Gate.io Announcement Regarding the Terra Classic’s 1.2% Tax Proposal
2022-09-06 03:12:00 UTC
92147 Read
According to the Terra Classic’s Proposal for the 1.2% Tax Parameter Change, on-chain transactions on the Terra Classic（including LUNC and USTC）may be charged a 1.2% tax starting on about September 12 or 19 by the Terra Rebels on official or unofficial wallets, depending on if the proposal is supported by the TFL before September 5 .
Gate.io supports the community's development proposal as always. We will implement the proposed on-chain burn on LUNC and USTC if the proposal is approved. As an exchange, the trading of LUNC and USTC are not on-chain activities and will not be charged the tax. If you want to avoid the potential on-chain tax on deposits, it is highly recommended that you should deposit LUNC and USTC on Gate.io before September 12.
Deposit USTC:
https://www.gate.io/myaccount/deposit/USTC
Deposit LUNC:
https://www.gate.io/myaccount/deposit/LUNC
Learn more about the proposal:
https://classic-agora.terra.money/t/proposal-for-the-1-2-tax-parameter-change/46319
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Gate.io Team
September 6,2022
Gate.io supports the community's development proposal as always. We will implement the proposed on-chain burn on LUNC and USTC if the proposal is approved. As an exchange, the trading of LUNC and USTC are not on-chain activities and will not be charged the tax. If you want to avoid the potential on-chain tax on deposits, it is highly recommended that you should deposit LUNC and USTC on Gate.io before September 12.
Deposit USTC:
https://www.gate.io/myaccount/deposit/USTC
Deposit LUNC:
https://www.gate.io/myaccount/deposit/LUNC
Learn more about the proposal:
https://classic-agora.terra.money/t/proposal-for-the-1-2-tax-parameter-change/46319
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
September 6,2022
