Huobi supports the 1.2% tax burn proposal, which recently passed a governance vote in the Terra community and came into effect.

Tax incineration is a LUNC burning method that reduces the LUNC supply by imposing a ‘tax’ fee of about 1.2% on transactions occurring on the LUNC network, and moving the collected funds to the LUNC burning address.

Huobi has completed support for tax burn today, and from this time on, a 1.3% tax burn fee will be applied by LUNC (Luna Classic) network.

Go to Huobi’s Official Website