The world’s largest crypto exchange Binance has temporarily suspended the burning of Terra Classic (LUNC) trading fees until March 2023. The move comes following the developments related to Proposal 10983 and Proposal 11111 to fund the commodity pool. Moreover, the crypto exchange will burn 50% of LUNC spot and margin trading fees instead of 100%.
Binance Implements Changes To Terra Classic (LUNC) Burn
Crypto exchange Binance, in an official announcement on December 28, said they are making changes to its LUNC burn mechanism to continue to support the Terra Classic community in decreasing the LUNC tokens supply. Thus, Binance will burn 50% of the LUNC spot and margin trading fees instead of 100% with effect from December 28.
Binance asserts the move comes following the recent …