Binance will change the charging method for deposit and withdrawal fees of users' LUNC and USTC

Chain Catcher News, Binance announced that based on community feedback, Binance will change the way it charges deposit and withdrawal fees for Terra Classic network LUNC and USTC.

For deposits, LUNC and USTC deposits on Binance will incur withdrawal fees charged by other exchanges or platforms (if applicable). Due to the 1.2% burn tax implemented on LUNC and USTC transactions on the Terra Classic network, Binance will charge a 1.2% aggregation fee on all deposits before they are credited to Binance users.

For withdrawals, the amount users receive will be the withdrawal amount minus the withdrawal fee charged by Binance and the 1.2% burn tax. (Source link)