Dear Users，
The LUNC community has passed Proposal 5234, which will reduce the tax burn for on-chain transactions of LUNC and USTC on Terra Classic network from 1.2% to 0.2%. The change will take effect at epoch 98, or approximately at 2022-10-19 12:50 (UTC).
Accordingly, MEXC will make the following updates to the deposit and withdrawal fees for LUNC and USTC on Terra Classic network once the new tax burn mechanism is live.
- Deposits: MEXC will reduce the 1.2% consolidation fee for all LUNC and USTC deposits received by MEXC to 0.2%. Please note that LUNC and USTC deposits to MEXC are still subject to the withdrawal fees charged by other exchanges or platforms, where applicable.
- Withdrawals: Users will receive the withdrawal amount minus withdrawal fees charged by MEXC and the 0.2% tax burn.
Learn More:
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The MEXC Team
19 October 2022
