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LUNC On-Chain Trnx Vol Doubles After Burn Tax Approval

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The Terra LUNA classic (LUNC) community agreed over the 5234 proposals to reduce the tax burn for on-chain transactions for the LUNC and USTC. The tax is now decreased from 1.2% to 0.2%.

Many major crypto exchanges came together to implement this approved LUNC tax burn. A huge spike in the 24 hour trading volume of USTC was registered after this major decision taken by the Terra LUNC community.



USTC Trading Vol Surges

TerraClassicUSD (USTC) 24 hour trading volume on Thursday surged by a whopping 240%. It went on to touch the $117 million mark. The spike was registered after major crypto exchanges announced that they support the tax burn.


Major Crypto Exchange Agrees To Implement LUNC Burn

Following the lead of Binance, major exchanges like OKX, KuCoin and decided to implement the approved proposal 5234. The transfer tax will be reduced to 0.2% on the platforms.


The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


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