Dear BitForex Users,
The LUNC community has passed Proposal 5234, which will reduce the tax burn for on-chain transactions of LUNC on Terra Classic network from 1.2% to 0.2%. The change will take effect at epoch 98, approximately at 2022-10-19 20:50 (UTC).
BitForex will implement the following updates to the deposit and withdrawal fees for LUNC on Terra Classic network once the new tax burn mechanism is live.
- Deposits: BitForex will reduce the 1.2% consolidation fee for all LUNC deposits received by BitForex to 0.2%. Please note that LUNC and USTC deposits to BitForex are still subject to the withdrawal fees charged by other exchanges or platforms, where applicable.
- Withdrawals: Users will receive the withdrawal amount minus withdrawal fees charged by BitForex and the 0.2%tax burn.
- LUNC deposit and withdrawal services will be suspended on 19th October at 18:00(GMT+8)
- BitForex will resume the LUNC deposit, and withdrawal service once the adjustment is completed.
BitForex Team
2022/10/19
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