GM tokens will have a 6% two-way transaction tax for liquidity, which is scheduled to be lifted a few weeks after when CEX is coined
The token economics for the gm.ai project token GM shows that there will be a 6% two-way transaction tax on the purchase and sale of the token. Subsequently, founder dexter posted: “For transparency purposes, I would like to make this clear: all taxes on Meteora will be re-added to liquidity, and the tax will be removed in a few weeks when CEX uploads begin. At the beginning of the project, this tax setup will only be valid on DEX. An anchoring program will follow where users can store tokens until the tax is removed, then users will have more tokens to sell and have more liquidity. It's just a gamification play.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum's net supply increased by 18,469 in the past 7 days
Swiss crypto bank Amina Bank completes DLT settlement test via Google Cloud
Data: Machi increases Ethereum long positions to $28.6 millions, with an entry price of $2,981.59
Nasdaq: Approval of its tokenized stock program by the SEC is now a top priority