralized crypto exchanges. Per the shared image, users can earn in at least 3 ways. These include:
- Liquidity Providing, where users can earn rewards by contributing to the DEX pool
- TERRA Staking, where users can earn rewards for staking the DEX token
- TERRA Farming, where users, particularly liquidity providers, can earn rewards for locking Liquidity Provider (LP) tokens.
Rexyz Midnight Runner looks a dreamer doesn't she ❤️
Meet the @_Terraport_ #LUNCcommunity DEX ??@TerracVita builds. Help us, help you and delegate to a real development team bringing real utility to #TERRA@terrac_money @terra_money ? pic.twitter.com/CYJRGBI499
— TerraCVita (@TerracVita) January 21, 2023
It is worth noting that TerraCVita has teased the launch of the long-anticipated DEX since last October after a poll revealed it to be the most desired decentralized app within the Terra Classic community. The group last month promised a Q1 2023 launch.
This will likely be after a 5-week presale of TERRA, the DEX token. The first sale is scheduled to start on January 25, 5 pm UTC, per the presale website shared by community influencer and validator Classy who also recently became part of the TerraCVita team. Per the details, 1 TERRA token will sell for $0.035, with 143.2 million of the total 1 billion supply reserved for the sale.
For those interested in the next $LUNC sale for $TERRA (@_Terraport_) the sale starts January 25th @ 6 PM EST.
Our whitepaper is ALSO now live on the website!
You can follow this link now to register & get notified when the sale starts.⏬https://t.co/CGBsBR4tD2
— Classy ? (@ClassyCrypto_) January 19, 2023
As highlighted in a recent report, the entire Terraport ecosystem, including the DEX, will contribute to Terra Luna Classic (LUNC) burns. As explained in the project’s white paper, the treasury will use 27% of all fees generated to purchase LUNC, which it will send to the dead wallet weekly. Developers promote the project as having the potential to burn billions of the over 6 trillion token supply weekly via this method.
Recall that the group has already raised over $2 million for the project in two private sales.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
