The LUNC community has passed Proposal 5234, which will reduce the tax burn for on-chain transactions of LUNC and USTC on Terra Classic network from 1.2% to 0.2%. The change will take effect at epoch 98, or approximately at 2022-10-19 12:50 . As such, OKX will make the following updates to the deposit and withdrawal fees for LUNC and USTC on Terra Classic network once the new tax burn mechanism is live. Deposits: When you deposit LUNC and USTC to OKX, you will receive the deposit amount minus the 0.2% tax charged by the Terra Classic network..Withdrawals: When you withdraw LUNC and USTC, you will receive the withdrawal amount minus OKX processing fees and the 0.2% tax charged by the Terra Classic network. The withdrawal amount you will receive is subject to changes in processing fees..LUNC and USTC deposits and withdrawals will be temporarily closed and are expected to resume at at 11:00 am UTC on Oct 20, 2022.. Spot, margin, futures, and perpetual trading for LUNC and USTC, as well as the relevant Grow services will not be affected by this tax burn. Please feel free to contact us in the official OKX Telegram group or via the Support Center if you have any questions. OKX October 19, 2022 . Download OKX App for iOS, Android, macOS, and Windows >>>. Click here for Twitter >>>. Click here for Telegram >>>. Click here for Discord >>>. Click here for Youtube >>>. More >>>. .