Binance reduces Terra Classic (LUNC) tax burn from 1.2% to 0.2%

As reported by The Crypto Basic, the proposal to reduce the tax burn for all LUNC and USTC on-chain transactions from 1.2% to 0.2% was passed yesterday and will be implemented today.

Based on this, Binance will also implement the changes for all LUNC and USTC deposits and withdrawals on its platform, reducing the consolidation fee for all Terra classic tokens to 0.2% from its previous parameter of 1.2%.