LUNC News: Terra Classic Developer Asks Dapps To Reach Out Immediately
LUNC News: Terra Classic core developer team Joint L1 Task Force (L1TF) on Monday said the developer group will assist Dapps with critical requirements before the CosmWasm v2.1.0 parity upgrade.
Joint L1 Task Force project manager LuncBurnArmy has asked Dapp owners or Dapps having any sealed smart contract to reach out to developer Fragwuerdig for any assistance regarding the CosmWasm parity upgrade.
#LuncArmy: If you are a dApp owner and have any 'sealed' smart contracts within your application, please reach out to @frag_dude to talk about the v2.1.0 upgrade. Also, please read the following article where we explain the upgrade / migration process!https://t.co/7B9zx4ICot
— 🔥LuncBurnArmy🔥 (@luncburnarmy) May 29, 2023
Dapps and smart contract providers need to upgrade their projects’ codebase to CosmWasm v2.1.0, upload it, and migrate code and data. However, it wouldn’t happen if smart contracts are sealed. Failing to do so will cause native token balances and contract addresses to be lost after migration.
Also Read: Rug Pull Alert: Degen Ben.eth To Launch 3rd Scam Meme Coin After BEN and PSYOP
LUNC News: Terra Classic CosmWasm Parity Testnet Upgrade
The CosmWasm v2.1.0 parity upgrade will happen on June 14 and Dapps should reach the team before the upgrade. Fragwuerdig will help explain the update and migration process.
The Rebel-2 testnet ‘dress rehearsal’ upgrade for CosmWasm Parity upgrade is scheduled on May 31 at 11 AM EST. The team is also planning to include a 5% minimum validator commission fee in the v2.1.0 upgrade.
Projects such as DFLunc are identified as having sealed smart contracts on Terra Classic. The DeFi protocol currently burns millions of LUNC tokens to obtain Edward Kim AI app chain Block Entropy TestNet tokens.
Terra Classic (LUNC) price currently trades at $0.000087, up 1% in the last 24 hours. The 24-hour low and high are $0.000086 and $0.000088, respectively.
Also Read: Terra Classic L1TF On CosmWasm Parity Testnet Upgrade, LUNC Validators Commission
- Ethereum’s Vitalik Buterin Responds to Allegations of Excessive Control By ETH Inner Circle
- Solana News: Gemini Launches SOL Edition Credit Card Following XRP Card Success
- Bitget US Stock Futures Trading Volume Surpasses $200 Million
- Binance Founder CZ Predicts Bitcoin Will Flip Gold’s $30 Trillion Market
- Trump Tariffs: U.S. President Threatens 155% Tariff on China, Bitcoin Falls
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
- Bitcoin Price Prediction as Gaussian Channel Turns Green Amid U.S.–China Trade Progress and Fed Rate Cut Hopes
- Solana Price Prediction: Analyst Notes Bearish Breakdown Amid Derivatives Slowdown
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
- Ethereum (ETH) Price Prediction: Analyst Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
