Update on Deposit and Withdrawal Fees for LUNC and USTC on Terra Classic (LUNC) Network by Binance.
Based on feedback from the community, Binance will change the deposit and withdrawal fees for LUNC and USTC on the Terra Classic network.
Deposits of LUNC and USTC on Binance are subject to withdrawal fees charged by other exchanges or platforms (if applicable).
Due to the 1.2% burn tax deployed for LUNC and USTC transactions on the Terra Classic network, Binance will charge a 1.2% abatement fee for all deposits from Binance users before they arrive.
The amount users will receive is the withdrawal amount minus the withdrawal fee charged by Binance and the 1.2% burn tax.
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Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
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Comment by Hans
April 24, 2024
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