Breaking: Binance Revises Terra Classic ($LUNC) Deposits, Withdrawals Fee

Crypto exchange Binance on Wednesday announced changing the Terra Classic (LUNC) burn tax from 1.2% to 0.2%. The Terra Classic community successfully passed Proposal 5234 to reduce the tax to 0.2% and set 10% for the community pool to finance Terra Classic ecosystem development and contributors. The consolidation fee for on-chain transactions such as withdrawals and deposits on Binance will be reduced to 0.2%.