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.

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.

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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