Terra Luna Classic’s (LUNC) Evolution: Unanimous Approval of v2.4.2 Upgrade Proposal

Estimated read time 3 min read
  • The Terra Luna Classic community has unanimously passed the v2.4.2 upgrade proposal, signaling a significant step forward for the blockchain ecosystem.
  • Additionally, Singapore-based crypto futures trading platform WEEX has announced the listing of LUNC spot and futures pairs, contributing to increased market activity and interest in the LUNC token.

Terra Luna Classic, a prominent player in the blockchain space, has recently achieved a significant milestone with the unanimous passage of its v2.4.2 upgrade proposal. This development marks a pivotal moment for the community, as it paves the way for exciting new features and opportunities within the ecosystem.

Terra Classic v2.4.2 Upgrade Proposal Officially Passed

The v2.4.2 upgrade proposal, aimed primarily at introducing IBC-Hooks to facilitate the onboarding of decentralized applications (dApps) onto the Terra Luna Classic network, has received overwhelming support from both validators and community members. Notably, validators such as Allnodes, Orion, Interstellar Lounge, Stakely, and HappCattyCrypto have all voted in favor of the proposal, signaling a strong consensus within the Terra Luna Classic community.

Scheduled to occur at block height 17309000, the upgrade is set to take place on March 25th, 16:00 UTC, as reported by StakeBin data. With unanimous approval from LUNC holders and validators alike, the significance of this proposal cannot be overstated, highlighting the collective commitment to the continued growth and development of the Terra Luna Classic network.

Market Response and Future Outlook

In tandem with the successful upgrade proposal, Singapore-based crypto futures trading platform WEEX has announced the listing of LUNC spot and futures pairs. This development opens up new avenues for traders, allowing them to engage in LUNC/USDT futures and LUNC/USDT spot trading starting March 11th.

Unsurprisingly, this news has sparked renewed interest in the LUNC token, with its price experiencing a modest 1% increase over the past 24 hours and a 4% uptick over the course of the week. At present, the Terra Luna Classic price is trading at $0.000190, with a 24-hour low and high of $0.000178 and $0.000198, respectively. Despite a slight decline in trading volume over the past 24 hours, market sentiment remains buoyant as investors anticipate the implementation of the v2.4.2 upgrade and its potential impact on the ecosystem.

Additionally, the USTC token has also seen a 1% increase in price over the last 24 hours, trading at $0.0350. With trading volume on the rise, the broader Terra Luna Classic ecosystem appears poised for further growth and expansion in the days and weeks ahead.

The unanimous passage of the v2.4.2 upgrade proposal represents a significant milestone for the Terra Luna Classic community, signaling its ongoing commitment to innovation and progress. With new features on the horizon and increased trading opportunities, the future looks bright for Terra Luna Classic and its vibrant ecosystem.

vivian

Vivian Njoroge is a seasoned crypto and blockchain news writer with a passion for decoding the complexities of the digital financial world. Armed with a keen eye for emerging trends and a knack for simplifying intricate concepts, Vivian brings a unique blend of expertise and enthusiasm to her writing. Her articles, characterized by clarity and depth, aim to keep readers abreast of the ever-evolving landscape of cryptocurrencies and blockchain technology.

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