binance.com
Fellow Binancians,
Following feedback from our community, Binance will change the way we credit LUNC and USTC deposits and charge withdrawals for the Terra Classic Network.
Deposits:
- LUNC and USTC deposits to Binance are subject to the withdrawal fees charged by other exchanges or platforms, where applicable.
- Binance will apply a 1.2% consolidation fee for all deposits received by Binance before crediting to users’ accounts due to the 1.2% tax burn implemented on LUNC and USTC transactions on the Terra Classic network.
Withdrawals:
- Users will receive the withdrawal amount minus withdrawal fees charged by Binance and the 1.2% tax burn.
For More Information:
- Update on Tax Burn for LUNC and USTC on Terra Classic (LUNC) Network
- Notice on Tax Burn for LUNC and USTC on Terra Classic (LUNC) Network
- Proposal 3568
- Proposal 4159