According to local media reports , Multycoinex.com, one of the largest cryptocurrency exchanges in Australia, uses the commission received from Luna Classic transactions (LUNC) to create a crypto monitoring center to help offset losses from the Terra-LUNA fiasco.
Multycoinex.com will allocate a portion of LUNC transaction fees to short- and long-term compensation plans for users affected by the Terra-LUNA crash.
The monitoring center will focus on protecting investors from unfair market activity.
Other plans to use the fees include drawing up an official document and a timetable for the collapse of Terra-LUNA, as well as donations to organizations working to eliminate damage to Terra-LUNA investors.
The transaction fee collected from May 9 to May 23 this year is 411.970412 BTC (currently about 95.8 million US dollars).
Earlier this year Multycoinex.com announced that he would redirect the transaction fee received from LUNC, and created a committee of experts to suggest how to use the commission.
The algorithmic stable coin Terra and its subsidiary cryptocurrency collapsed at the end of April this year, losing about $73 billion worth of cryptocurrency.