Everything you need to know about LUNC burn & Binance's role in it

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.

Timeline of Terra-luna

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.

Terra Classic (LUNC) seems to have been on a steady price recovery path during the past few days. The price of Terra Classic (LUNC) plummeted significantly after Do Kwon, the founder of Terraform Labs, received an arrest warrant.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Terra Classic [LUNC] saw huge volatility on the charts in September.

Terra classic rose by as much as 20% in today's session, which comes following a recent bearish streak. Today's rally follows Thursday's drop to a key support point, with bulls using this as an ideal area to reenter. Xrp was also higher, as it moved closer to a long-term resistance level.

Terra Classic price has been trading below the crucial 50-day MA levels since its inception until the previous trading day which uplifted the price beyond the levels. Ever since then, the price has been hovering above the pivotal levels, flashing the possibilities of pulling another leg up.

Terra Classic [LUNC] is among the more interesting cryptocurrencies that has been in our watch list especially in the first half of September. It has undergone a retracement since then as expected but there are still opportunities around this cryptocurrency.

The LUNC/USDT witnessed a parabolic recovery from late August to early September, which surged it to a record high of the $0.0006 mark. However, such massive growth in a short period is unhealthy for assets.