In the RushB token’s Smart Contract, there is a unique mechanism that implements taxation on both buying and selling transactions.
This taxation system is designed to create a sustainable ecosystem for the token and its community, as well as to support marketing and community events.In the RushB token’s Smart Contract, there is a unique mechanism that implements taxation on both buying and selling transactions. This taxation system is designed to create a sustainable ecosystem for the token and its community, as well as to support marketing and community events.
Tax Buy refers to the 3% fee applied to all purchases of the RushB token. Out of this 3%, 1% is allocated towards marketing efforts, promoting the token and attracting new investors. The remaining 2% goes to the reward pool, incentivizing and rewarding token holders for their support and long-term commitment.
Tax Sell, on the other hand, refers to the 5% fee applied to all sales of the RushB token. This higher tax on selling transactions is designed to discourage excessive selling pressure and maintain token value stability. Out of this 5%, 4% is used for deflationary mechanisms, such as token buybacks and burns, which ultimately reduces the token’s overall circulating supply and helps to maintain its value. The remaining 1% is dedicated to organizing weekly community events, fostering engagement and collaboration among the community members.
In summary, the Tax Buy and Tax Sell mechanisms in the RushB Smart Contract play a vital role in maintaining the project’s sustainability and fostering growth. By allocating fees to marketing, rewards, deflationary mechanisms, and community events, RushB is creating a well-rounded and robust ecosystem that benefits all token holders and contributes to the long-term success of the project.
