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Terra Luna Classic (LUNC) developers are close to finishing the highly anticipated Tax2Gas upgrade, aimed at improving network performance and potentially boosting LUNC prices.

The exact release date remains unclear as testing continues on the rebel testnet.

What is the Tax2Gas Upgrade? Developed by Genuine Labs, the upgrade will automate the burn tax calculation for contract developers, simplifying dApp deployment on Terra Luna Classic. Despite internal delays, most of the work is now complete.

Tax2gas is finished and we will focus all our efforts to finish what we started and provide the Luna Classic blockchain with a finish product deployable on chain so further testing will be done on rebel net until satisfaction is met.

— Genuine Labs (@Genuine__Labs) September 6, 2024

Will LUNC and USTC Prices Recover? LUNC’s price is down 2% in the last 24 hours, trading at $0.00007537, with USTC also falling by 3%. While both tokens are struggling, the Tax2Gas upgrade could lead to a price rebound as it improves the ecosystem’s efficiency.

Conclusion With the Tax2Gas upgrade nearing completion, Terra Luna Classic is set for a network boost that could positively impact LUNC and USTC prices.