Dear KuCoin Users,

It is noticed that the Terra Classic (LUNC) community has passed Proposal 5234, which will lower the tax burn of the Terra Classic (LUNC) network to 0.2%.

Therefore, KuCoin will support the tax burn deduction of Terra Classic (LUNC) and Terra Classic USD (USTC) tokens when the 0.2% tax burn goes live at the Terra Classic block height of 9,878,400. 

Related follow-ups to this subject will be announced separately as soon as possible.

For further information about the 0.2% Tax Burn Deduction, please refer to Proposal 5234.

Thank you for your support!

The KuCoin Team

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