UPDATE: Terra Classic (LUNC) tax burn fee

The Terra Classic (LUNC) project previously passed a proposal to introduce a 1.2% ‘tax burn’ to all on-chain transactions. This has now been reduced to 0.2%

Consequently, the tax burn fee on each withdrawal to the network will now be 0.2% of the transfer value.

Example:

If you deposit 1,000,000 LUNC, you will receive the full amount on your balance on Zonda, your balance on the external address from which you deposit will be additionally charged for 200 LUNC for the tax burn.

Be sure to provide enough tokens to pay the fee.

 

If you withdraw 1,000,000 LUNC, you will receive the full amount to the designated account and your balance on Zonda will be charged an additional 200 LUNC for the tax burn.

 

NOTE: This applies only to withdrawals and will not affect existing LUNC balances on Zonda, nor will you be charged for transactions made on our platform. Zonda will also not charge additional fees for deposits - tax burn is limited to withdrawals.

The change will take effect at epoch 98 estimated time 14:50 (UTC+2).

Link to the proposals: 

https://cosmosrun.info/terra-classic/gov/3568

https://cosmosrun.info/terra-classic/gov/4159

 

Proposal to reduce the fee to 0.2%:

https://cosmosrun.info/terra-classic/gov/5234