Announcement: Transaction Fee (Tax Burn) of Luna Classic Transactions on Terra Classic Network

📣 Announcement: Transaction Fee (Tax Burn) of Luna Classic Transactions on Terra Classic Network

According to the announcement of the Terra team (https://classic-agora.terra.money/t/proposal-for-the-1-2-tax-parameter-change/46319)

As for the tax burn for Luna Classic (LUNC) deposit/withdrawal transactions on the Terra Classic network, Terra will charge an additional fee for Luna Classic coin transactions made on the Terra Classic network 1.2% of transaction amount (After deducting the normal withdrawal fee of the originating system, if any), effective from 27 September 2022 onwards.

Satang Pro will inform you of the following information for the benefit of customers and to comply with the rules of using the system. The details as follows:

For deposits: The Terra Classic network will charge additional fees for the deposit of affiliated coins that are transferred from the other digital asset exchanges to Satang Pro. The Terra Classic network is charged at a rate of 1.2% on the deposit amount (in addition to other fees that may be charged)

For withdrawals: The Terra Classic network will charge additional fees during the sending of Luna Classic coins from Satang Pro to the destination wallet via the Terra network. The Terra Classic network is charged at a rate of 1.2% on the withdrawal amount after deducting the normal withdrawal fees of Satang Pro.

However, the operation of the Terra Classic network does not affect the use of the service in any way. The Luna Classic coin deposit and withdrawal systems, as well as all other services, are still open as usual.

Note: The company reserves the right to change these terms and conditions at any time without prior notice. In the event that any changes are made, if there is a change, the company will inform you further.

Thank you for your trust.

For further information, please contact:
💬 Line : @satangofficial
👩🏻‍💻Web Chat : satangcorp.com
✉️ E-mail : [email protected]