Update on Tax Burn for LUNC on Terra Classic (LUNC) Network

Dear Dcoinians,

In accordance with Terra governance, these proposals are being created to change the tax parameter from its current value of 0 to 0.0125 (1.25%). The tax will be applied to all currency denominations currently available on-chain, including LUNC.

• The tax burn is expected to go live on 2022-09-20 at the Terra Classic block height of 9,475,200 after the proposal is submitted. Once the tax burn is live, deposits and withdrawals of LUNC via the Terra Classic network will be affected in the following manner:
  • Deposits: Transactions will be taxed by the Terra Classic network before it reaches Dcoin. The balance will be credited to your Dcoin account after the 1.2% tax deduction by the network.
  • Withdrawals: Users will receive the withdrawal amount minus withdrawal fees charged by Dcoin and the 1.25% tax deduction by the network.

 

For More Information:

• Proposal 3568
• Proposal 4159

 

Thank you for your trust and support to Dcoin!

Dcoin Global Operation Team

Sep 19, 2022

Join Us

Telegram(Official) : https://t.me/dcoinofficial

Telegram(Event) : https://t.me/dcoin_event

Twitter : https://twitter.com/dcoinexchange

Medium : https://medium.com/dcoin-exchange

Linkedin: https://www.linkedin.com/company/dcoin-exchange/