Terra Luna Classic’s Layer 1 development team, Genuine Labs, has proposed a v3.0.1 upgrade. This upgrade includes sdk 47 and other major enhancements aimed at improving system efficiency and robustness. The upgrade is scheduled for June 2, 2024, at 16:00 UTC, with a chain halt at block height 18,303,000 to deploy the new binary.
The proposal, currently up for governance voting on the Station wallet, has received 100% favorable votes from the community so far. Four validators have participated, all voting in favor. LUNC’s price remains stable at $0.0001134, with trading volumes down by 30% in the last 24 hours, while USTC is trading at $0.02252, up 16% this month.
This upgrade marks a significant step in enhancing Terra Luna Classic’s infrastructure, potentially leading to a price rally and greater market confidence. The initiative underscores the community’s commitment to continuous improvement and long-term viability.
