Terra Luna Classic developers, including StrathCole and Genuine Labs, have finalized the tax distribution upgrade, set for a chain halt at block height 19108180 on July 29. This upgrade shifts rewards from short-term to long-term by diverting block rewards to the Oracle Pool, aiming to slow its depletion rate.
This marks a significant milestone with the introduction of Release v3.1.3, addressing key issues such as security and memory leaks. The community’s anticipation is high, with validator and community approval pending for the client update.
In a positive market context, LUNC prices surged over 27% this week, reflecting broader market recovery and the upcoming upgrade’s impact. The USTC price also increased by 28%, trading now at $0.02069.
These developments highlight Terra Luna Classic’s strategic importance in stabilizing and enhancing the ecosystem, positioning it for long-term growth and sustainability.
