Binance Suspends Terra Classic  (LUNC)


The world’s largest crypto exchange Binance has temporarily suspended the burning of Terra Classic (LUNC) trading fees until March 2023.

The move comes following the developments around Proposals 10983 and 11111 to fund the commodity pool.

The exchange said they are making changes to its LUNC burn mechanism

Thus, From December 28, Binance will burn 50% of the LUNC spot and margin trading fees instead of 100%.