MEXC Global Becomes The First Lead Exchange To Support LUNC Tax Proposal And It Burns Over 25.4M In The Last 48 Hrs
The supply of the LUNC has been greatly reduced over time as the various platform added support to the token. Recently, a blog post was released saying that the crypto exchange MEXC Global unveiled its plan to add support to the LUNC community burn tax proposal between 10:00 September 3 to 10:00 September 17 (UTC).
https://twitter.com/MEXC_Global/status/1566406957942026240
MEXC Global stated:“To support the burn tax proposal from the Terra Classic (LUNC) community, MEXC will launch a time-limited burning event for spot trading fees of LUNC/USDT and LUNC/USDC,”
Recall, that the LUNC tax proposal stated that a 1.2% tax be applied on all on-chain transactions and burns. MEXC Global said the spot trading fee for LUNC trading pairs will be adjusted to 1.2%. MEXC notes that it ...