Weekly Project Update: Binance issued LUNC tax burning mechanism, APE staking was delayed and Top Projects' weekly summary (0919-0925)
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Author: Mingyao Editor: Colin Wu 1. Binance issued an update on LUNC tax burning mechanism Link On September 23, CZ released Binance’s new mechanism for LUNC tax burning. In response to community calls, a multi-stage advance mechanism will be adopted for LUNC tax burning. Step 1. They will implement an opt-in button, for people to opt-in to pay a 1.2% tax for their LUNC trading. Step 2. When the opt-in accounts reach a holding of 25% of the total LUNC held on Binance, we start to charge 1.2% tax for all opt-in traders when they trade LUNC. Step 3. When the opt-in traders reach 50% of the total LUNC trading volume on Binance, they will roll out the 1.2% trading tax for all LUNC trading.
Weekly Project Update: Binance issued LUNC tax burning mechanism, APE staking was delayed and Top Projects' weekly summary (0919-0925)
Weekly Project Update: Binance issued LUNC…
Weekly Project Update: Binance issued LUNC tax burning mechanism, APE staking was delayed and Top Projects' weekly summary (0919-0925)
Author: Mingyao Editor: Colin Wu 1. Binance issued an update on LUNC tax burning mechanism Link On September 23, CZ released Binance’s new mechanism for LUNC tax burning. In response to community calls, a multi-stage advance mechanism will be adopted for LUNC tax burning. Step 1. They will implement an opt-in button, for people to opt-in to pay a 1.2% tax for their LUNC trading. Step 2. When the opt-in accounts reach a holding of 25% of the total LUNC held on Binance, we start to charge 1.2% tax for all opt-in traders when they trade LUNC. Step 3. When the opt-in traders reach 50% of the total LUNC trading volume on Binance, they will roll out the 1.2% trading tax for all LUNC trading.