Poseidon Tax
Last updated
Last updated
The Poseidon Tax system ensures the protocol's growth by dynamically adjusting based on the $BRATE peg to Ethereum. As the $BRATE peg fluctuates, the tax rate changes, helping to maintain the price closer to the peg. (See the table below)
If $BRATE falls below its peg, an automatic sell tax is triggered on all $BSHARE sell transactions. This tax is used to buy $BRATE on the open market and burn it, bringing buy pressure while reducing the circulating supply! (See the table below)
100% of the taxes are burned, reducing both the circulating and total supply of $BRATE!
Always consider the current $BRATE peg price before conducting transactions, as it directly impacts the level of slippage you may experience.
