The world’s largest crypto exchange in the world, Binance, has just decided to burn all trading fees the exchange earns on the LUNC/USDT and LUNC/BUSD trading pairs. That’s great news for Luna Classic investors.
A very positive announcement from Binance CEO
The unexpected decision followed the exchange’s initial plans to give users the choice to participate in the transaction tax. The LUNC community reacted furiously to this, saying that it was not the right choice for Binance. Changpeng Zhao has apparently heard the anger as he has now announced that Binance will burn all transaction fees they receive on the LUNC/BUSD and LUNC/USDT trades themselves. This means that the users do not have to pay anything and the burning of the tokens is paid for by Binance.
The Luna Classic (LUNC) price skyrockets
After the announcement of Changpeng Zhao, the Luna Classic price shot up immediately. Within 5 minutes, the price had already risen by more than 25 percent.
