According to the announcement of the Terra team regarding the transaction fee (tax burn) of Luna Classic (LUNC or LUNA as appears on Bitkub Exchange) transactions on the Terra Classic Network, Bitkub Exchange hereby informs you of the following information for the benefit and the smoothest user experience of our customers.
Terra will charge the transaction fee from all Luna Classic transactions on the Terra Classic Network from 1.2% of the transaction amount (after the deduction of a regular transaction fee of the Exchange) to 0.2%. For more information, please check the announcement from Terra here. The results from this change are as follows:
- For deposits: the credited amount of Luna Classic from other Exchanges to Bitkub Exchange will be the amount after the 0.2% tax burn deduction (apart from any other fees that other Exchanges may have).
- For withdrawals: Terra will charge an additional fee when the tokens are being transferred through the Terra Network to the receiving wallets at the rate of 0.2% of the withdrawal amount after the deduction of a regular transaction fee of Bitkub Exchange (check our withdrawal fees here).
Bitkub Exchange hereby informs you that we will temporarily suspend the related system for an update. Please see the details below.
Schedule
Issue Temporary Suspension of Luna Classic Withdrawal
Date 20 October 2022
From 11:30 AM (GMT+7)
To 09:00 PM (GMT+7)
Remark: The company reserves the right in its sole discretion to amend or change these announcement details, and we will notify you further if there are any changes.
We apologize if you face any inconvenience during this period and thank you for your trust in Bitkub Exchange.
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