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- The unanimous support for Terra Luna Classic’s v3.1.3 upgrade highlights community cohesion and strategic direction.
- The upgrade aims to significantly enhance staking rewards and the overall value of LUNC.
- Notable validators, including Allnodes and HappyCattyCrypto, have endorsed this impactful proposal.
Discover how Terra Luna Classic’s latest upgrade could ignite a price surge in LUNC and USTC tokens.
Massive Support for Terra Luna Classic Upgrade v3.1.3
The Terra Luna Classic community recently passed the v3.1.3 upgrade proposal with near-unanimous agreement, indicating strong Validator and delegator confidence. The upgrade focuses on enhancing the burn tax distribution system and rerouting rewards from the community pool to the Oracle Pool (OP). According to voting details on the Station wallet, the proposal succeeded with 99.99% “Yes” votes from 35 validators.
Technical Enhancements and Expected Benefits
The v3.1.3 upgrade introduces several technical improvements aimed at fortifying the Terra Luna Classic blockchain. Notably, it will adjust the Oracle Split logic to ensure better allocation of rewards and install the wasmvm v1.5.2 to mitigate memory leaks. Developers have focused on optimizing key parameters to bolster the network’s long-term stability. Validators, including top supporters like Interstellar Lounge and JESUSisLORD, must update to the latest release post-chain halt scheduled at block height 19108180, expected on July 29 at 13:00 UTC.
Potential Impact on LUNC and USTC Prices
The Terra Luna Classic ecosystem stands to benefit significantly from the v3.1.3 upgrade. Historically, system upgrades of this nature have prompted increased investor interest and trading activity. As of the latest market data, LUNC and USTC are experiencing elevated trading volumes, signaling growing interest among traders. After a steep decline due to the BtcTurk hack, both tokens have begun to rebound, with LUNC rallying by 42% and USTC by 52% from their recent lows. Analysts believe the improved burn tax distribution and the anticipated Tax2Gas upgrade could further fuel these upward trends.
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Conclusion
The Terra Luna Classic v3.1.3 upgrade is a significant milestone for the ecosystem, providing enhanced technical frameworks and bolstered staking rewards. Strong community and validator support underscore its potential to impact LUNC and USTC positively. As the blockchain prepares for this pivotal upgrade, all eyes are on its potential to drive a sustained rally in token prices, offering a promising outlook for investors.
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