KuCoin Will Support to Increase the Tax Burn of Terra Classic (LUNC) Network from 0.2% to 0.5% 

Dear KuCoin Users,

It is noticed that the Terra Classic (LUNC) community has passed Proposal 11515, which will increase the tax burn of the Terra Classic (LUNC) network to 0.5%.

Therefore, KuCoin will support to increase the tax burn Terra Classic (LUNC) and Terra Classic USD (USTC) tokens when the 0.5% tax burn goes live at the Terra Classic block height of 12,902,399.

Related follow-ups to this subject will be announced separately as soon as possible.

For further information about the 0.5% Tax Burn, please refer to:

New Economic Policy for Terra Classic

11515 | Parameter change proposal

Thank you for your support!

The KuCoin Team

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