As a seasoned crypto investor with a knack for spotting potential gems, I’ve been closely monitoring the Terra Luna Classic (LUNC) and its sister token USTC. The recent community vote on the v3.1.6 upgrade has me intrigued, especially given the unanimous support it’s receiving. The proposed improvements in wasmvm security and gas simulation for taxable transactions, coupled with the anticipated Tax2Gas implementation, are promising signs of a robust and evolving ecosystem.
The Terra Luna Classic community votes on another security upgrade proposal. This upgrade includes a security patch to wasmvm and an improvement on the gas simulation of taxable transactions. LUNC price has jumped more than 6% over the last day and more than 15% in a month.
Terra Luna Classic Community Votes on v3.1.6 Upgrade
As a researcher, I’m sharing an update about a recent development in the Terra Luna Classic ecosystem. StrathCole, one of our developers, has proposed an upgrade to v3.1.6, labeled as proposal 12139, for governance voting on the Station wallet. This proposal is now open for community discussion and approval.
The update will incorporate a security fix in wasmvm (version 1.5.5), along with enhancements in gas simulation for taxable transactions, which were initially made available only to endpoint providers due to the absence of consensus-related changes (version 3.1.5-sim.2). Additionally, it introduces support for the eagerly anticipated Tax2Gas functionality.
At this moment, the most recent plan has gained universal agreement from the community. It’s been given a thumbs-up by every validator and delegator, with no negative votes recorded. Assuming it gets the green light from the community, the chain will pause at block height 20085000, anticipated for 1:30 PM UTC on October 4, according to StakeBin’s countdown.
More recently, Terraform Labs (TFL) and their CEO, Chris Amani, have confirmed that they’ve been ordered by the bankruptcy court to close down their operations following a settlement with the Securities and Exchange Commission (SEC). Furthermore, if negotiations with potential third parties don’t succeed, they also have contingency plans in place for shutting down their operations, as well as their products and services.
LUNC Price, USTC In Upside Momentum
The value of Terra Luna Classic’s tokens, LUNC and USTC, appears to be rising significantly as they aim to surpass their current resistance levels. This optimism is fueled by the upcoming Binance LUNC burn event and a statement from Changpeng “CZ” Zhao expected today.
In the last day, the value of LUNC surged by approximately 6%, and it has climbed a further 10% over the past week. At present, its price stands at $0.00009369. The highest and lowest points in the last 24 hours were $0.00008818 and $0.00009459 respectively. Moreover, trading volume experienced a significant boost of around 50% during this period.
In the recent period, the price of USTC surged over 5%, reaching $0.0193. Additionally, the trading volume has experienced a significant boost of approximately 55% within the last day. Furthermore, there’s been a 7% increase in USTC futures Open Interest during the preceding 4 hours.
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2024-09-27 19:45