Update on Deposit and Withdrawal Fees for Terra Classic (LUNC)
Robinhood
Related type: Others
2022-10-19 14:20
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 . 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.BitForex will resume the LUNC deposit, and withdrawal service once the adjustment is completed.. . BitForex Team. 2022/10/19. Find us on. Telegram: https://t.me/BitForexEnglish. Discord:http://discord.gg/mGNxBxzk8b. Twitter: https://twitter.com/bitforexcom. Facebook: https://www.facebook.com/bitforexcom/.