Swap Tax revenue
Last updated
Last updated
For each buy or sell order on decentralized exchanges, a tax of 5% maximum is deducted from the buying or the selling of $SPI tokens. This tax rate is subject to decrease depending on the funding level of the Spredict project. Note that at TGE a higher tax rate will be used to address sniping activity.
The breakdown of the tax revenue is subject to evolve according to the project strategy and development and set as follows:
2.5% for the Spredict team, to develop the project (operational, development and marketing costs)
1% for $SPI staking rewards: $SPI holders who stake their tokens on the Spredict staking contract will be awarded by rewards in $ETH, depending on the volume level on the pair $SPI/$ETH as well as their holdings in $SPI vs the other $SPI stakers
1% will increase the liquidity pool of $SPI/$ETH being automatically added to the pair $SPI/$ETH
0.5% for the $SPI Liquidity Providers. Anyone can add liquidity in $SPI/$ETH and will get rewarded on a monthly basis according to their holdings in the LP token $SPI/$ETH vs other liquidity providers.