Announcement: Transaction Fee (Tax Burn) of Luna Classic Transactions on Terra Classic Network

Announcement: Transaction Fee (Tax Burn) of Luna Classic Transactions on Terra Classic Network

According to the announcement of the Terra Classica as for the tax burn for Luna Classic (LUNC) deposit/withdrawal transactions on the Terra Classic network, it has been decided to change the tax burn fee for Luna Classic (LUNA) withdrawal transactions on the Terra network. Classic from the previous rate of 0.2% to 0.5% of the withdrawal transaction amount. (after deducting the normal withdrawal fee of the originating system) This new tax burn withdrawal fee has been adjusted from 24 May 2023 onwards.

(check the announcement from Terra here).

https://classic-agora.terra.money/t/new-economic-policy-for-terra-classic-set-of-4-proposals-to-align-incentives/50415) 

orbix will inform you of the following information for the benefit of customers and to comply with the system's rules. The details are as follows:

For deposits: The Terra Classic network will charge additional fees for depositing affiliated coins that are transferred from the other digital asset exchanges to orbix. The Terra Classic network is charged at a rate of 0.5% on the deposit amount (in addition to other fees that may be charged)

For withdrawals: The Terra Classic network will charge additional fees during the sending of Luna Classic coins from orbix to the destination wallet via the Terra network. The Terra Classic network is charged at a rate of 0.5% on the withdrawal amount after deducting the normal withdrawal fees of orbix

However, the operation of the Terra Classic network does not affect the use of the service in any way. The Luna Classic coin deposit and withdrawal systems, as well as all other services, are still open as usual.

Note: The company reserves the right to change these terms and conditions without prior notice. If any changes are made, if there is a change, the company will inform you further.

We sincerely apologize for the inconvenience caused and thank you for your trust and support as always.

For further information :

Live Chat: orbixtrade.com/en/live-chat

E-mail: support@orbixtrade.com