$#LUNC✅ Here’s the latest update on Luna Classic (LUNC):
Upgrade v2.4.2 Proposal Passed:
The Terra Luna Classic community has unanimously approved the v2.4.2 upgrade proposal. This upgrade primarily introduces IBC-Hooks, enabling the onboarding of decentralized applications (dApps) on the Terra Luna Classic network, including the Enterprise DAO.
All validators, including Allnodes, Orion, Interstellar Lounge, Stakely, and HappCattyCrypto, voted in favor of the proposal.
The upgrade will halt the Terra Luna Classic chain at block height 17,309,000, expected around 16:00 UTC on March 25, 2024
Security Upgrade by Genuine Labs:
Terra Luna Classic has also approved Genuine Labs’ major security upgrade proposal. Key components will be updated to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.01.
LUNC Spot and Futures Listing:
Singapore-based crypto futures trading platform WEEX has announced the listing of LUNC spot and futures pairs. Users can now trade LUNC/USDT futures and LUNC/USDT spot
Tax Burn Mechanism:
A new Luna 1.2% tax burn is now live on the Luna Classic network. This tax will be implemented on all on-chain transactions of Luna Classic, making LUNC deflationary and potentially helping its price regain momentum
Recent Price Movement:
LUNC price has seen fluctuations:
Up 27% in the last 24 hours, trading above $0.00018 early in the day.
Up 83% in the past month