The Terra Classic community has spoken, and the results are in: the v3.0.1 software upgrade proposal has received unanimous approval, with an astounding 99.9% support from both community members and validators. Spearheaded by Genuine Labs, the Terra Luna Classic Layer 1 development team, this proposal brings a host of significant updates to the chain, including sdk 47 and other key enhancements.
Traders wasted no time reacting to this game-changing news, resulting in a remarkable 5% surge in both LUNC and USTC prices within just a few hours. But the big question on everyone's mind is: will this upward momentum continue?
Proposal 12110, aptly titled "Genuine Labs’s proposal for v3.0.1 Upgrade," has not only met but exceeded the pass threshold, with five days still remaining in governance voting. Scheduled for June 2, 2024, at 17:44 UTC, as per the countdown provided by StakeBin, this upgrade marks a pivotal moment for the Terra Classic chain.
With unanimous backing from the Terra Luna Classic community and validators, including key players like Orion, Interstellar Lounge, Stakely, Luna Station 88, and StakeBin, it's clear that the significance of this upgrade cannot be overstated. The overwhelming 99.9% "Yes" votes underscore its importance in boosting the efficiency, robustness, and security of the chain.
So what exactly does this upgrade entail? Think SDK v0.47, wasmd v0.45, ibc-go v7, and a p2p storm fix—all geared towards enhancing the operation and performance of networks. And the market response? Nothing short of impressive. Terra Luna Classic ecosystem tokens have witnessed a surge in prices, alongside a notable increase in trading volumes and open interests.
Despite this, prices are still trading below key resistance levels. Within a 24-hour timeframe, Terra Classic's price has risen by 5%, and within a week, it has surged by 12%, with LUNC currently trading at $0.0001156. The 24-hour low and high stand at $0.0001103 and $0.0001162, respectively, with trading volume showing a 45% increase in the last 24 hours—clear signs of growing interest among traders.
Get ready for the next chapter in the Terra Classic journey—it's bound to be an exhilarating ride! 🌟 #Megadrop #EarnFreeCrypto2024 #BinanceLaunchpool #altcoins #MicroStrategy #TerraClassicUpgrade
