Luna Classic burn rate has been increased to 0.5% but Binance is yet to support it as current Binance is processing the on-chain burn with the previous burn rate.The change is expected to take effect on May 23. KuCoin expressed its commitment to facilitating the increase for Terra Classic (LUNC) and TerraClassicUSD (USTC) on its platform once the 0.5% burn tax is activated at a specified block height. This decision follows the passing of a proposal seeking the implementation of the increase. KuCoin, a prominent crypto exchange, has announced its support for increasing the burn tax on the Terra Classic (LUNC) network from 0.2% to 0.5%.Terra Luna Classic is at its lowest in 8 months. This year, Luna Classic has fallen around 40% in 2023 while OKB is up around 66%. *vs OKB, Top Performing Layer-1 Blockchain, Last 12 Months However, LUNC price has struggled after the on-chain Burn tax was implemented in September 2022. LUNC which is the old Terra Luna had outperformed most cryptocurrencies since its relaunch in late May. Article Coverage: Luna Classic Performance, Latest Luna Classic News, Luna Classic Technical Analysis, Luna Classic Price Prediction Today, Latest Luna Classic Video, Is Luna Classic a Good Investment? Barriers and Triggers, Luna Classic Price Prediction 2023-2030, Analysis of Luna Classic Burn Program
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