The world's largest cryptocurrency exchange Binance said on Monday that it will support the Terra Network (LUNA) upgrade. The Terra community has endorsed the series proposal for a Phoenix v2.4 software upgrade. With a majority vote to approve the promotion. The price of LUNA has risen almost 10% to $0.69 in the last 24 hours
Binance to support Terra (LUNA) Phoenix upgrade Cryptocurrency exchange Binance informed in an official announcement on July 17 that it will support the Terra (LUNA) Phoenix v2.4 software upgrade. The scheduled network upgrade is expected to take place at block height 5,994,365 on July 18 at 13:00 UTC
Binins will suspend LUNA deposits and withdrawals an hour before the upgrade. However. LUNA trading will continue to work normally during the network upgrade
Binance will handle all technical requirements related to all users who have LUNA in their Binance accounts. We will reopen deposits and withdrawals for LUNA as soon as the upgraded network is considered stable. We will not notify users in another ad
The Terra Community (LUNA) approved the proposal with 98.22% "Yes" and 1.78% "No". Terraform Labs upgraded Terra's Pisco test series and integrated several updates on June 30. The Phoenix v2.4 software upgrade will include these updates in the Phoenix-1 main network
