1.2% Tax Burn Proposal of Terra Classic (LUNC) Network

Huobi Global has noticed the 1.2% tax proposal recently released by the Terra Classic (LUNC) official community.

In order to ensure that users’ transfer services are not affected, Huobi Global will support the proposal plan.

According to the proposal description, if the proposal is supported by TFL, the proposal is expected to be implemented at block height 9,374,400, that is, from September 13; if the proposal is not supported by TFL, it is expected to be implemented at block height 9,475,200.

That is, the proposal will be activated through unofficial channels from September 20.

For details, please refer to the 1.2% tax proposal.

In order to avoid the subsequent increase in recharge fees, it is recommended that users recharge the assets LUNC, USTC, etc. on the Terra Classic chain into Huobi Global before September 12, 2022; Arrangement plan for the deposit and withdrawal of assets on the Terra Classic chain , Huobi Global will make a separate announcement.

Please note: Spot and other related commodity transactions of assets LUNC, USTC, ANC and CTXC2X on the Terra Classic chain will not be affected.

For more details, please refer to subsequent announcements.

Go to Huobi Official Website