- Terra Luna Classic burn tax initiative receives support from KuCoin.
- Binance expressed support for Terra Classic’s L1 parity upgrade.
- LUNC inked 2.3% in the last seven days, still trades below key support.
The third largest global crypto exchange KuCoin announced support for Terra Classic’s recently passed #11515 proposal. According to the new economic policy, the already existing tax burn will be replaced by a 0.5% tax burn at the block height of 12,902,399.
The new order on KuCoin will kick in as soon as today. This comes just a day after Binance, another popular crypto exchange, declared support for Terra Classic’s recent major network upgrade, which brought the Terra Classic blockchain to parity with LUNA 2.0 and other blockchains powered by the Cosmos protocol.
