💸 Tax System

Buy and sell tax

Default sell and buy tax as below is: 1. 15% sell tax 2. 10% buy tax

3. 1% Unstake

Both the sell tax and the buy tax are configurable, and both will be modified according to the protocol’s future needs. 15% sell tax and 10% buy tax are default taxes applicable.

The amount of the fees (10% for buys and 15% for sells) allows PunkDao to provide PUNKD holders with the stable high yield of 100,000.00% annually.

🐳 One additional benefit of the high fees is that PUNKD benefits when Whales dump because the fees collected support PUNKD holders.

Sell tax — the lower the price, the higher the sell tax. Buy tax — the lower the price, the lower the buy tax.

When the price falls, the goal of raising the sale tax and lowering the buy tax is self-evident: to discourage selling and encourage buying in unfavorable market conditions.

The buy and sell tax will be redistributed as follows: — 50% goes to LP, — 50% goes to the Treasury as additional marketing funds.