The post Terra Luna Classic v3.3.0 Upgrade Backed by Binance: LUNC Rally appeared on BitcoinEthereumNews.com.

The Terra Luna Classic (LUNC) v3.3.0 upgrade focuses on improving tax mechanisms, enhancing network efficiency, and attracting developers to build decentralized applications (dApps) on the platform. It aligns with community efforts to revive Terra Luna Classic by increasing utility, supporting USTC repeg initiatives, and accelerating LUNC token burns. Binance, the world’s leading crypto exchange, has recently announced it will support the Terra Luna Classic (LUNC) network upgrade scheduled for December 17, v3.3.0. As per StakeBin, the hard fork is going to occur at block height 21163600 at about 14:02 UTC. Insight Into Terra Luna Classic’s Major Upgrade With version 3.3.0, this is a monumental move for Terra Luna Classic and provides an outlook on improving utility from the chain to developers and projects involved, reported CNF. This iteration is essentially about tax mechanism enhancements and improvements in the total functioning of the platform. Binance made an official statement stating that the exchange fully supports the Terra Luna Classic v3.3.0 upgrade. It is going to temporarily suspend deposits and withdrawals on the network, but trading of LUNC tokens will not be affected during this process. “Binance will handle all technical requirements involved for all users,” the exchange assured in its announcement. The exchange will ensure a seamless transition for its users. Meanwhile, other crypto exchanges, like Bybit and OKX, have also announced support for the v3.3.0 upgrade. Moreover, it’s worth noting that Binance has also been actively contributing to the revival efforts of the network in Terra Luna Classic. For instance, Binance participates in monthly LUNC burn initiatives that intend to decrease the token supply. To date, the community has burned a total of 393.87 billion LUNC tokens, and Binance accounts for 68.39 billion of this through its contributions. The v3.3.0 upgrade includes a number of features aimed at making operations…

---

Filed under: News - @ December 18, 2024 3:16 am