Binance Will Support the Terra Classic (LUNC) Network Upgrade

Binance

Luna Classic $0.00004079 2.26%

Fellow Binancians,

Binance will support the Terra Classic (LUNC) network upgrade, as per the community’s latest proposal.

The Terra Classic (LUNC) network upgrade will take place at epoch 15,029, or approximately at 2023-01-14 04:50 (UTC). Deposits and withdrawals for LUNC, USTC and ANC via the Terra Classic (LUNC) network will be suspended approximately starting from 2023-01-14 03:50 (UTC).

Please note:

The network upgrade will take approximately three hours.
The trading of LUNC, USTC and ANC will not be affected during the network upgrade.
The Terra Classic (LUNC) network upgrade will take place at the epoch 15,029. The estimated time is for users’ reference only.
Binance will handle all technical requirements involved for all users holding LUNC, USTC and ANC in their Binance accounts.
Binance will review and adjust the withdrawal fees for LUNC, USTC and ANC via the Terra Classic (LUNC) network in accordance with market conditions, where applicable.
We will reopen deposits and withdrawals for the Terra Classic (LUNC) network once we deem the upgraded network to be stable, and we will not notify users in a further announcement.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

For more information on the network upgrade, please refer to the following:

Proposal to Deprecate Seigniorage Reward Policy and Increase Gas Fees by 5x

Thanks for your support!

Binance Team

2023-01-13

Trade on-the-go with Binance’s crypto trading app (iOS/Android)

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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

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