The announcement follows mixed responses from LUNC community members requesting revisions for Binance’s LUNC burning approach.
To support the Terra community’s efforts to revive the Terra LUNA Classic token, crypto exchange Binance announced an off-chain burning mechanism last week.
However, after receiving mixedthat the exchange will create an optional 1.2% tax when trading LUNC. Zhao added that they will roll out the 1.2% tax for all LUNC trading if traders who opt-in to pay the tax reach 50% of the total LUNC trading volume on the exchange, leaving the decision to users.
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