announced platform BinanceLUNC, one of the world’s leading cryptocurrency exchanges with the largest liquidity, burns all trading commissions collected by the exchange in pairs away Spot and margin once morest BUSD and USDT
The unexpected decision came following the exchange’s initial plans to vote on implementing a full burn tax, and to implement it when a certain number of users is reached, was abandoned.
As Changping explains chowThe CEO of Binance refused to wait for the results of the vote as it would be a technically difficult solution and was also met with negative reviews by the LUNC community.
It should be noted that Binance earlier proposed a flat trading tax of 1.2% on LUNC trading which might be burned to reduce the total supply of the coin, and improve its price performance.
Notably, the price of LUNC immediately rose by more than 25%, when this news was announced within five minutes, as the announcement of the new solution had such a strong impact on quotes that it even outpaced the news this morning regarding the co-founder of Terra.
Issuing a red card for Do Kwon
Despite Do Kwon’s stinging comments regarding his possible arrest, it was revealed today that Interpol has issued a Red Notice for him. This means that police from all over the world will join the search for him, and the operation will become more active.
Follow | Al-Nahda News _ Hossam Mohamed
