BLOC Buy/Sell Taxes
Buy Tax – 3%
Destinations:
45% BLOC Burn
30% Yield Farm
20% Single Stake
5% NFT Contract
Sell Tax – 3%
Destinations:
45% BLOC Burn
30% Yield Farm
20% Single Stake
5% NFT Contract
When formulating the breakdown of tax destinations, the BlockCentral team wanted to emphasize the importance of users within the mechanics. 55% of taxes go to rewarding BlockCentral users. The remaining 45% will be burned automatically, ensuring consistent deflationary pressure on the token.
Taxes collected, as well as tokens purchased and designated for rewards, will accumulate in their respective receiver contracts. When they reach the equivalent of ~$400 in BLOC tokens, the receiver contract will trigger for distribution to their previously stated destinations.
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