Binance Reduces Terra Classic (LUNC) Tax Burn From 1.2% To 0.2%
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Binance Declares Support for Terra Proposal to reduce LUNC and USTC Tax Burn Parameters.
The exchange has continued to foster its support for the Terra Classic project.
Binance, the world’s largest exchange by trade volume, has announced that it will comply with the recent proposal 5234 passed by the Terra community to reduce the tax burn for LUNC and USTC on-chain transactions.
As reported by The Crypto Basic, the proposal to reduce the tax burn for all LUNC and USTC on-chain transactions from 1.2% to 0.2% was passed yesterday and will be implemented today at 12:50 UTC. Based on this, Binance will also implement the changes for all LUNC and USTC deposits and withdrawals on its platform.
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Charts appear to say >19.5k< bottom i could see that, but not with the macro situation though. I dont even think talkin bout the bottom is worth it atm. Macro is the worst in decades energy, inflation, rate hikes, supply shortages etc etc its the perfect storm. From 2008ish till around 2021 when the economy was boomin & the fed was printing money btc still crash about 85%. So i find it hard to accept a 75% crash for a bear market that lines up with a global recession, dont make sense to me. Institutions & whales need retail to sell so theres enough supply to meet their demand & they aint buyin yet!! The thing is retail aint got any money to ape in to btc atm & over the next 12 months or so i see less money in the system as the fed tightens & everything goes up in price. So where will the money come from in that kind of a setting?? I really dont think weve seen the bottom yet or the kind of pain coming next year after mid terms. I guess we will see, I will keep buy and just trade long term more than ever, I have made over 1.6` btc from trading with Scott Franklin in few weeks this is one of the best medium to backup your assets incase it goes bearish <You can reach Scott on ͲeIєɠɾαm➡➡ scottfranklinfx,
Most beginners believe that investing in crypto and stock is all about holding till it rises, with the recent crash in the market and recession. We should know that long term price predictions are very difficult to achieve. It's better to trade short term and make profit.