Recall that the price of LUNC lost momentum last week after the SEC sued Terra founder Do Kwon for multiple frauds. But investor interest in the crypto asset could record an increase as notable developments continue to roll into the project ecosystem.

Tobias Andersen, a member of the Terra Classic layer 1-focused development team known as the Joint L1 Task Force hinted on Monday that another major Terra Classic upgrade is around the corner.

Edward Kim, the brain behind the formation of the Joint L1 Task Force mentioned this upgrade in the signal proposals he submitted to the community for voting last week.

The lead Terra Classic developer proposed that three optional features including wallet exemption to on-chain tax, separate burn wallet exempt from Seigniorage and burn tax split to the community pool should be added on the LUNC blockchain when the upgrade to v.1.1.0 is completed.

Bringing these optional features to the Terra Classic blockchain would enable the community to meet Binance’s conditions to pick up LUNC burning, the associate professor pinpointed.

According to Kim, these three optional features would only be added to the Terra Classic blockchain alongside the next LUNC network upgrade to v.1.1.0, if there is a signaling consensus on the three signal proposals.

On the other hand, Kim said that if all three optional features fail to pass the signaling governance, there will still be a release of v1.1.0 put forth for voting that contains consensus-breaking required security updates.