Polylastic Forthcoming Structures
The elastic finance aggregator, powered by Binance Smart Chain, Polylastic Finance reveals its forthcoming structures. One of the pillars of Polylastic future success lies in an aggressive taxation structure. As the POLX token goes through re-distribution to ultimately end up with those who see beyond near-term speculation, it is an imperative that they support their holders.
FORTHCOMING STRUCTURES
- A 9% Network Tax will be imposed
- 33.3% of the POLX tax (3% of the total transacted) will be earmarked to provide deeper liquidity on Pancake Swap
- 33.3% of the POLX tax (3% of the total transacted) will be distributed to holders
- 22.2% (2% of the total transacted ) will be burnt.
- 11.1% (1% of the total transacted) will be distributed as community rewards to users who help promote POLX
The reasons for this are myriad. Certainly, there is a level of gamification that traditional finance players simply can not impose despite the significant benefits. Secondarily, this structure creates a hyper-deflationary mechanism that they believe, will truly reveal its potency over time. Additionally, the distribution to supporters funnels the tokens into the most deserving wallets.
Considerations
- This represents upto 500% increase from the original burn targets.
- Trading volume, irrespective of buying or selling, translates to deeper liquidity
- Perpetual Rewards: Hodling gains additional POLX from every network transaction.
- Ongoing Community Rewards: The top community members who promote POLX on social media are rewarded periodically. This can help to nurture a community powered growth engine.
This cyclical approach creates a self-sustaining network that provides ongoing incentives to the real users whilst deflation aggressively continues.
ABOUT Polylastic Finance
The Polylastic (POLX) Index is designed to track token performance within the ever-evolving Elastic Finance industry.
RESOURCES
Medium
