Terra Classic Transfers On Binance Will Be Taxed
Binance (BNB), a premier environment for cryptocurrencies, is nearing the installation of a fee on LUNC transactions. 1.2% burn tax is implemented by BNB in two stages.
Binance (BNB) implements 1.2% burn tax
The cryptocurrency exchange BNB announced its decision to introduce a 1.2% token burn rate on each transaction, according to Mr. Wu, who shared the news on Twitter.
https://twitter.com/WuBlockchain/status/1573518869721141248
Two phases will be taken to implement the significant update. The tax will only be applied to “opt-in” traders when the quantity of LUNC tokens deposited in “opt-in” (“approving”) accounts.
The tax will then be applied to all LUNC transfers for BNB users once the limit of the LUNC share maintained per opt-in account reaches 50%. As a result, BNB may soon surpass other crypto exchanges in size by implementing LUNC transfer taxation.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
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Terra Classic Transfers On Binance Will Be Taxed
Binance (BNB), a premier environment for cryptocurrencies, is nearing the installation of a fee on LUNC transactions. 1.2% burn tax is implemented by BNB in two stages.
Binance (BNB) implements 1.2% burn tax
The cryptocurrency exchange BNB announced its decision to introduce a 1.2% token burn rate on each transaction, according to Mr. Wu, who shared the news on Twitter.
https://twitter.com/WuBlockchain/status/1573518869721141248
Two phases will be taken to implement the significant update. The tax will only be applied to “opt-in” traders when the quantity of LUNC tokens deposited in “opt-in” (“approving”) accounts.
The tax will then be applied to all LUNC transfers for BNB users once the limit of the LUNC share maintained per opt-in account reaches 50%. As a result, BNB may soon surpass other crypto exchanges in size by implementing LUNC transfer taxation.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
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