
Luna Classic Revival validator | Marz token
5.7K posts

Luna Classic Revival validator | Marz token
@onlycryptobaron
Creator of MARZ token treasury on Luna Classic & Luna Classic Revival validator. MARZ token TG: https://t.co/T83nTuGSF2 Not financial advice.




















$LUNC Proposal #12223 - PART 2 Mr Diamondhandz the LUNCLIVE Validator appears to continue misleading the $LUNC community again to promote his own projects. A project that taxes its own transactions at the exact rate he calls “stupid” for LUNC. Mr Diamondhandz, told the community: “Even CZ knows a 1.5% LUNtax is stupid.” CZ never said that.👇 CZ’s comments were from September 2022 and concerned whether Binance should add an extra 1.2% charge to every LUNC trade inside Binance. They were not about Proposal #12223. They were not about a 1.5% Terra Classic on-chain tax. Appears that LUNCLIVE Validator doesn't understand the difference. There were two separate issues in 2022. First, Terra Classic’s 1.2% on-chain tax. Binance confirmed that the network tax would apply to deposits and withdrawals, while spot and margin trading inside Binance would not be affected. Binance accepted the on-chain tax and adjusted its systems. Second, people wanted Binance to copy that 1.2% charge onto every LUNC trade inside its own exchange. That is what CZ was discussing. His blog opens with: “Will Binance support the LUNC burn of 1.2% for every trade on Binance?” The section is titled: “Taxes on Centralized Exchanges.” CZ’s concern was that if Binance charged an extra 1.2% while competing exchanges did not, traders would simply leave Binance and trade somewhere cheaper. He was talking about Binance customers, Binance order books and Binance competitors. He was not telling Terra Classic what tax rate it should set on-chain. CZ even proposed an opt-in system and linked an earlier statement saying the project needed to implement the tax on-chain first. That is exactly what Proposal #12223 is about. It raises Terra Classic’s on-chain tax from 0.5% to 1.5%. It does not add a 1.5% charge to every trade inside Binance. Binance later chose to burn part of the LUNC trading fees it already collected without increasing normal user trading fees. He opposed Binance charging its users an extra 1.2% while competing exchanges charged nothing. Taking that position and rewriting it as: “CZ thinks Terra Classic’s 1.5% on-chain tax is stupid” is not quoting CZ, It is putting words in his mouth. Now look 👇 Mr Diamondhandz owns LUNCLIVE Node. WESO’s own litepaper lists him as its Public Relations spokesperson. That same litepaper states: “WESO imposes a 1.5% swapping tax on all transactions.” It describes that tax as funding project initiatives and maintaining: “Healthy market dynamics.” WESO’s original exit tax started at 20.5%. So when WESO charges 1.5%, it is called healthy market dynamics. When Terra Classic proposes 1.5%, WESO’s owenerwcalls it stupid. 1.5% for WESO: Healthy. 1.5% for $LUNC Stupid? @Allnodes @DutchLunc_Val Read the original sources👇 Check the dates👇 Follow the incentives👇





















