Binance, a global leader in cryptocurrency exchange, has announced its support for the upcoming network upgrade to strengthen the Terra Classic (LUNC) network.
Binance Announces Support for Terra Classic (LUNC) Network Upgrade
The Terra Classic (LUNC) network upgrade is planned to be implemented at a Terra Classic block height of 14,514,000, which will occur approximately on 12-09-2023 17:15.
As part of the upgrade process, token deposits and withdrawals via the Terra Classic network will be temporarily suspended starting 12-09-2023 16:15.
However, trading of tokens accessible through the Terra Classic (LUNC) network will not be affected during the network upgrade.
It is worth noting that the stated timing for the Terra Classic (LUNC) network upgrade is provided for users' reference purposes and serves as an estimated time frame.
To facilitate a smooth transition and ensure a seamless experience for all users, Binance will oversee all technical requirements related to this upgrade.
After a thorough assessment of the stability of the upgraded network, Binance will duly reopen token deposits and withdrawals via the Terra Classic network.
Users will not receive a separate notification regarding this issue. This strategic move reaffirms Binance's commitment to providing a safe and efficient trading environment for its global user base.
*This is not investment advice.