Binance Updates Deposit and Withdrawal Fees for $LUNC and $USTC on Terra Classic

Binance updates deposit and withdrawal fees for $LUNC and $USTC on Terra Classic. The announcement states that the LUNC community has passed Proposal 5234, which will reduce the tax burn for on-chain transactions of $LUNC and $USTC on Terra Classic from 1.2% to 0.2%.

The change will take effect at epoch 98, or about at 2022-10-19 12:50 (UTC). As such, Binance will make the following updates to the deposit and withdrawal fees for LUNC and USTC on Terra Classic network once the new tax burn mechanism is live.