{"id":3687,"date":"2024-03-10T07:31:24","date_gmt":"2024-03-10T07:31:24","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=3687"},"modified":"2024-03-10T07:31:27","modified_gmt":"2024-03-10T07:31:27","slug":"major-upgrade-for-lunc-approved","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/","title":{"rendered":"Major Upgrade for LUNC Approved"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Terra Luna Classic community has enthusiastically endorsed Genuine Labs&#8217; proposal for a significant upgrade, signaling a promising future for LUNC&#8217;s value as the burn rate escalates. This approval marks a pivotal step in enhancing the platform&#8217;s security, functionality, and ability to interact seamlessly with other systems.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Security and Functionality Boost<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Genuine Labs&#8217; proposal, known as Proposal 12088, aims to fortify the platform by implementing advanced upgrades to Wasmd, IBC Go, and Cosmos SDK. This initiative has garnered overwhelming support, with a staggering 99.95% of votes in favor, showcasing the community&#8217;s solid backing. The upgrade roadmap includes transitioning to Cosmos SDK versions 0.47 and later 0.50.1, promising to elevate security measures, interoperability, and developer engagement while optimizing overall performance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-unanimous-support-from-validators\">Unanimous Support from Validators<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The proposal received unanimous approval from all participating validators, highlighting notable names such as Allnodes, Orion, Interstellar Lounge, Stakely, and JesusIsLord. Genuine Labs has outlined an 8-week timeline for executing these enhancements, with a budget estimation of $30,000. This development is expected to significantly benefit the Terra Luna Classic ecosystem by offering improved security and operational capabilities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">LUNC&#8217;s Market Performance Amid Rising Burn Rate<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A remarkable increase in the LUNC token burn rate has been observed this month, averaging a daily burn of 200 million tokens. This heightened activity contributed to a notable uptick in the futures open interest on major derivatives exchanges, exceeding 2%. Over the past week, the price of LUNC has surged by over 12%, now trading at $0.000193, indicating a positive market response to the upgrade proposal and the enhanced burn rate. The community remains optimistic, foreseeing a potential rally should the price break above $0.0005.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, the price of USTC remains relatively stable, with minor fluctuations observed in its trading volume. The focus remains on LUNC&#8217;s promising trajectory as the community and investors anticipate the benefits of the approved upgrades, setting a positive outlook for Terra Luna Classic&#8217;s future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Terra Luna Classic community has enthusiastically endorsed Genuine Labs&#8217; proposal for a significant upgrade, signaling a promising future for LUNC&#8217;s value as the burn rate escalates. This approval marks a pivotal step in enhancing the platform&#8217;s security, functionality, and ability to interact seamlessly with other systems.&nbsp; Security and Functionality Boost Genuine Labs&#8217; proposal, known [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":3689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[259,43],"tags":[],"class_list":["post-3687","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins","category-general-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Major Upgrade for LUNC Approved<\/title>\n<meta name=\"description\" content=\"The Terra Luna Classic community has enthusiastically endorsed Genuine Labs&#039; proposal for a significant upgrade, signaling a promising future for LUNC&#039;s\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major Upgrade for LUNC Approved\" \/>\n<meta property=\"og:description\" content=\"The Terra Luna Classic community has enthusiastically endorsed Genuine Labs&#039; proposal for a significant upgrade, signaling a promising future for LUNC&#039;s\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-10T07:31:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-10T07:31:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/03\/IMG_1420.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ayushi Somani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ayushi Somani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/\"},\"author\":{\"name\":\"Ayushi Somani\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930\"},\"headline\":\"Major Upgrade for LUNC Approved\",\"datePublished\":\"2024-03-10T07:31:24+00:00\",\"dateModified\":\"2024-03-10T07:31:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/\"},\"wordCount\":319,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/03\/IMG_1420.jpeg\",\"articleSection\":[\"Altcoins\",\"General News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/\",\"name\":\"Major Upgrade for LUNC Approved\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/03\/IMG_1420.jpeg\",\"datePublished\":\"2024-03-10T07:31:24+00:00\",\"dateModified\":\"2024-03-10T07:31:27+00:00\",\"description\":\"The Terra Luna Classic community has enthusiastically endorsed Genuine Labs' proposal for a significant upgrade, signaling a promising future for LUNC's\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#primaryimage\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/03\/IMG_1420.jpeg\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/03\/IMG_1420.jpeg\",\"width\":800,\"height\":534,\"caption\":\"LUNC