LUNC News: Major Tax2Gas Upgrade Completed by Terra Luna Classic Core Developer
Highlights:
- Terra Luna Classic core developer Genuine Labs announced the completion of the Tax2Gas upgrade.
- The upgrade addresses issues like manual burn tax calculations for contract developers.
- LUNC and USTC prices remain under selling pressure.
Genuine Labs, a core developer of the Terra Luna Classic blockchain, confirmed that work on the Tax2Gas upgrade is complete, though the release date is pending further testing on the rebel testnet. The upgrade aims to streamline tax calculations for developers, alleviating the need for manual adjustments.
The team resolved internal issues, including threats and miscommunication, before progressing with the upgrade. The new system will help simplify the migration of audited dApps by eliminating the need for re-audits caused by previous tax complexities.
Market Impact:
Despite the announcement, LUNC and USTC prices are still trading below support levels. LUNC fell 2% in the last 24 hours, trading around $0.00007537, while USTC dropped 3%, currently at $0.01537. Both tokens face mixed market activity and decreased trading volumes.
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