Notice on Tax Burn for LUNC and USTC on Terra Classic (LUNC) Network

Fellow Hotcoinners,

According to the proposals of Terra Classic community, the tax burn is expected to go live on 2022-09-22 6:00 (UTC) at the Terra Classic （LUNC）block height of 9,475,200 after the proposal is submitted. Once the tax burn is live, transactions (deposits) will be taxed by the Terra Classic network before it reaches Hotcoin. The balance will be credited to your Hotcoin account after the 1.2% tax deduction by the network; Users will receive the withdrawal amount minus withdrawal fees charged by Hotcoin and the 1.2% tax deduction by the network, all of the fees are deducted from the amount of withdrawals requested by users.

For further details please refer to:

https://cosmosrun.info/terra-classic/gov/3568

https://cosmosrun.info/terra-classic/gov/4159

Thank you for your supporting and trusting to Hotcoin!

Hotcoin
Sept.20th,2022

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Hotcoin 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.