Binance, a global leader in cryptocurrency exchange, has announced its support for the upcoming network upgrade to strengthen the Terra Classic ($LUNC) network.
Binance Announces Support for Terra Classic ($LUNC) Network Upgrade
The Terra Classic ($LUNC) network upgrade is planned to be implemented at a Terra Classic block height of 14,514,000, which will occur approximately on 12-09-2023 17:15.
As part of the upgrade process, token deposits and withdrawals via the Terra Classic network will be temporarily suspended starting 12-09-2023 16:15.
However, trading of tokens accessible through the Terra Classic ($LUNC) network will not be affected during the network upgrade.
It is worth noting that the stated timing for the Terra Classic ($LUNC) network upgrade is provided for users' reference purposes and serves as an estimated time frame.
To facilitate a smooth transition and ensure a seamless experience for all users, Binance will oversee all technical requirements related to this upgrade.
After a thorough assessment of the stability of the upgraded network, Binance will duly reopen token deposits and withdrawals via the Terra Classic network.
Users will not receive a separate notification regarding this issue. This strategic move reaffirms Binance's commitment to providing a safe and efficient trading environment for its global user base.
*This is not investment advice.
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