The Terra Classic (LUNC), the project that spun out of the collapsed Terra ecosystem, is set to undergo a number of important upgrades as governance proposals get approved by an overwhelming community vote. With the most recent one being on January 14, some of the major crypto exchanges have partaken in the upgrade. To support the developing activities on the chain, Terra Rebels, the offshoot development community have shown interest in re-building the infrastructure; to much of the community’s dismay.

The highly-anticipated update will take place at epoch 15,029, which is roughly equivalent to 04:50 UTC on Saturday. It is the result of the Terra Classic community voting to pass governance proposal 11242, which aims to abolish the re-minting of a portion of the burnt LUNC tokens. Upon implementation, this upgrade will effectively eliminate the crypto tokens from its circulating supply, which in theory, might have a beneficial impact on the price movement of LUNC. At the time of writing, the total amount of LUNC tokens that are currently in circulation is quite close to 6 trillion.