Upbit's new crypto monitoring center to be funded by LUNC fees | Crypto

Upbit’s new crypto monitoring center to be funded by LUNC fees

– Upbit is using fees it collected from Luna Classic (LUNC) transactions to establish a crypto monitoring center in a gesture to help compensate for the losses from the Terra-LUNA debacle, according to local media reports.
– The monitoring center will focus on protecting investors from unfair market activities.
– Other plans for using the fees include composing a white paper and timeline of Terra-LUNAs crash and donations to organizations working to relieve damages to Terra-LUNA investors.
– The transaction fees, collected from May 11 to May 20 this year, are worth 239.13025970 BTC (currently around US$4.8 million).

upbit Upbit's new crypto monitoring center to be funded by LUNC fees

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