Giant cryptocurrency exchange Binanceannounced that it will support the Terra Classic (LUNC) network upgrade that will take place on December 17, 2024. Therefore, during the stock market upgrade Terra Classic will temporarily suspend token deposits and withdrawals on its network. The network upgrade will begin when block height 21,163,600 is reached and is expected to be completed on the same day at 15.57 CET.
Deposits and Withdrawals Will Be Suspended
Binance will temporarily suspend token deposits and withdrawals on the Terra Classic network starting at 14:57 UTC on December 17, 2024, approximately one hour before the upgrade begins. However, in this process tokenThere will be no interruption in the buying and selling transactions of .
Deposits and withdrawals will be reopened upon completion of the upgrade and if network stability is restored. Binance underlined its users that no additional announcements will be made on this matter.
Users do not need to take any additional action
Binance will manage and cover all technical details required during the upgrade process on behalf of users. Therefore, users will not need to take any additional action.
This upgrade to the Terra Classic network blockchain It is carried out with the aim of increasing the performance of the network and providing a more stable infrastructure. Binance will closely monitor every stage of the process to ensure that users have a safe and trouble-free service experience.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
