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A VERY IMPORTANT THREAD ON THE #BINANCE LUNC BURN UPDATE!🔥🚨 1/6
Please Share to Prevent FUD & Misinformation!
#1: Binance is NOT ending #LUNC support regarding burns.
- Binance is changing their burn from spot and margin fees from 100% to 50% starting now and the
Please Share to Prevent FUD & Misinformation!
#1: Binance is NOT ending #LUNC support regarding burns.
- Binance is changing their burn from spot and margin fees from 100% to 50% starting now and the
2/6
next burn will occur on March 1st, 2023. Binance is reducing their burn % to prevent their voluntary burns from being reminted. As we saw with TRs recent actions, this makes sense from a business prospective.
To prevent their burns from being reminted, Binance is currently-
next burn will occur on March 1st, 2023. Binance is reducing their burn % to prevent their voluntary burns from being reminted. As we saw with TRs recent actions, this makes sense from a business prospective.
To prevent their burns from being reminted, Binance is currently-
3/6
-in talks with the Terra Grants Foundation to create a burn wallet that prevents any reminting of sent funds. The reason they are delaying a 100% burn for at least 3 months is to give LUNC time to pass important proposals to keep their support.
-in talks with the Terra Grants Foundation to create a burn wallet that prevents any reminting of sent funds. The reason they are delaying a 100% burn for at least 3 months is to give LUNC time to pass important proposals to keep their support.
