Binance facing backlash from LUNC community after this – Katoch Tubes

Binance vs LUNC community

What's the news?

Binance announced 1.2% tax burn on LUNC and USTC deposits and withdrawals would be subjected to  1.2% tax burn fee.

Is it Implemented?

The proposal was successfully implemented on Sept. 21 for  all on-chain transactions.

LUNC Supply

The tax burn is expected to shrink the total supply of the LUNC token to 10 billion.

The Backlash

LUNC community has strongly opposed the 1.2% tax burn fee and lashed out their anger on Twitter.

Trending on Twitter

#BOYCOTTBINANCE has been trending on Twitter with many bad mouthing the Twitter CEO ChengPeng Zao

What we think?

It's an obvious move to impose an additional 1.2% trading fee  on LUNC burn. All he wants is  to recover his lost $3 billion  during the UST fall.

Do Kwon arrest

Swipe Up to know more about Do Kwon arrest. The founder of LUNC

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