Toronto, Ontario--(Newsfile Corp. - September 7, 2022) - In support of the burn tax proposal from the Terra Classic (LUNC) community, MEXC will launch a time-limited burning event for spot trading fees for LUNC/USDT and LUNC/USDC - Starting
MEXC is the first CEX to support the LUNC upgrade and burning proposal.
MEXC X LUNC
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The actual trading fee received will be proceeded by MEXC and will implement secondary market buybacks on a daily basis. Also, on a daily basis, MEXC will make arrangements to send LUNC tokens obtained from the secondary buy back of LUNC to the official burn address that is provided by Terra.
Currently, MEXC ranks second for the LUNC burning, with 581,983,415.1228 LUNC buy back.
LUNACPenguins
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What is Terra Protocol?
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payment systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Developments on Terra began in January 2018, and its official launch of its mainnet in April 2019. As of September 2021, Terra offers stablecoins pegged to the U.S....
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