The 1.2% tax burn for LUNC is expected to go live at the Terra Classic block height of 9,475,200, or approximately 2022-09-21 22:00 (UTC).
To clarify, LUNC deposits from users’ deposit addresses into Tapbit hot wallets will be consolidated and subject to the 1.2% tax burn fee by Terra Classic network once the burn tax is live. We will include the 1.2% tax burn fee into the withdrawal fees for LUNC. Users will not be charged this fee until withdrawals are made.
Tapbit will adjust the withdrawal fees for LUNC, as well as the minimum and maximum withdrawal amounts accordingly.
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