Crypto.com is the latest major crypto exchange to support the Luna Classic burn load. The 1.2 percent tax will go live soon and is scheduled for block 9,475,200.
Burn tax only on deposits and withdrawals at Crypto.com
According to the crypto exchange, the burn tax will only be applied to the deposits and withdrawals. Thus, the burn load is not implemented in LUNC trading on CryptoCom. The fair writes:
“Deposits: Transactions are taxed by the Terra Classic network before it reaches Crypto.com. The balance will be credited to your Crypto.com account after the network’s 1.2% tax deduction.”
Withdrawals: Users receive the withdrawal minus withdrawal fees and the network’s 1.2% tax deduction.
Crypto.com is now the tenth major crypto exchange to accept the Luna Classic burn tax. These major crypto exchanges are: Binance, KuCoin, MEXC, Huobi, Gate.io, Kraken, Lbank, Bitrue and CoinInn.
Out of these, only Kucoin, MEXC Global, and CoinInn will support burns on the Luna Classic trade.
