Binance to add opt-in button for 1.2% LUNC burn tax on all trades
Binance CEO Changpeng Zhao (CZ) was asked if Binance was ever going to apply the 1.2% tax on Terra Luna Classic (LUNC) off-chain trades. CZ answered the question during a Twitter AMA, stating that Binance would add an opt-in button for those wishing to apply the burn. Binance announced that it would only apply the 1.2% tax burn to on-chain transactions such as deposits and withdrawals on Sept. 9. CZ started his latest post that off-chain exchange trades were not included as it would deter users from trading LUNC on Binance. CZ mentioned the involvement of game theory and said the tax burn wouldn’t work unless all centralized exchanges in the world apply it.
Source
https://t.me/Terra_Luna_Tron
