.binance $BNB finally approves of implementation of $LUNC 'burn tax' mechanism: Details w/ WuBlockchain Binance
The major upgrade will be implemented in two steps. First, when the amount of LUNC tokens stored in"opt-in" accounts, the tax will be applied to"opt-in" traders only.
Then, once the limit of the LUNC share stored by opt-in account reaches 50%, the tax will be implemented to all LUNC transfers for Binance users.As such, very soon Binance might become the largest crypto exchange to adopt LUNC transfer taxation. As covered by U.Today previously, the implementation of a 1.2% tax on LUNC and USTC trading and transfers catalyzed interest in the Terra-backed stablecoin and the native crypto asset.
Terra Classic and TerraClassicUSD are two assets issued on the canonic Terra blockchain after its collapse.
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