After the Terra Collapse, CZ says the Solution would be to Make a 1.2% Trading Tax
Join Our Telegram channel to stay up to date on breaking news coverage The notorious Terra environment breakdown, which expunged market rates for LUNA and TerraUSD coins, worries shareholders as founder Do Kwon, virtual currency transactions, and the public work together to determine the best path for a viable price healing. Changpeng Zhao, the Chief operating officer of cryptocurrency exchange Binance, lately proposed a plain 1. 2% exchange fee on LUNC transactions that might be consumed to decrease the token&rsquo ;s total money supply and enhance its current price. In a statement to the public, CZ asserted that they’d enforce an opt-in toggle on the Binance interaction for individuals to choose whether or not to spend a 1.2% fee on the LUNC transactions. I answered the question about LUNC in my Twitter Space AMA just now. Another option is to implement a feature to let users opt-in for a 1.2% trading fee themselves for burn. And see how many of the voting community ...