The Terra Luna Classic community has approved the v3.0.1 upgrade proposal by increasing the prices of Genuine Labs, LUNC and USTC by 5%.
LUNC Value: The Terra Luna Classic community has unanimously approved the v3.0.1 software upgrade proposal as it received 99.9% votes from community members and verifiers.
Terra Luna Classic Layer 1 development team Genuine Labs proposed upgrade includes sdk 47 and other important series updates.
The Terra Luna Classic community approved the upgrade proposal.
Proposal 12110 “Genuine Labs Proposal for V3.0.1 Upgrade” has passed the pass threshold, with five days left until the governance vote.
The Terra Classic chain will stop at block height 18,303,000 and the protocol will require validators to replace the old binary with the new one. According to StakeBin’s countdown, the upgrade is estimated to take place on June 2, 2024 at 17:44 UTC.
The proposal has received unanimous support from the Terra Luna Classic community and endorsers. It received 99.9% “yes” votes, showing the importance of the upgrade for China to increase efficiency, robustness and security.
Of the validators participating in the voting, all 38, including Orion, Interstellar Lounge, Stakely, Luna Station 88, and StakeBin, have voted in favor of the proposal.
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As reported by itscryptobasic, this upgrade consists of several key elements including SDK v0.47, wasmd v0.45, ibc-go v7, and a p2p storm fix aimed at improving the operation and performance of networks. Increase.
LUNC and USTC price increases
The price of Terra Luna Classic Ecosystem Tokens rose amid a massive increase in trading volume and open interest. However, prices are still trading below key resistance levels.
Terra Classic price increased by 5% in 24 hours and 12% in one week, LUNC price is currently trading at $0.0001156. The 24-hour low and high are $0.0001103 and $0.0001162, respectively. Additionally, trading volume has increased by 45% in the last 24 hours, indicating increased interest among traders.
Open interest in 1000LUNC and LUNC futures increased by 9% in the past 24 hours, with a net increase of 3% in the previous hour. Derivatives traders are expecting prices to rise amid positive sentiment in the industry.
Meanwhile, USTC price is also trading at $0.02276. The 24-hour low and high are $0.02204 and $0.02277, respectively. The price has increased by 22% this month.