2201
This is NOT the official #Binance hoodie. 😂
2202
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
2203
Expecting to get some attacks for this, but we stay transparent, involved, and open with our approach. 🙏
2/2
2204
@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?
2205
2206
@FatManTerra They don't realize, it won't work. Whales are not going to trade with 1.2% tax.
2207
@Ola47825038 This is very much against the ethos of crypto.
2208
#Binance Customer Support handled 231,000 inquiries last week, with an average wait time of 20 seconds.
2209
2211
2212
» Binance To Implement Terra Classic (LUNC) Burn Mechanism
Quick thread on what we’re doing and why below.
binance.com/en/support/ann…
2213
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…
2214
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.
2215
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’.
2216
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.
2217
@yoldaser Have a feeling there won't be many apologies, lol...
2219
@TCryptochicks there is no hint... honest question, came up during dinner. lol. 😂
2223
If you blame others for your misfortunes, you won't be rich. Take ownership of yourself.
2225
CEO @binance, holder of #bnb #btc