KuCoin Will Support the 1.2% Tax Burn Proposal of the Terra Classic (LUNC) Community

Dear KuCoin Users,

KuCoin will support the 1.2% tax burn proposal of the Terra Classic (LUNC) community.

Please note:

1. KuCoin will support the 1.2% tax burn when the proposal is officially approved and implemented on Terra Classic (LUNC) mainnet.

2. Services on KuCoin will remain unchanged if the community does not approve the proposal.

3. To avoid the potential increase of the deposit fee cost, we strongly suggest users to deposit all the mainnet Terra Classic (LUNC) tokens into KuCoin before September 12, 2022.

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

For further information about the 1.2% Tax Burn Proposal, please refer to:

Proposal for the 1.2% Tax Parameter Change

Thank you for your support!

The KuCoin Team

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