Bitrue will support the 1.2% tax burn proposal of the Terra Classic (LUNC) community.
The Terra Classic Network is expected to implement their 1.2% tax burn rate at Terra Classic block height 9,475,200. We will suspend deposits and withdrawals for $LUNC and $USTC on Sept 21 at 02:00 UTC. We will post an update once everything is back online.
Once the tax burn is live, deposits and withdrawals of $LUNC and $USTC via the Terra Classic (LUNC) network will be affected in the following manner:
Deposits: Transactions will be taxed by the Terra Classic (LUNC) network before it reaches Bitrue. The balance will be credited to your Bitrue account after the 1.2% tax deduction by the network.
Withdrawals: Users will receive the withdrawal amount minus withdrawal fees charged by Bitrue and the 1.2% tax deduction by the network.
- Details: Proposal for the 1.2% Tax Parameter Change
If you have any questions about this notice, please reach out to email@example.com and thank you for your cooperation.