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Can Terra Classic Reach $1 (Burn Tax Explained)
Luna Classic is implementing a 1.2% burn tax, in order to reduce the supply, and raise the value of each LUNC token. But will it work? In this video, we will cover the difference between on chain and off chain Terra Classic burns, and which exchanges are supporting the :Luna Classic Burn Tax.
Links:
Burn Proposal - https://classic-agora.terra.money/t/proposal-for-the-1-2-tax-parameter-change/46319
Kucoin - https://www.kucoin.com/news/en-kucoin-will-support-the-tax-burn-proposal-of-the-terra-classic-lunc-community-20220907
Binance - https://www.binance.com/en/support/announcement/22716ea110cd44f78376c0cd3a19f7f0
MEXC - https://support.mexc.com/hc/en-001/articles/10280807853721-MEXC-Will-Support-the-1-2-Tax-Burn-Proposal-of-the-Terra-Classic-LUNC-Community
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