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Users Can Send LUNC From Terra Station Updated Mobile App As Gas And Tax Calculation Errors Fixed

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Terra Station wallet is again functional for Terra Classic (LUNC) transactions.


LUNC investors will be happy to know that they can once again send LUNC with their mobile phones. The Terra Rebels team has fixed gas and tax calculation errors on the Terra Station app, as announced in a tweet today.

“TerraStation mobile app has been released with the fixes for the gas fees,” tweeted Terra Rebels. “This has been tested and works. You can now send LUNC again from your phone. Please make sure your TerraStation app is updated.”

It bears mentioning that there have been several complaints of failed transactions using the Terra Classic wallet following the tax parameter change implementation. Core Terra Classic developer Edward Kim explained on Monday that the error resulted from insufficient gas on the network. At the time, Kim disclosed that developers were exploring ways to reimburse those who lost gas fees through community distribution pools.

Meanwhile, LUNC investors should note that the latest fix is for the Terra Station alone, not the chain. reXx of the Terra Rebels highlighting this reports that users should expect a chain fix soon.

 

So far, the community has welcomed the news with excitement. Notably, users on all platforms are advised to update the app. The fix appears to be working perfectly on Android, but iOS users still experiencing issues have been advised to clear the app cache and restart the app.

reXx has urged community members to disregard all fear, uncertainty, and doubt (FUD) making the rounds on Twitter. According to the Terra Rebel, while the chain may not be optimal yet, it is improving rapidly compared to the state it was in following the ecosystem collapse in May.

 

It bears mentioning that the LUNC community appears to have been thrown a lifeline by Binance on its path to reduce the LUNC supply to 10 billion from 6.9 trillion. The leading exchange on Monday disclosed that it would burn all fees obtained from LUNC trading. According to a blog post yesterday, the crypto exchange has also fixed issues with implementing the 1.2% tax on withdrawals and deposits.

LUNC Burner data shows that about 50 million LUNC has been burnt today by the tax.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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