Binance, a leading cryptocurrency exchange, announced that it supports the Terra Classic (LUNC) network upgrade.
Binance Will Support Terra Classic (LUNC) Network Upgrade
The upgrade is planned to take place at the Terra Classic block height of 13,215,800, which is estimated to occur around 2023-06-14 17:00.
Token deposits and withdrawals through the Terra Classic network will be temporarily suspended from approximately 2023-06-14 16:00.
During the network upgrade, trading of tokens available on the Terra Classic (LUNC) network will not be affected. Investors will be able to continue their trading activities without any interruption.
The Terra Classic (LUNC) network upgrade is an important step in the development and improvement of the network.
The network aims to improve its performance, security, or introduce new features and functionality by upgrading the specified block height. The estimated time given is for users' reference and shows the approximate time frame for the upgrade process.
As a leading cryptocurrency exchange, Binance will take care of all the technical requirements for network upgrade on behalf of its users.
This way, users who own LUNC tokens on the Binance platform can seamlessly participate in the upgrade process without the need to take any additional steps.
Once the upgraded network is deemed stable, Binance will reopen token deposits and withdrawals through the Terra Classic network.
Binance's support for the Terra Classic (LUNC) network upgrade underlines the exchange's commitment to providing its users with a reliable and seamless trading experience.
Binance demonstrates its commitment to the development and growth of the cryptocurrency ecosystem by actively participating in network upgrades and handling technical aspects.
*Not investment advice.
