Wiki Binance

Tag: LUNC

  • Binance implements 1.2% LUNC burn mechanism for every trade on the exchange

    Binance implements 1.2% LUNC burn mechanism for every trade on the exchange

    Binance implements 1.2% LUNC burn mechanism In response to the community’s proposal to burn LUNC while maintaining a good trading experience for users, Binance will implement a 1.2% LUNC burning mechanism on spot and margin trading pairs.  The calculation of total trading fees on LUNC spot and margin trading pairs to be burned from the […]

  • Binance to add opt-in button for 1.2% LUNC burn tax on all trades

    Binance to add opt-in button for 1.2% LUNC burn tax on all trades

    Opt-in button for 1.2% LUNC burn tax  Binance CEO Changpeng Zhao (CZ) has added an opt-in button for users to decide whether to apply 1.2% LUNC for each transaction on the exchange. Binance announced that it will only apply a 1.2% tax to on-chain deposits and withdrawals on September 9. However,  off-chain exchange trades were […]