Update on Tax Burn for LUNC on Terra Classic (LUNC) Network

Dear Users,

The 1.2% tax burn for LUNC is expected to go live at the Terra Classic block height of 9,475,200, or approximately 2022-09-21 22:00 (UTC). LUNC deposits from users’ deposit addresses into MEXC will be consolidated and subject to the 1.2% tax burn fee by Terra Classic network once the burn tax is live.

MEXC will include the 1.2% tax burn fee into the deposit fees for LUNC. Besides, to cover the integration cost of the platform, MEXC will charge an additional 1.2% of each LUNC on-chain transfer. Therefore, the actual on-chain deposit amount to MEXC is 97.6% of the initial deposit amount.

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