Wed, September 18, 2024 at 14:15

• 

  Joy

  • Hey Annie!

  • Guess what?

  • Terra Luna Classic just completed their v3.1.5 upgrade today!🎉

  • 
• Annie

  • Oh, really?

  • That's interesting!

  • What does this upgrade include?🤔

  
• 

  Joy

  • So, this upgrade includes a critical security fix for wasmd, improved transaction efficiency, and preparations for the Tax2Gas implementation.🚀

• Annie

  • Wow, that sounds like a lot!

  • What exactly is wasmd?🤓

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Joy

  • Great question!

  • Wasmd is a module that allows smart contracts to run on the blockchain.

  • This upgrade bumps wasmd to version 0.46 and wasmvm to 1.5.4.📈

• Annie

  • Got it!

  • And what about Binance?

  • I heard they are involved too.😮

  
• 

  Joy

  • Yep, Binance announced their support for this upgrade.

  • They even suspended deposits and withdrawals of Terra Classic ecosystem tokens to ensure a smooth upgrade process.🛠️

• Annie

  • That's quite a commitment!

  • Does Binance usually support such upgrades?🤔

  
• 

  Joy

  • Yes, they do!

  • Binance has been actively supporting the Terra Luna Classic community.

  • They've burned 64.47 billion LUNC tokens in the last two years, which is 48.5% of the total tokens burned by the community.🔥

• Annie

  • Wow, that's a huge number!

  • But how did the market react to this news?📉

  
• 

  Joy

  • Surprisingly, despite the positive news, the LUNC price dropped by 1.74% in the last 24 hours.

  • 

  • The trading volume, however, increased by 25%, showing that traders are still interested.📊

• Annie

  • That's a bit disappointing.

  • How about USTC?

  • Did it also react similarly?😕

  
• 

  Joy

  • Yes, USTC also saw a decline.

  • It's down 1% in the last 24 hours and 8% over the past week.

  • The futures open interests for USTC also dropped by 3.35% in the past 24 hours.📉

• Annie

  • Hmm, that's not great news for investors.

  • Do you think this upgrade will have a long-term positive impact on the market?🤔

  
• 

  Joy

  • Well, while the immediate market reaction wasn't positive, the upgrade itself is a significant improvement for the Terra Luna Classic ecosystem.

  • It might take some time, but these enhancements could lead to better performance and security, which are always good in the long run.🌟

• Annie

  • I see.

  • So, would you say this news is more of a negative impact in the short term?😟

  
• 

  Joy

  • Yeah, in the short term, it seems like the market is reacting negatively.

  • But remember, upgrades like these are crucial for long-term stability and growth.

  • So, it's a mixed bag.📦

• Annie

  • Thanks for the detailed explanation, Joy!

  • This really helps me understand the bigger picture.😊

  
• 

  Joy

  • Anytime, Annie!

  • Always happy to break down the news for you.

  • Catch you later!👋

• Annie

  • Bye, Joy!

  • Thanks again!👋

  
• 

  Joy

  • To sum up, this article is considered a 😱Bearish for investors!!