1652
@TCryptochicks there is no hint... honest question, came up during dinner. lol. 😂
1654
@yoldaser Have a feeling there won't be many apologies, lol...
1655
Instead, we have decided to begin burning all trading fees collected on the LUNC/BUSD and LUNC/USDT spot and margin trading pairs on Binance.
Fees will be converted to LUNC then sent to the burn address. The burn is paid at our expense, not the users’.
1656
This way we can be fair to all users. The trading experience and liquidity remain the same, and Binance can still contribute to the supply decrease of LUNC, which is what the community wants.
1657
Three things here:
1) The LUNC community wasn’t happy with this approach.
2) It’s going to take a while to develop.
3) It’s not going to work anyway. Our traders won’t vote for it.
Since then, we were discussing a better, quicker way to support the community.
1658
Since my AMA on Friday, we’ve had a number of discussions about how Binance can better support the LUNC community’s requests for TX tax burns.
The last thing I said was we will implement an opt-in button. This has since changed. ‘Old’ blog for reference.
binance.com/en/blog/from-c…
1659
» Binance To Implement Terra Classic (LUNC) Burn Mechanism
Quick thread on what we’re doing and why below.
binance.com/en/support/ann…
1660
1662
1663
#Binance Customer Support handled 231,000 inquiries last week, with an average wait time of 20 seconds.
1664
@Ola47825038 This is very much against the ethos of crypto.
1665
@FatManTerra They don't realize, it won't work. Whales are not going to trade with 1.2% tax.
1666
1667
@katylouise8891 We are letting OUR users vote for it. Move your LUNC to @binance to participate. Otherwise, it feels a bit like letting citizens of one country vote for taxes in a different country. No?
1668
Expecting to get some attacks for this, but we stay transparent, involved, and open with our approach. 🙏
2/2
1669
A small few: if you don’t force 1.2% tax on all your users, u r centralized/greedy.
Me: I believe the opposite. Forcing a tax is “centralized”, high tax is greedy. We protect our users. We let our users choose. We are firm on this principle.
1/2
1670
This is NOT the official #Binance hoodie. 😂
1672
Price is volatile; Growth is steady; Plenty of opportunities.
(Not financial advice) twitter.com/binance/status…
1673
Apr, ADGM in-principle approval.
Today, MVP launch. 400+ employees in Dubai. 300+ crypto companies came to Dubai.
Now invited to replicate this by more countries. Just the beginning.
1674
Feb, His Royal Highness Mohammed Bin Rashid Al Maktoum signed the new regulations into law.
Mar, Binance Licensed in Dubai.
Mar, Binance organized the Dubai Blockchain Week, with 5000+ attendees. (I got Covid and had to self-quarantine).
2/3
1675
1 year ago on Sept 28, I arrived in Dubai. No appointments. No meetings set up. A handful of crypto companies in Dubai.
Dec, Binance signed MOU with Dubai, to form a joint task force to create a regulatory framework for crypto.
1/3 twitter.com/cz_binance/sta…
CEO @binance, holder of #bnb #btc