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KuCoin Declares Support for Increase in Terra Classic Burn Tax

KuCoin, a popular cryptocurrency exchange based in Seychelles, has announced its support for the increase of Terra Classic (LUNC) network's burn tax from 0.2% to 0.5%. This decision was made in response to the passing of a proposal seeking the implementation of the increase.

KuCoin has expressed its commitment to facilitating the increase for both Terra Classic (LUNC) and TerraClassicUSD (USTC) on its platform once the 0.5% burn tax is activated at the designated Terra Classic block height of 12,902,399.

The change is expected to come into effect on May 23.

Terra Classic Terra Classic $0.00
+3.72%
Terra Classic
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