Binance CEO Supports Terra Classic Raising LUNC Burn Tax To 0.5%
This means Binance CEO Changpeng “CZ” Zhao agrees to raise the burn tax as LUNC price continues to dwindle with low LUNC burn rates in recent months. advertisement Binance to Support Terra Classic Increasing Burn Tax to 0.5% According to an official announcement on May 23, Binance will support Terra Classic upgrade burn tax to 0.5%. The Terra Classic network upgrade will happen at block height 12902400 , expected today at 22:00 UTC. The current data suggest the upgrade will happen before the expected time. Binance will suspend LUNC and USTC deposits and withdrawals through the Terra Classic ( LUNC ) network at 21:30 UTC. The trading activity will not get impacted during the network upgrade and users can continue to trade LUNC and USTC. The crypto exchange will open deposits and withdrawals once the Terra Classic network stabilizes after the upgrade. Other crypto exchanges such as KuCoin have also supported Terra Classic to increase the burn tax ...