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Highlights
- Tax2Gas upgrade faces delay as the current code implementations have significant issues.
- StrathCole reveals current implementation would impact contracts, rewards and burns.
- The community expressed support to Genuine Labs for successfully implementing the big upgrade.
- LUNC and USTC trades under key support levels.
LUNC News: The current code implementation for Tax2Gas by Genuine Labs can cause significant issues for the community, a popular Terra Luna Classic developer warns in a review. The Tax2Gas is a major upcoming upgrade to boost the chain utility and token prices.
Terra Luna Classic Developer Tax2Gas Implementation Readiness
Genuine Labs, core developer of Terra Luna Classic, requested a review of the Tax2Gas code changes via Github. The current review by StrathCole, a popular Terra Luna Classic developer, underscores possible delays in the implementation of the most-anticipated blockchain upgrade.
StrathCole said the Tax2Gas development still needs a good amount of work and discussion. He suggests the team must deploy it to a testnet before the final pull request. The current implementation would cause several issues impacting contracts, reduced rewards and burns, as well as transactions by the community.
“In my opinion, they could have spared themselves a lot of rework if they would have reached out to the community and devs prior to developing this stealth,” said the developer. The community members were mostly unfazed by this significant LUNC news.
LUNC News: Response From the Community
StrathCole and other validators pointed out the need for direct communication as it is one of the major upgrade to Terra Luna Classic. Genuine Labs has completed work on implementing Tax2Gas module, changes related to wasm handler plugin, and upgrading the handler.
The community and validators have supported the developer group, showing trust in the successful implementation of the big upgrade despite delays.
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LUNC and USTC Price Performance
Terra Classic chain and tokens will get a prominent boost after the Tax2Gas implementation. The community believes LUNC may hit $1 after Tax2Gas due to listings on crypto exchanges and the return of dApps to the chain. In addition, other segments such as LUNC burn will also get a further boost.
LUNC price climbed 1% in 24 hours but still below the key level at 0.000090. The 24-hour low and high are $0.00007761 and $0.0000841, respectively. Moreover, trading volume decreased by 34% in the last 24 hours.
Meanwhile, USTC price is trading at $0.0193, rebounding more than 1% over the last 24 hours. The 24-hour trading volume saw a 40% drop.
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