New Terra Classic (LUNC) Announcement from Binance!

world’s largest cryptocurrency stock market Binance, Terra Classic (LUNC) made a new announcement about the burning.

Binance said in a statement. LUNC stated that it has postponed its purchases and will not make a LUNC transaction fee burn until March 1, 2023.

Binance, which made a statement about the LUNC burns a few days ago and updated this statement today. “This announcement was last updated to reflect changes regarding the burning of Terra Classic (LUNC) transaction fees on 12/28/2022.” said.

Binance LUNC, which has made a significant contribution to reducing the supply of cryptocurrencies by voluntarily burning the transaction fees of the native token of the Terra Classic network LUNC, stated that changes will be made to the burning of LUNC trading fees to continue.

Binance made the following statements with the LUNC burning:

“Binance will burn 50% instead of 100% of LUNC spot and margin trading fees from December 2022.

And to ensure that LUNC transaction fees are excluded from reassessment, LUNC will delay transaction fee burns to 01/03/2023.

In other words, Binance will not add LUNC transaction fees to March 1, 2023.

Binance will continue to work with the community to support the implementation of this new scheme, and if for some reason this cannot be done, Binance will consider withdrawing the burn contribution in the future.”

If Binance had not delayed the burning date of the LUNC transaction fees, the next batch of LUNC burns would have been on January 1, according to the old schedule.

The reason for the change they made in Binanrc LUNC burning Terra Classic He stated that his goal is to prevent the reprinting of LUNC assets that were burned according to the last voted proposals of the community.

With an increase of 21.73% in the last week, LUNCcontinues to trade at $ 0.0001586 at the time of writing.

*Not investment advice.