As we have just learned, Binance, one of the world’s leading crypto exchanges and holder of possibly the largest LUNC liquidity, has decided to burn all trading commissions collected by the exchange on LUNC spot and margin pairs against BUSD and USDT.
The unexpected decision followed the abandonment of the exchange’s initial plans to introduce a burn-in subscription and the implementation of a full burn-in tax when a certain number of subscribers are reached. As Binance CEO Changpeng Zhao explains the rejection, introducing a subscription would have been a technically difficult solution and was also met negatively by the RUČAK zajednica.
Umesto toga, odlučili smo da počnemo da sagorevamo sve naknade za trgovanje prikupljene na LUNC/BUSD i LUNC/USDT parovima spot i margin trgovanja na Binance-u.
Naknade će biti pretvorene u LUNC, a zatim poslane na adresu snimanja. Spaljivanje se plaća o našem trošku, a ne o trošku korisnika.
- CZ 🔶 Binance (@cz_binance) Septembar 26, 2022
On the announcement of this news, LUNC quotations immediately soared. Within five minutes, the cryptocurrency price was up more than 25% on the spot. In doing so, the announcement of the new solution had such a strong impact on quotations that it even outweighed the news this morning about Terra’s co-founder, LUNC issuer Za Kwona.
Do Kwon receives red card
Despite Do Kwon’s scathing comments and taunts about his potential capture, it was revealed today that Interpol has issued a red notice for him. This means that police from all over the world will be joining the search for him, and the process will become much more active.
Source: https://u.today/lunc-price-skyrockets-25-in-5-minutes-as-binance-announces-major-update-on-burning