Binance, a global leader in cryptocurrency trading, has announced that it will support the upcoming network upgrade for Terra Classic (LUNC), demonstrating its commitment to providing a seamless user experience.
Binance Announces Support for Terra Classic (LUNC) Network Upgrade
The planned network upgrade is scheduled to take place around 12:00 on 20-11-2023, at block height 15,493,370.
To facilitate a smooth transition, Binance will temporarily suspend LUNC token deposits and withdrawals starting 20-11-2023 11:00 AM.
More importantly, the upgrade will not impact LUNC token trading on the Binance platform, providing uninterrupted access to trading activities for users.
Binance, known for its solid technical infrastructure, will manage all technical aspects regarding the upgrade. This includes any necessary adjustments and optimizations to adapt to the changes brought about by the Terra Classic network upgrade.
Users can rest assured that deposits and withdrawals for LUNC tokens will be restored immediately once the upgraded network is thoroughly evaluated and confirmed to be stable.
Binance states that no additional announcements will be made unless there are critical updates that need to be communicated.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/bitcoin-exchange-binance-announces-that-it-will-support-the-network-upgrade-of-this-altcoin-it-continues-to-burn-its-tokens/