The Terra Classic ($LUNC ) network is scheduled for a major upgrade.
• Upgrade Time: Terra Classic (LUNC) plans to upgrade its mainnet at block height 21,163,600, expected to occur on December 17, 2024, at 20:57 UTC+8.
• Impact: To support this network upgrade, several exchanges, including Binance and Gate.io, will suspend the deposit and withdrawal services for LUNC tokens. Binance is expected to suspend related services at 19:57 (UTC+8) on December 17, 2024. Gate.io plans to close the Terra Classic network for deposits and withdrawals 1 hour in advance to support this upgrade and will restore these services as soon as the upgrade is completed.
• Trading Impact: Although deposit and withdrawal services will be suspended, token trading on the Terra Classic network will not be affected during the upgrade.
• Upgrade Purpose: This upgrade aims to improve the functionality and performance of the Terra Classic network, which may have a positive impact on the market performance of LUNC tokens.
Please note the above time points, LUNC holders and traders, and adjust your trading and funds management strategies as needed to mitigate potential impacts during the upgrade.
