Taxes
Each Transaction external to the Block Ape Scissors platform (IE, through a DEX) incurs a variable tax. The range for the tax is between 1 & 10% which can be split among 7 potential destinations using any variable composition. Our full complement of Tax switches are as follows:
Name
Purpose
Buyback
Token Value
Holders
Reflect
Liquidity Providers
APR Increase
Marketing Multisig
Growth
Operations Multisig
Quality Products
Prize Pools Multisig
Retention
Bounties Multisig
Security
DAO Treasury Multisig
Community
Depending on the situation, turnover and environment, we will adjust the tax switches to suit the objective for the project, taking into account project, community and holder requirements.
Examples of Tax switch implementations are below; Marketing Focus with 5% Tax
Name
Tax Percentage
Holders
3%
Marketing
2%
Total
5% Tax
Prize Allocation for Turnover Generation with DAO Treasury to build new products.
Name
Percentage
Holders
1.5%
Prize Pool
5%
DAO Treasury
2%
Bounties
1.5%
Total
10% Tax
The Tax system has been designed to be fluid with our operations and marketing model, to ensure we can securely direct funding from transactions to where it is needed most at that time, whilst also being able to provide reflect to holders of the token.
The current Tax applied to transactions is as follows;
Name
Tax Percentage
Marketing
2.5%
LP Farm
2.5%
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