Burn rate skyrocket\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cryptometer.io\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Major Upgrade for LUNC Approved\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"name\":\"CryptoMeter.io\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"alternateName\":\"CryptoMeter.io\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\",\"name\":\"CryptoMeter.io\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"width\":512,\"height\":512,\"caption\":\"CryptoMeter.io\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CryptoMeterIO\"],\"publishingPrinciples\":\"https:\/\/www.cryptometer.io\/news\/about-us\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930\",\"name\":\"Ayushi Somani\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png\",\"caption\":\"Ayushi Somani\"},\"description\":\"Ayushi Somani is an academically gifted individual who has a passion for blockchain technology. She is well-versed in the technology, having been an early adopter of cryptocurrency and investing in Bitcoin and several other digital currencies.\",\"url\":\"https:\/\/www.cryptometer.io\/news\/author\/ayushi\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Major Upgrade for LUNC Approved","description":"The Terra Luna Classic community has enthusiastically endorsed Genuine Labs' proposal for a significant upgrade, signaling a promising future for LUNC's","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/","og_locale":"en_US","og_type":"article","og_title":"Major Upgrade for LUNC Approved","og_description":"The Terra Luna Classic community has enthusiastically endorsed Genuine Labs' proposal for a significant upgrade, signaling a promising future for LUNC's","og_url":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/","og_site_name":"CryptoMeter.io","article_published_time":"2024-03-10T07:31:24+00:00","article_modified_time":"2024-03-10T07:31:27+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/03\/IMG_1420.jpeg","type":"image\/jpeg"}],"author":"Ayushi Somani","twitter_card":"summary_large_image","twitter_creator":"@CryptoMeterIO","twitter_site":"@CryptoMeterIO","twitter_misc":{"Written by":"Ayushi Somani","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#article","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/"},"author":{"name":"Ayushi Somani","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930"},"headline":"Major Upgrade for LUNC Approved","datePublished":"2024-03-10T07:31:24+00:00","dateModified":"2024-03-10T07:31:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/"},"wordCount":319,"publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/03\/IMG_1420.jpeg","articleSection":["Altcoins","General News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/","url":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/","name":"Major Upgrade for LUNC Approved","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#primaryimage"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/03\/IMG_1420.jpeg","datePublished":"2024-03-10T07:31:24+00:00","dateModified":"2024-03-10T07:31:27+00:00","description":"The Terra Luna Classic community has enthusiastically endorsed Genuine Labs' proposal for a significant upgrade, signaling a promising future for LUNC's","breadcrumb":{"@id":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#primaryimage","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/03\/IMG_1420.jpeg","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/03\/IMG_1420.jpeg","width":800,"height":534,"caption":"LUNC Burn rate skyrocket"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cryptometer.io\/news\/major-upgrade-for-lunc-approved\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cryptometer.io\/news\/"},{"@type":"ListItem","position":2,"name":"Major Upgrade for LUNC Approved"}]},{"@type":"WebSite","@id":"https:\/\/www.cryptometer.io\/news\/#website","url":"https:\/\/www.cryptometer.io\/news\/","name":"CryptoMeter.io","description":"","publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"alternateName":"CryptoMeter.io","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cryptometer.io\/news\/#organization","name":"CryptoMeter.io","url":"https:\/\/www.cryptometer.io\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","width":512,"height":512,"caption":"CryptoMeter.io"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/CryptoMeterIO"],"publishingPrinciples":"https:\/\/www.cryptometer.io\/news\/about-us\/"},{"@type":"Person","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930","name":"Ayushi Somani","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png","caption":"Ayushi Somani"},"description":"Ayushi Somani is an academically gifted individual who has a passion for blockchain technology. She is well-versed in the technology, having been an early adopter of cryptocurrency and investing in Bitcoin and several other digital currencies.","url":"https:\/\/www.cryptometer.io\/news\/author\/ayushi\/"}]}},"jetpack_featured_media_url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/03\/IMG_1420.jpeg","_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/3687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=3687"}],"version-history":[{"count":2,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/3687\/revisions"}],"predecessor-version":[{"id":3699,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/3687\/revisions\/3699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/3689"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=3687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=3687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=3687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}