Binance Will Support the Terra Classic (LUNC) Network Upgrade

Fellow Binancians,
Binance will support the Terra Classic (LUNC) network upgrade, as per the community’s latest proposal.

• The Terra Classic (LUNC) network upgrade will take place at epoch 15,029, or approximately at 2023-01-14 04:50 (UTC). Deposits and withdrawals for LUNC, USTC and ANC via the Terra Classic (LUNC) network will be suspended approximately starting from 2023-01-14 03:50 (UTC).

Please note:

• The network upgrade will take approximately three hours.
• The trading of LUNC, USTC and ANC will not be affected during the network upgrade.
• The Terra Classic (LUNC) network upgrade will take place at the epoch 15,029. The estimated time is for users’ reference only.
• Binance will handle all technical requirements involved for all users holding LUNC, USTC and ANC in their Binance accounts.
• Binance will review and adjust the withdrawal fees for LUNC, USTC and ANC via the Terra Classic (LUNC) network in accordance with market conditions, where applicable.
• We will reopen deposits and withdrawals for the Terra Classic (LUNC) network once we deem the upgraded network to be stable, and we will not notify users in a further announcement.
• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

For more information on the network upgrade, please refer to the following:

• Proposal to Deprecate Seigniorage Reward Policy and Increase Gas Fees by 5x

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