Dear LBank users,
 
The 1.2% tax burning mechanism for LUNC and USTC will be implemented around 10:00 pm UTC on September 21, 2022, or at the Terra Classic block height of 9,475,200.
 
After tax burning mechanism take effect, 1.2% tax will be charged by the Terra Classic network during the deposit and withdrawal process.
  • Deposit to LBank wallet: The deposit amount is deducted 1.2% tax burning, and the final arrived amount is 98.8% of the deposit amount.
  • Withdrawal from LBank wallet: The withdrawal fee will be charged an additional 1.2% based on the LBank withdrawal fee
 

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