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Binance to Implement Terra Classic LUNC Burn Mechanism on Trading Fees | Crypto Marg | Rajeev Anand

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Binance to Implement Terra Classic LUNC Burn Mechanism on Trading Fees | Crypto Marg | Rajeev Anand

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What Binance CEO Said (CZ_Binance ) #cz #czbinance

Taxes on Centralized Exchanges:
We need to think about the game theory involved. Everyone may want all platforms and chains to burn 1.2% at every transaction. People want to see supply decrease, but things change when it directly impacts their balance. Unless we can get every centralized exchange worldwide to implement this, it will not work.

If Binance charged 1.2% per transaction, I don’t think we would burn very much because most LUNC traders would go to other exchanges that don’t have the burn. I could be wrong.

So, we will listen to our community. We will do the following:

Step 1. We will implement an opt-in button, for people to opt-in to pay a 1.2% tax for their LUNC trading.

Step 2. When the opt-in accounts reach a holding of 25% of the total LUNC held on Binance, we start to charge 1.2% tax for all opt-in traders when they trade LUNC. This prevents people who don’t hold LUNC to affect the votes. It also gives the early adopters peace of mind that they are not the only few paying an extra 1.2%. The tax only kicks in at 25% quorum. This should encourage them to opt in more easily.

Step 3. When the opt-in traders reach 50% of the total LUNC trading volume on Binance, we will roll out the 1.2% trading tax for all LUNC trading. This prevents large LUNC whales who may hold large amounts, but don’t actively trade to influence votes.

If the threshold for Step 2 cannot be reached within a month of the completion of Step 1, or falls back below the threshold in the future, we will remove the opt-in feature to keep to a simpler user-experience.

We believe this is the most scientific way to “vote” by our traders. We listen to and protect our users. Thank you for your support!

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Disclaimer – Cryptocurrency trading on Exchanges, mining & ICO or IEO investment is a risky business, We do not guarantee any profit or loss from this and we will not responsible for any loss. We make videos to make you aware about cryptocurrencies. We request you to do your own research before investing .

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36 Comments

  1. "Try not to become a person of success, but rather try to become a person of value." -Albert Einstein

  2. < I respect your work mate. TA Is all well and good but I find It truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC Is pumping and why the future outlook might not be as rosy as It seems. It's kinda irresponsible to Ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC.. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market.This Is the worst possible time in history to invest as so many don't back up their crypto assets…<The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion i think you should take a look at things first.. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals.more emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the Market..I have made over 11btc from day tradng with Kenneth Henry, insights and signals. You can reach him on ͲeIєɠɾαm👉Kenhenrytrade .

  3. The <volatility of LUNC and other leading cryptocurrencies makes any kind of price prediction notoriously difficult. Price fall means analysts remain divided over whether we are stuck in this bear market or are just suffering a brief correction on the road to more record highs. Nevertheless, despite price ups and down, the market has been so profitable to me. I've always played safe implementing trades with insights and signals from a renowned trading group> Nicole Cas Crypto. I made 7.5 BTC from the recent crash in the market within two weeks.

  4. I respect your work mate. TA Is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely Ignore the bigger narrative of why BTC is fluctuating and why the future outlook is more encouraging as it seems. It's kinda Irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC.. we were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This Is the worst possible time in history to invest as so many don't back up their crypto assets…more emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market. I have made over 7 btc from day tradng with Antonia Walker, insights and signals in less than 3 weeks, this is one of the best medium to backup your assets incase it goes bearish. I left Antonia contact below take care!…r̫e̫a̫c̫h̫ h͎e͎r͎ V̫I̫A̫ T̫E̫ L̫E̫ G̫R̫A̫M̫ 👉 Antonia299

  5. Even with the economic fluctuation,I'm very excited to have earned $45,000 on my $10,000 investment every 10 days

  6. Do you think 1$ is still possible?
    By the way you are one of very few youtuber who are working on the reality and bring ctual facts to your subscriber.
    Best wishes.

  7. ❤Only for fans over 18 year⤵️ Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine countrygirl2.OnLinE Brünette und eine andere Blondine. Es wäre unfair, wennh ich 4 wählen würde

  8. Kucch bhi ho sir. But esse bahut badi burning ho jayegi…..
    2024 me ab confirm ho gya h 1rs-10rs price pahuchega…. 💯 %

  9. सर मेने आज 1620 पे sale कर दिया ओर बात 2470 पे खरीदा काफी मुनसान हो गया भाई

  10. Ek mintatus me nigetiv video
    Ek video positive
    Tume kuch nahi pata
    Tum har time tukka lagate rehete ho
    Dosto inki bata me mat jaoo
    Ye tumhe barbad kar dege

  11. Bhai ji, Polymath k liye updates aai hai Binance per, please achi tarah se samjhaiye next video mei 🙏

  12. ♥️𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗮𝗱𝘂𝗹𝘁 𝗽𝗼𝗿𝗻 𝘃𝗶𝗱𝗲𝗼𝘀 𝗼𝗻𝗹𝘆❤️ Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine Pretygirlss1.OnLinE Brünette und eine andere Blondine. Es wäre unfairn, wenn ich 4 wählen würde

  13. Bhai Terra luna ko chhod k koi or video bhi upload kiya kro
    Meko pta h terra luna me aapne ache khase pse lga rkhe h..pr or video bhi bnao

  14. मे आपके ही व्हिडिओ का वेट कर रहा था सर जी

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