LUNC investors react to CZ's 1.2% trading tax recommendation on Binance

Cointelegraph

Published Sep 25, 2022 01:13AM ET

Updated Sep 26, 2022 03:20AM ET

The infamous collapse of the Terra ecosystem, which erased market prices of TerraUSD (UST) and LUNA tokens, continues to trouble anxious investors as co-founder Do Kwon, crypto exchanges and the community together try to identify the best route for a sustainable price recovery.

Most recently, Changpeng “CZ” Zhao, the CEO of crypto exchange Binance, recommended a flat 1.2% trading tax on LUNC trades that could be burned to reduce the token’s total supply and improve its price performance. Addressing the community, CZ stated:

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