On 20 September 2022, Crypto.com announced that we will be supporting the Tax Burn for LUNC on Terra Classic (LUNC) Network which will introduce a 1.2% tax burn for all on-chain transactions of LUNC on Terra Classic network. The LUNC community has just passed Proposal 5234, which will reduce the tax burn for on-chain transactions of LUNC on Terra Classic network from 1.2% to 0.2%. The change took effect at epoch 98, or yesterday at 19 October 2022, 12:50 UTC.

As a result, Crypto.com will make the following changes to the deposit and withdrawal fees for LUNC on Terra Classic network once the new tax burn mechanism is live:

Kindly refer to status.crypto.com for all the latest updates.

We thank our users for their support and understanding.

20 Oct 2022|NOTICIAS DE PRODUCTOS

Updates on Tax Burn for LUNC on Terra Classic (LUNC) Network

Tax burn for on-chain transactions of LUNC on Terra Classic network reduced from 1.2% to 0.2%

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