According to the 5234 proposal passed by the LUNC community, Terra Classic will adjust the transaction burn tax on the chain during epoch 98 (expected at 20:50 UTC+8 on October 19), from 1.2% to 0.2%. The details are as follows:

The combustion mechanism is applicable to the tokens: LUNC and USTC

1. Deposit:

The user’s deposit will be charged a 0.2% tax by the Terra Classic (LUNC) network before reaching CoinEx. At the same time, in order to cover the normalized cost of user recharge, CoinEx will charge an additional 0.2% handling fee when the recharge arrives, and the actual amount received is about 99.6% of the recharge amount.

2. Withdrawal:

The withdrawal amount received by the user will be deducted from the withdrawal fee charged by CoinEx0.2%Terra Classic ( LUNC ) network after the transaction is on-chain.

Go to CoinEx’s Official Website