Another Good News for Terra Classic (LUNC) from Binance!

Giant cryptocurrency exchange Binance gave another good news for Terra Classic (LUNC) and TerraClassicUSD (USTC). The cryptocurrency exchange announced that it has added two altcoins to its instant converter tool.

Binance, the world's largest cryptocurrency exchange by volume , announced that it has added Terra Classic (LUNC) and TerraClassicUSD (USTC) to its instant converter tool, Binance Convert. Users can now convert LUNC and USTC to BTC, BUSD, USDT and other cryptocurrencies without paying any transaction fees using Binance Convert.

Gospel on Gospel for LUNC

Binance announced today, adding both Terra tokens to Binance Convert, adding more support for Terra Classic (LUNC) and TerraClassicUSD (USTC):

Visit Binance on their website, click on “Trade” and select “Binance Converter” from the drop-down menu. If you are on mobile, open the Binance App, tap “Trade” and then tap “Convert” from the top menu.

As of today, users can use the Binance Convert tool to convert LUNC and USTC to any listed cryptocurrencies such as Bitcoin (BTC), Binance USD (BUSD), Tether (USDT) without paying any transaction fees. The cryptocurrency exchange believes that adding LUNC to its services will help increase its trading volume and is actively supporting the Terra community.

Binance recently announced that it supports 1.2 percent tax burning for Terra Classic (LUNC) and TerraClassicUSD (USTC) through the Terra Classic network. However, the cryptocurrency exchange's announcement that it would only support tax burning for deposits and withdrawals drew the reaction of the community. After the reactions, Binance stated that the tax burning decision for Terra Classic could be revised and revised for off-chain transactions.

Cryptocurrency exchange Binance currently holds about 35 percent of the LUNC supply. In this regard, the Terra community needs Binance to offer off-chain tax burning and margin trading for Terra Classic and TerraClassicUSD .

Big Launch of Terra Tokens

Terra tokens are rising rapidly with high trade volumes as the Terra community moves towards the revival of the ecosystem's tokens. Terra Classic (LUNC) and TerraClassicUSD (USTC) topped the list of top 100 cryptocurrencies by market capitalization on CoinMarketCap . The LUNC price rallied over 200 percent in a week to as high as $0.00058.

On the other hand, Terra (LUNA) also increased by more than 200 percent in just 2 hours, and the price of the altcoin went up to $ 7.06. LUNA saw nearly $6 billion in daily trading volume, nearly double the daily trading volume of LUNC.

Source: coin-turk.com