Binance applies LUNC tax burn to trades including past transactions

Binance announced that the exchange has started applying the 1.2% tax burn on Terra Luna Classic (LUNC) trades. The post Binance applies LUNC tax burn to trades including past transactions appeared first on CryptoSlate.

Timeline of Terra-luna

The terra classic experienced a very bullish market up until the middle of September before the bears intervened and seized over. The market has been quite bearish about the LUNC from the beginning of September until now. Terra Classic has dropped by 14.82% and 28.12%, respectively, over the previous 24 and 7 days.

The mission to keep the value of Terra Classic (LUNC) has been undertaken by the entire community, and Binance has managed to always be at the forefront of this. The proposed 1.2% transaction fee burn was fully supported by the community, which caused the value of the digital asset to surge.

The world's largest crypto exchange Binance on Monday said it will burn all trading fees on Terra Classic (LUNC) spot and margin trading pairs by sending them to the LUNC burn address. After realizing the Terra Community's dissatisfaction with the “opt-in button” proposal, the crypto exchange decided to burn trading fees on LUNC spot and The post Breaking: Binance To Burn Trading Fees On Terra Classic (LUNC) Trading appeared first on CoinGape.

Terra's fiasco continues to haunt the market as the strong selling pressure kept pushing the price of Terra Classic (LUNC) down. In fact, the Terra LUNA crypto-crash saw the coin drop by 99.9% in price.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] faced stiff resistance near the $19.6k mark and registered some losses over the previous trading day.

Binance CEO Changpeng Zhao is one of the most active social media corporate persons. He interacts with users on Twitter and other social platforms to ensure that the company delivers in the best possible manner.

Binance CEO Changpeng Zhao (CZ) was asked if Binance was ever going to apply the 1.2% tax on Terra Luna Classic (LUNC) off-chain trades. The post Binance to add opt-in button for 1.2% LUNC burn tax on all trades appeared first on CryptoSlate.

Terra Rebels, the developer group behind the 1.2% tax burn proposal, warns the Terra Classic community about the Baby Luna Classic rug pull. Terra Rebels member reXx said the community needs to be aware of these coins as these are not built on the Terra blockchain.

Since May's collapse, the Terra community has not been having a good run and is looking out for ways to make the network more reliable and trustworthy. Yesterday, the highly-anticipated 1.2% Terra Classic (LUNC) tax burn protocol was launched. This protocol was introduced on a block height of 9,475,200 on September 21. The 1.

The entire crypto community's excitement reached another level as the much awaited 1.2% Terra Classic [LUNC] tax burn protocol got implemented. The new protocol was successfully implemented at a block height of 9,475,200 on 21 September.