- Cryptocurrency exchange Binance announced to its users that it will support the network upgrade for Terra Classic (LUNC)
- Binance continues to burn its tokens
Binance, a global leader in cryptocurrency trading, has announced that it would support the upcoming Terra Classic (LUNC) network upgrade, confirming its dedication to offering a seamless user experience.
The planned network upgrade is slated for 12:00 on November 20, 2023, at block height 15,493,370.
Binance will temporarily suspend LUNC token deposits and withdrawals from 20-11-2023 11:00 AM to ensure a seamless transition.
More importantly, the upgrade will not impact LUNC token trading on the Binance platform, providing uninterrupted access to trading activities for users.
Binance, known for its solid technical infrastructure, will manage all technical aspects regarding the upgrade. This includes any necessary adjustments and optimizations to adapt to the changes brought about by the Terra Classic network upgrade.
Users can rest assured that deposits and withdrawals for LUNC tokens will be restored immediately once the upgraded network is thoroughly evaluated and confirmed to be stable.
Binance states that no additional announcements will be made unless there are critical updates that need to be communicated.
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