What is up with the insane LUNC withdrawal fee? I ... @gateio

The high withdrawal fee on LUNC and USTC is due to Gate.io's implementation of a 0.2% tax on such withdrawals, in addition to the network gas fee. This tax is meant to cover the costs associated with processing these withdrawals and to ensure that the exchange is able to remain profitable. It is important to note that this fee is not charged on all withdrawals, but only on those involving LUNC and USTC. As such, it is important to keep in mind that if you plan to buy LUNC or USTC, you should withdraw them as soon as possible to avoid incurring this additional fee.

Gate.io will implement a 0.2% tax on LUNC and USTC withdrawal besides the network gas fee https://t.me/GateioOfficialNews/3344