Today Binance announced LUNC fee burn implementation which the LUNC Community has been asking for Weeks. After Binance CEO Recent Take on LUNC Fee Burn which he Described as “not a Good Idea” #BoycottBinance Got trending on twitter as a result of CEO Changpeng Zhao Desicion
Binance has come to the conclusion that it should begin expelling all trading commissions obtained on the spot and margin trading pairs for LUNC/BUSD and LUNC/USDT that are conducted on the Binance platform. After being transformed into LUNC, the fees will be sent to the specified address to be collected. Right After the Announcement LUNC went up by 40%. Here are some Top Queries Regarding LUNC Fee BURN
Binance LUNC Fee Burn Validity Period
Binance has implemented LUNC Trading fee BURN Starting from today 2022-09-21 00:00:00 (UTC) until further notice.
Will Binance Remove LUNC Fee Burn Implementation in Future?
Chances of Binance Removing FEE BURN in Future for LUNC Trading are quite low.
Will Binance FEE BURN Implementation Help Recover Price of LUNC?
Yes, this is Great News For LUNC Holders as all the trading fee will be burnt which helps decrease the supply of LUNC. Binance has the most trading volume meaning more fees will be burned.
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