- Effective September 7, 2022, all withdrawals and deposits will be permanently frozen.
- The Terra Classic network will continue to be available to customers.
Binance said in an update that it will stop accepting ETH (ERC20) and USTC (Shuttle) transactions for LUNC (Shuttle). It will also halt transactions on the Ethereum network (ERC20), the Polygon network, and BNB Smart Chain (BEP 20). Effective September 7, 2022, all withdrawals and deposits will be permanently frozen.
Binance: Deposits and withdrawals from LUNC (Shuttle) via Ethereum Network (ERC20), USTC (Shuttle) via BNB Smart Chain (BEP20), Ethereum Network (ERC20) and Polygon Network will be suspended indefinitely from 09-07-2022 at 00 : 00 (Coordinated Universal Time). https://t.co/2rhmaD9hi4
– Wu Blockchain September 2, 2022
Despite the fact that the price of LUNC rose by more than 100% in just seven days, its progress may have hampered the Binance incident. The fact that Binance is one of the few exchanges it has supported and listed far It is the main reason for the possible fall.
Decisive days precede Tira
Therefore, the price of LUNC may be affected in the next few days due to the lack of support in the exchange. The Terra Classic network will still be available for customers to store and access their LUNC and USTC tokens. Investors breathed a sigh of relief as construction began. And despite the decrease in prices, this indicator has increased compared to the past.
An application for 19504909 LUNA will be submitted to the Community Pool in order to carry out an airdrop on wallets that have not received the appropriate amount in Genesis. Eligible airdrop users have from September 4th to October 4th to submit their orders. If LUNA is not claimed by October 4th, the community pool will have it and any remaining gas credits.
In addition, LUNC burning technology, the 1.2% burn technology, has not yet been introduced. This may help LUNC to continue its recent upward trend in the coming days. The price of LUNC will increase over time because burning reduces the entire supply.
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Terra Classic (LUNC) saw a price hike of 80% in just one day
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