Crypto Marg | Krishnaims

Binance to Implement Terra Classic LUNC Burn Mechanism on Trading Fees | Crypto Marg | Rajeev Anand


START GETTING GUARANTEED SALES Get an EXTRA $155k Commission! Limited Time Offer



REFER $ EARN AFFILIATE PROGRAM
Join for FREE Earn unlimited commission for introducing people and businesses to our services: 1. EARN $100 – <a href=”https://youtu.be/3ybV92W9h-4/Watch now

Telegram Channel: https://t.me/rajeevanandcrypto
Twitter Handle: https://twitter.com/rajeevanandspur

Binance to Implement Terra Classic LUNC Burn Mechanism on Trading Fees | Crypto Marg | Rajeev Anand

#cryptonews #cryptomarg #rajeevanand #cryptonewstodayhindi #cryptonewstoday #cryptocurrencynewstoday #cryptocurrencynews #altcoins #altcoin #anandrajeev
#telegram_link_in_description #telegramchannellink #telegram

crypto news | crypto marg | cryptocurrency news | crypto news today hindi | altcoins | altcoin | rajeev anand |
Terra Classic (LUNC) Transfers on Binance (BNB) Will Be Taxed. When? | Crypto Marg | Rajeev Anand

Terra Luna classic price prediction | rajeev anand | crypto news | LUNC Burn 1.2% binance accepted | Breaking: Binance Implements “Opt-In Button” For 1.2% Tax Burn On Terra Classic (LUNC) | Crypto Marg
Terra Luna to $1 Prediction by Crypto investors | terra luna classic | rajeev anand | crypto news

Can the Terra Classic lunc cost $1? | terra luna classic | crypto marg | rajeev anand | crypto news

#luncburn #luncburnbinance #binance #binanceluncburn #binanceoptinbuttonforlunctrading #boycottbinance

Terra Co-Founder Do Kwon Faces Arrest Warrant in South Korea
terra news: https://www.bloomberg.com/news/articles/2022-09-14/south-korea-seeks-the-arrest-of-terraform-labs-founder-do-kwon?sref=4ZGeBqkb&utm_medium=social&cmpid%3D=socialflow-twitter-asia&utm_content=crypto&utm_campaign=socialflow-organic&utm_source=twitter

terra luna classic | rajeev anand | crypto news today | cryptocurrency news today | luna classic
#terraluna #lunaterra #terraclassic #terralunaclassic #terra #luna #lunaclassic #lunanews #terralunanews #terralunanewstoday #terraclassicusdterraluncburning #terraclassicnews bitcoin #terraclassicnewstoday #lunc #terralunc #ust #ustc #terraust #terraustc #terralunacrypto #terralunatoken #terralunacoin #lunacoinupdatetoday #lunacoinnews #lunacoinnewstoday #lunacoin

What Binance CEO Said (CZ_Binance ) #cz #czbinance

Taxes on Centralized Exchanges:
We need to think about the game theory involved. Everyone may want all platforms and chains to burn 1.2% at every transaction. People want to see supply decrease, but things change when it directly impacts their balance. Unless we can get every centralized exchange worldwide to implement this, it will not work.

If Binance charged 1.2% per transaction, I don’t think we would burn very much because most LUNC traders would go to other exchanges that don’t have the burn. I could be wrong.

So, we will listen to our community. We will do the following:

Step 1. We 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. This prevents people who don’t hold LUNC to affect the votes. It also gives the early adopters peace of mind that they are not the only few paying an extra 1.2%. The tax only kicks in at 25% quorum. This should encourage them to opt in more easily.

Step 3. When the opt-in traders reach 50% of the total LUNC trading volume on Binance, we will roll out the 1.2% trading tax for all LUNC trading. This prevents large LUNC whales who may hold large amounts, but don’t actively trade to influence votes.

If the threshold for Step 2 cannot be reached within a month of the completion of Step 1, or falls back below the threshold in the future, we will remove the opt-in feature to keep to a simpler user-experience.

We believe this is the most scientific way to “vote” by our traders. We listen to and protect our users. Thank you for your support!

Connect me on Twitter: https://twitter.com/rajeevanandspur

Disclaimer – Cryptocurrency trading on Exchanges, mining & ICO or IEO investment is a risky business, We do not guarantee any profit or loss from this and we will not responsible for any loss. We make videos to make you aware about cryptocurrencies. We request you to do your own research before investing .

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.