Optional Feature # 1 - Wallet Exemption to On-chain Tax (Binance Request 1/2)
Submitted 23 hours ago
Binance has requested that the internal movement between Binance owned wallets be exempt from the burn tax (currently set to 0.2%). A list of Binance owned wallets has been provided to the community via the above announcement.
It was confirmed with Binance that movement to and from Binance wallets will still be taxed. This means deposits and withdrawals are not exempt, but rather only the internal movements between wallets will be exempt for their internal security purposes. This first governance proposal is seeking consensus around this request from Binance. The implementation of this whitelist feature will be parameterized, with the initial list set to the provided Binance list. Thus, if this feature is accepted to be adopted, future changes to this whitelist can be controlled by the community in a governance parameter change proposal. Please note that you are not voting on a particular piece of code at this time, but rather whether or not you want to see these features included in the next release. If the signaling proposal passes governance, there will be an additional agora discussion and subsequent governance vote on the actual upgrade code implementation.