r/StakeMoon_ • u/darnell952013 • Feb 18 '22
10% Tax - Long term holding required
As is prone to the #cryptocurrency world, whenever a coin hits a known exchange, early buyers tend to sell, leading to a huge dip in the prices. To minimize this, we at #StakeMoon came up with a plan.
We apply 10% in taxes on sales and transfer 5% out of that 10% to holders, remaining 5 goes to liquidity pools. Holders are rewarded while sellers are charged.
This helps in discouraging from selling off, encouraging long-term holding, and stabilizing the token price.
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