LUNC investors respond to the recommendation of h.ch. ZHAO about a trading tax of 1.2% on Binance ## Cangpeng Zhao, CEO of Binance, recommended introducing a single trading tax of 1.2% for transactions with LUNC, which could be burned to reduce the total proposal of token and Improve its price indicators.
Changpeng Zhao, CEO of Binance, recommended introducing a single trading tax of 1.2% for transactions with LUNC, which can be burned to reduce the total proposal of token and improve its price indicators.
The notorious collapse of the Terra ecosystem, which destroyed the market prices for Terrausd (UST) and LUNA, continues to bother the alarmed investors, while the co -founder to Kvon, cryptocurrency exchanges and the community are trying to determine the best route for sustainable price restoration. More recently, the CZ CZ ZHAO, CEO of the Binance Crypto -Railway, recommended introducing a single trading tax of 1.2% to LUNC transactions, which could be burned to reduce the total proposal of token and improve its price indicators. Turning to the community, CZ said: "We will introduce the Opt-in button (on the Binance exchange) so that people can refuse to pay 1.2% of LUNC trading tax." Nevertheless, the exchange will begin to levy the tax from traders who decided to take part in the auction, after the consensus, 25% of LUNC investors to guarantee that the early followers "will not be the only ones who pay an additional 1.2%." The total trading tax of 1.2% will be introduced for all trading LUNC only after optional traders reached 50% of the total trading volume of LUNC on the exchange. I answered the question about LUNC on my Twitter Space AMA just. Another option is to implement a function that allows users to choose a trade fee of 1.2% for burning. And see how many voters will do it the first. Vote with your commission. - Cz Binance (@cz_binance) September 23, 2022 The recommendation was divided by the Luna community, since some supported the CZ decision to introduce an Opt-in button, while others regarded it as a market manipulation from a centralized structure. CZ supported the idea of burning LUNC, but believes in the community voting, allowing traders on the platform to finally approve the proposal, adding: "We listen to the opinion of our users and protect them." However, the entrepreneur realizes that if this change is not introduced on all exchanges and on the chain, LUNC traders will prefer to transfer assets to other exchanges, where there is no burning. Similar: the authorities of South Korea are asking Interpol to give a "red notice" for Kvon: Report On the other hand, the authorities of South Korea are trying to find and arrest Kwon for the collapse of Terra. On September 14, the Court of Seoul, South Korea, issued the order of Kwon and five more for violation of the country's law on capital markets.