Tokenomics
Last updated
Last updated
Over the past 24 months, the cryptocurrency community has had its fair share of tax-based tokens. At the beginning of the craze, taxes placed on tokens were hailed as a revolutionary revenue-generating mechanism, one that promised to ensure projects remained well funded long into their future. The shiny façade of tax-based tokens fell under strain, however, as it became clear that success with taxation was not a foregone conclusion.
With this in mind, MetaBlaze has designed a tax schedule to be implemented over two main Tax Phases.
The first 90 days from Launch will employ the following Timeline-Based Tax Schedule:
As expressed in the table above – Buy/Sell taxes are set at 5% Buy / 15% Sell on Launch Day (Day One), coupled with a high Metaflection (aka Reflection) rate of 5% that is distributed to token holders on Sell transactions. Over the next 60 days, we’ll reduce the overall taxes until eventually, beginning on Day 61, they reach 5% Buy / 5% Sell.
Note: Metaflections are completely removed on Day 61, by design. This is what we refer to as our Timeline Driven Tax Reduction Strategy.
From Day 90 forward, our strategy shifts as we move to a Milestone-Driven Tax Reduction Strategy. In this Tax Phase, Buy/Sell taxes are reduced as MetaBlaze’s overall Market Capitalization increases.
Note: These tax reductions are unidirectional and irreversible. For example, when MetaBlaze’s Market Capitalization reaches $500 Million, the taxes will reduce from 2% to 0% on Buys, but remain at 5% on Sells. If for some reason, MetaBlaze’s Market Capitalization were to dip back below $500 Million to $490 Milion – the taxes will remain at 0% on Buys and 5% on Sells, and will NOT revert to 2% on Buys.
