Terra Luna Classic Announces Exciting Update on Tax2Gas
The Terra Luna Classic core developer announced the completion of the Tax2Gas major upgrade, aimed at enhancing the network and increasing the value of LUNC. The upgrade is currently undergoing testing on the rebel testnet to ensure its effectiveness before implementation.
Genuine Labs, the core L1 developer of Terra Luna Classic, addressed previous delays in the upgrade, citing internal issues and confirming that any information not coming directly from Genuine Labs or LUNCLIVE should be disregarded.
Read Also: ADA Might Be Gearing Up for a Massive 1000% Surge Against Bitcoin Based on Historic Chart
The Tax2Gas upgrade is crucial as it will automate the calculation of burn tax for contract developers, eliminating the need for manual calculations and making the migration of audited dApps more efficient and less prone to errors.
Price Action
In terms of market performance, LUNC prices have experienced a 2% decline in the last 24 hours and a 9% decline over the past week, currently trading at $0.00007537 as per CoinGlass. Despite the opening of the Shuttle Bridge by Terraform Labs and plans to burn millions of tokens, trading volume has decreased by 20% in the last 24 hours.
The USTC price is trading at $0.01537, down 3% in the past 24 hours, with a 6% drop in trading volume. Total USTC futures open interest also saw a 3% decrease in the last 24 hours.
Read Also: A Mystery Burns: The Identity Behind the 3,740,000 LUNC Incineration
Follow us on Twitter, Facebook, Telegram, and Google News
Meet Daniel Abang: Crypto guru, content creator, and analyst. With a deep understanding of blockchain, he simplifies complex concepts, guiding audiences through the ever-changing crypto landscape. Trusted for his insightful analysis, Daniel is the go-to source for staying informed and empowered in the world of cryptocurrency.
