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top crypto exchange, binancesaid it recently supported Shuttle Bridged LUNC deposits and withdrawals over the Terra Classic and Ethereum networks. Binance also says it supports Shuttle Bridged USTC via BNB Smart Chain (BEP20), Ethereum network (ERC20), Polygon network and Terra Classic network.
Binance: LUNC (Shuttle) and BNB Smart Chain (BEP20) over Ethereum Network (ERC20), USTC (Shuttle) over Ethereum Network (ERC20) and Polygon Network on September 7, 2022 at 00:00 will be suspended indefinitely from 00 (UTC). https://t.co/2rhmaD9hi4
Wu Blockchain (@WuBlockchain) September 2, 2022
The exchange has notified users of upcoming changes due to the impending shutdown of the shuttle bridge.
First, starting September 7, Shuttle Bridge LUNC and USTC deposits and withdrawals made using the Ethereum network (ERC20), BNB Smart Chain (BEP20), and Polygon network respectively will be suspended indefinitely.
Users can still use the Terra Classic network to deposit and withdraw LUNC and USTC tokens. Spot and margin trading on LUNC and USTC, as well as related services on Binance Earn (Binance Staking, Binance Savings, etc.) will not be affected.
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Shuttle is a Terra bridge that allows Terra assets to be sent between Terra and the Ethereum network. After the original Terra blockchain collapsed, it was abandoned and renamed as Terra Classic.
In late August, the Terra Classic network shared an important update about the Shuttle Bridge, stating that Terra Shuttle transfers from Terra Classic were disabled due to high transaction costs. He said this was the first move toward the complete elimination of the shuttle.
We then urged users to immediately return all shuttle bridge assets to Terra Classic to avoid loss of funds. However, this does not affect assets that pass through the wormhole.
U. Today reported in late May that some Terra users were receiving less LUNA than expected. Terra Phoenix Airdrop Proposal, now passed.
1/ #LUNAticswe have your vote and the Terra Phoenix Airdrop proposal has passed
19,504,909 with transit $ Luna Community pool requests to perform airdrops to wallets that haven’t received the correct amount in Genesis.
Terra Powered by LUNA (@terra_money) September 2, 2022
This will claim 19,504,909 LUNA from the community pool and airdrop to wallets not receiving the correct amount on Genesis. Eligible users can claim the airdrop for one month from September 4th to October 4th. Any LUNA not claimed by October 4th will be returned to the community pool, including any unused gas charges.
