Dear AAX User:

The LUNC community has passed Proposal 5234, which will reduce the tax burn for on-chain transactions of LUNC and USTC on Terra Classic network from 1.2% to 0.2%. The change will take effect at epoch 98, or approximately at 2022-10-19 12:50 (UTC).

AAX will suspend the deposit and withdrawal of Terra Classic (LUNC) network tokens at 2022-10-19 09:00 (UTC). After the update is completed, the deposit and withdrawal services will be reopened without further announcement.

As such, AAX will make the following updates to the deposit and withdrawal fees for LUNC and USTC on Terra Classic network once the new tax burn mechanism is live.

Deposits:

AAX will reduce the 1.2% consolidation fee for all LUNC and USTC deposits received by AAX to 0.2%.

Please note that LUNC and USTC deposits to AAX are still subject to the withdrawal fees charged by other exchanges or platforms, where applicable.

Withdrawals:

Users will receive the withdrawal amount minus withdrawal fees charged by AAX and the 0.2% tax burn.

If you have any questions, please contact our Customer Service Team. Thank you for your support of AAX!

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.

______________________________________________

AAX Exchange: https://www.aax.com/

Get the app:https://www.aax.com/download

Connect with us:

Email Help Desk: cs@aax.com

Telegram: https://t.me/aaxcommunity

AAX Futures Telegram Group-https://t.me/+dqQbWfqDvURlMTM1

AAX Savings Community https://t.me/aaxsavings

Twitter: https://twitter.com/aaxexchange

Facebook: https://www.facebook.com/AAXExchange

Learn more:

Blog: https://blog.aax.com/en/

Academy: https://academy.aax.com/en/

Medium: https://medium.com/aaxexchange

YouTube: https://www.youtube.com/channel/UCUpkrnlJmPwQOFcb2GxKHxA

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.

Did this answer your question?