It's no longer a news that the top crypto exchanges like Binance, kucoin, Gate.io and Kraken are in support of the Luna classic burns that is set to happen in a few hours.
And because of this the social media has being going crazy wild in expectation of the burn. Causing the classic coin to stay trending as the community awaits the burn.
The 1.2% tax burn as we all know is set to happen today after the arrival of the new block, and the entire lunatic community are so happy about it that they fail to recognize some very important detail, and that is, these crypto exchange platform have zero control of the burn tax as it was already voted on and implemented on the Blockchain as an on chain burn tax....No matter what they do..it must happen!!".
Them, making it public is just a way to drive in new retail investor so that they can all benefit from it. Because if truly they were in support of the tax then my friend, the off chain tax would readily be on its way...and the voice of the lunatics would be echoing among the stars.
But, aside from the Top exchanges playing a silly scam on the people(retail investors), I believe the only exchange platform readily supporting the community is the MEXC Global, as they have shown countless efforts to burn for the community.
So, as the 1.2% tax draws close, all eyes are fixed on what the exchanges next move will be... especially Binance. As for me, I just hope that all the hope and energy poured into rebuilding the Tera class chain is not wasted.