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Binance Can Continue LUNC Burns if This Proposal Passes

Proposal 11310 to upgrade to v1.0.5 needs to pass the governance vote before Binance can continue Terra Luna Classic (LUNC) burns. This is according to Classy, a Terra Classic influencer and validator. The influencer made this known in a YouTube video yesterday. Recall that Binance decided to suspend its voluntary burn of fees obtained from LUNC trading activity, as reported by The Crypto Basic last month. The crypto exchange made this decision in response to token re-mints from LUNC burns, disclosing that it will only continue LUNC burns after the community guarantees that its voluntary burns will not be re-minted and exempts its burn wallet from the 0.2% on-chain tax. (thecryptobasic)


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