Dear AAXers,

As per our previous announcement, the LUNC and USTC 1.2% tax burn is expected to go live at the Terra Classic block height of 9,475,200, or approximately at 22:00 (UTC).2022-09-21.

AAX will suspend LUNC and USTC token deposit and withdrawal service on the Terra Classic network at 11:00 (UTC) 2022-09-21.

To clarify, LUNC and USTC deposits from users’deposit addresses into AAX hot wallets will be consolidated and subject to the 1.2% tax burn fee by Terra Classic network once the burn tax is live. AAX will include the 1.2% tax burn fee into the withdrawal fees for LUNC and USTC. Users will not be charged this fee until withdrawals are made.

AAX will adjust the withdrawal fees for LUNC and USTC, as well as the minimum and maximum withdrawal amounts accordingly.

For More Information: Proposal 3568, Proposal 4159

If you have any questions, please feel free to contact our official customer service. Thank you for your support of AAX!

AAX team

September 20, 2022

Risk notice: Digital currency deals are risky. Please pay serious attention to your trading and purchase with care. AAX is not responsible for your loss due to any behavior of your trading.

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AAX reserves all rights in this announcement, including but not limited to, the right to adjust, interpret and terminate it at any time without prior notice.

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