- The Layer-1 Task Force recently received $124,000 in funding for the L1 upgrade.
- The community recently voted on a proposal to repeg the malfunctioning $USTC.
- Terra Luna Classic (LUNC) inked 1.2% following the support announcement.
The globally leading crypto exchange Binance announced the support for Terra Luna Classic’s network upgrade. This comes just a day after proposal #11511 was officially passed. Submitted by the volunteers of the Layer-2 Task Force, the proposal aims to bring Terra Luna Classic (LUNC) up to parity with the forked version of the network Terra 2.0 and all other Cosmos-based crypto projects.
According to the proposal, this means that Terra Luna Classic blockchain will support the same dApps as Luna 2.0. The crucial network upgrade will occur at the block height of 12,812,900 today. It’s worth noting that the leading crypto exchange Binance will halt $LUNC deposits and withdrawals…
