Fellow Binancians,In response to the LUNC community proposal on burning trading fees while maintaining a good trading experience for users, Binance will implement a burn mechanism to burn all trading fees on LUNC spot and margin trading pairs by sending them to the LUNC burn address. The specific amount of LUNC to be burned, its equivalent value in USDT, and on-chain transaction ID will be updated each week in this announcement until further notice.Validity Period: 2022-09-21 00:00:00 until further notice.RulesThe calculation of total trading fees on LUNC spot and margin trading pairs to be burned from the previous week will be done every Monday at 00:00:00 . The subsequent on-chain burn transaction and weekly report will be updated by each Tuesday at 00:00:00 ..The first batch of trading fees on LUNC spot and margin trading pairs to be burned will be calculated from 2022-09-21 at 00:00:00 to 2022-10-02 at 23:59:59 . The fee rebates on LUNC spot and margin trading pairs toward Binance Spot Liquidity Provider Program for the period of 2022-09-21 at 00:00:00 till 2022-09-27 00:00:00 will be excluded from the burn amount..Trading fees on LUNC spot and margin trading pairs that collected in a token other than LUNC will be converted to LUNC with the real-time exchange rates on Binance every Monday at 00:00:00 ..LUNC burn mechanism will not affect BNB fee discounts, fee rebates, or any other form of fee adjustment or fee discount. Binance Spot Liquidity Provider Program will pause fee rebates toward LUNC spot and margin trading pairs starting from 2022-09-27 at 00:00:00 . .Trading volume on the LUNC spot and margin trading pairs will continue to be counted in the 30-day volume calculation toward Trading Fee Level and Binance Spot Liquidity Provider Program. For more information regarding our dedicated Institutional and VIP services, please access Binance's Enhanced Institutional Services. Reach out to your Key Account Manager for further queries..For the latest burn records, please refer to the table in the English version.Period of Calculation Trading Fees on LUNC Spot and Margin Trading Pairs Trading Fees on LUNC Spot and Margin Trading Pairs Burn Transaction IDBatch 12022-09-21 00:00:00 - 2022-10-02 23:59:59To be updated on 2022-10-03 To be updated on 2022-10-03 To be announced on 2022-10-03 For More: Notice on Tax Burn for LUNC and USTC on Terra Classic NetworkThanks for your support!Binance Team2022-09-26Trade on-the-go with Binance's crypto trading app Find us on Telegram: https://t.me/binanceexchangeTwitter: https://twitter.com/binanceFacebook: https://www.facebook.com/binanceInstagram: https://www.instagram.com/binanceBinance 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.Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.