Binance, a big player in cryptocurrency trading around the world, shared that it’s going to help with the upcoming upgrade for Terra Classic (LUNC). This shows their dedication to making sure users have a smooth experience.
Binance just said they’re going to help with the upgrade of Terra Classic (LUNC) network. This upgrade is set to happen around 12:00 on November 20, 2023, specifically at block height 15,493,370.
Binance Temporarily Suspends LUNC Transactions for Network Upgrade
To ensure a smooth transition, Binance plans to temporarily pause LUNC token deposits and withdrawals starting from 11:00 AM on November 20, 2023. However, users can continue trading LUNC tokens without interruption on the Binance platform during this period.
Leveraging its robust technical infrastructure, Binance will handle all technical aspects related to the upgrade, making necessary adjustments and optimizations to align with the changes introduced by the Terra Classic network upgrade.
Importantly, users can be confident that once the upgraded network is thoroughly assessed and confirmed to be stable, deposits and withdrawals for LUNC tokens will promptly resume.
Binance emphasizes that unless there are critical updates requiring communication, no additional announcements will be made, ensuring users are informed without unnecessary disruptions.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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