Huobi Global to Support 1.2% Tax Burn Proposal of Terra Classic (LUNC) Network

Dear Huobi Global Users,


We have learned about the 1.2% Tax Burn Proposal on the Terra Classic (LUNC) community. To ensure your transfers remain unaffected, Huobi Global will support this proposal.


According to the proposal description, if TFL accepts the parameter change, the proposal is expected to be officially implemented on September 13, 2022 at the Terra Classic block height of 9,374,400. If TFL does not approve the change, the proposal is set to unofficially take effect on September 20, 2022 at the block height of 9,475,200. Please refer to Proposal for the 1.2% Tax Parameter Change for details.


To avoid the potential increase in deposit fees, we recommend that our users deposit LUNC, USTC , etc on the Terra Classic network into Huobi Global before September 12, 2022. Specific planning on deposits and withdrawals of Terra Classic network assets on Huobi Global will be further notified in a separate announcement.


Note: Spot trades and other relevant trades of LUNC, USTC, ANC, and CTXC2X on the Terra Classic network will not be affected by this tax burn. For follow-ups and more details, please refer to our further announcements.


Thank you for your support!


Huobi Global

Sept 8, 2022


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Huobi Global reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.