Terra Luna Classic (LUNC) v3.3.0 upgrade focuses on improving the tax mechanism, increasing 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 the USTC re-peg initiative, and accelerating LUNC token burns.
Binance, the world’s leading cryptocurrency exchange, recently announced that it will support the Terra Luna Classic (LUNC) network upgrade, v3.3.0, scheduled for December 17. According to StakeBin, the hard fork will occur at block height 21163600 at around 14:02 UTC.
Take a closer look at the Terra Luna Classic's major upgrades
CNF reported that the launch of version 3.3.0 is a milestone for Terra Luna Classic, providing prospects for increased utility from the blockchain to developers and related projects. This iteration is mainly aimed at enhancing the tax mechanism and improving the overall functionality of the platform.
Binance’s official statement said that the exchange fully supports the Terra Luna Classic v3.3.0 upgrade. It will temporarily suspend deposits and withdrawals on the network, but will not affect the trading of LUNC tokens during this process.
“Binance will handle all relevant technical requirements for all users,” the exchange assured in the announcement. The exchange will ensure a seamless transition for users. Meanwhile, other cryptocurrency exchanges, such as Bybit and OKX, have also announced support for the v3.3.0 upgrade.
In addition, it is worth noting that Binance is also actively contributing to the revival of the Terra Luna Classic network. For example, Binance participates in the monthly LUNC destruction program, which aims to reduce the token supply. To date, the community has destroyed a total of 393.87 billion LUNC tokens, of which Binance accounted for 68.39 billion through its contribution.
The v3.3.0 upgrade includes several features designed to make operations smoother and network performance better. The upgrade will simplify the process of handling taxes, and the system will automatically deduct taxes from transactions before sending them to the recipient's wallet.
The update is likely to improve network efficiency and attract more developers willing to develop decentralized applications (dApps) on the platform. The community's efforts to revitalize Terra Luna Classic involve key areas such as improving utility, supporting USTC duplication, and accelerating the LUNC destruction schedule.
LUNC and USTC price fluctuations
The price of Terra Luna Classic has fluctuated slightly over the past few days. Recently, the LUNC price has dropped by more than 2%. However, the LUNC token has seen a significant rebound, managing to gain 1.71% to reach $0.0001309 today, with a 24-hour range of $0.0001286 to $0.0001345.
According to the CNF report, LUNC's trading volume also surged by 12.09% to $64.2 million, indicating growing interest among traders amid the ongoing escalation. Therefore, market analysts remain very bullish on the long-term prospects of LUNC prices. They are bullish on continued staking and potential price increases in the future.
Meanwhile, USTC’s price has also increased by 1.81%, trading at $0.02311 at the time of writing on Tuesday, December 17. Additionally, USTC’s trading volume has increased by 22.33% during this period to $16.4 million, indicating that people are staying active despite the price drop.
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Terra Luna Classic (LUNC) v3.3.0 upgrade focuses on improving the tax mechanism, increasing 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 the USTC re-peg initiative, and accelerating LUNC token burns.
Binance, the world’s leading cryptocurrency exchange, recently announced that it will support the Terra Luna Classic (LUNC) network upgrade, v3.3.0, scheduled for December 17. According to StakeBin, the hard fork will occur at block height 21163600 at around 14:02 UTC.
Take a closer look at the Terra Luna Classic's major upgrades
CNF reported that the launch of version 3.3.0 is a milestone for Terra Luna Classic, providing prospects for increased utility from the blockchain to developers and related projects. This iteration is mainly aimed at enhancing the tax mechanism and improving the overall functionality of the platform.
Binance’s official statement said that the exchange fully supports the Terra Luna Classic v3.3.0 upgrade. It will temporarily suspend deposits and withdrawals on the network, but will not affect the trading of LUNC tokens during this process.
“Binance will handle all relevant technical requirements for all users,” the exchange assured in the announcement. The exchange will ensure a seamless transition for users. Meanwhile, other cryptocurrency exchanges, such as Bybit and OKX, have also announced support for the v3.3.0 upgrade.
In addition, it is worth noting that Binance is also actively contributing to the revival of the Terra Luna Classic network. For example, Binance participates in the monthly LUNC destruction program, which aims to reduce the token supply. To date, the community has destroyed a total of 393.87 billion LUNC tokens, of which Binance accounted for 68.39 billion through its contribution.
The v3.3.0 upgrade includes several features designed to make operations smoother and network performance better. The upgrade will simplify the process of handling taxes, and the system will automatically deduct taxes from transactions before sending them to the recipient's wallet.
The update is likely to improve network efficiency and attract more developers willing to build decentralized applications (dApps) on the platform. Community efforts to revive Terra Luna Classic involve key areas such as improving utility, supporting USTC duplication, and accelerating the LUNC destruction schedule.
LUNC and USTC price fluctuations
The price of Terra Luna Classic has fluctuated slightly over the past few days. Recently, the LUNC price has dropped by more than 2%. However, the LUNC token has seen a significant rebound, managing to gain 1.71% to reach $0.0001309 today, with a 24-hour range of $0.0001286 to $0.0001345.
According to the CNF report, LUNC's trading volume also surged by 12.09% to $64.2 million, indicating growing interest among traders amid the ongoing escalation. Therefore, market analysts remain very bullish on the long-term prospects of LUNC prices. They are bullish on continued staking and potential price increases in the future.
Meanwhile, USTC’s price has also increased by 1.81%, trading at $0.02311 at the time of writing on Tuesday, December 17. Additionally, USTC’s trading volume has increased by 22.33% during this period to $16.4 million, indicating that people are staying active despite the price drop.
If you have been stumbling around in the cryptocurrency circle and can’t find your direction! Or you have been losing money! You can follow me!
