Dear Biboxers,
According to the latest proposals 3568 and 4159 passed by the Terra community, it will introduce a 1.2% transaction tax burning mechanism for all token types available on the Terra Classic network, including LUNC tokens, that is, transaction taxes will be charged from the current 0 % changed to 1.2%. The tax burning mechanism is expected to go live at 6:00 (UTC+8) on September 22, 2022 (Terra Classic network block height 9,475,200 hours).
After the tax burning mechanism takes effect, when depositing and withdrawing LUNC tokens on Bibox:
Deposit: 1.2% tax will be charged by Terra Classic network before successfully reaching the Bibox account, and the balance will be credited to the Bibox account.
Withdrawal: Due to the new tax burning mechanism of LUNC, Bibox will deduct an additional 1.2% tax on the withdrawal network.
[Risk Warning]
There are huge risks in digital asset transactions. Please purchase with caution and pay attention to transaction risks. Bibox will select high-quality currencies, but will not assume any responsibility for guarantees, compensation, etc. for any of your transactions.
[Contact Us]
If you have any questions, you are welcome to contact us at any time (7*24) through the following methods.Wish you a happy transaction!
- Official Website: https://www.bibox.com
- Online Customer Service: Go to consult
- Official Email: [email protected] or Submit a ticket
- Official English Telegram: https://t.me/BiboxExchangeEnglish
Bibox will continue to improve user trading experience and provide you with better services.
Bibox Team
9/19/2022
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