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Whether a project starts with a presale or a fair launch, BSC projects can fall prey to large wallet holders who can drastically affect price action on the open market. This is a short term issue that is nearly unavoidable on new tokens. While we are a long term project (and not worried about short term price action) we are mindful that the first weeks and months of a new project are extremely important for its success.
Our team was thoughtful about balancing the fair and open nature of a decentralized financial market with restricting major market manipulation by whales.
Whale Tax on LP Removal
Rather than restricting whales completely (who can bring much needed liquidity to the market), we have chosen instead to apply a whale tax of 8% on liquidity removal of more than 5% of the total supply.
This 8% will be immediately be sent to a multi-signature address where we can buy back and burn our token, lock liquidity or migrate to our own AMM.
We considered locking liquidity but decided it was not in the best interest of the project longterm unless we were on our own AMM.
As our market matures, we may need to change the tax rate, so please stay updated on the most relevant information.
In addition to our whale tax, all graves and tombs have an early withdraw fee of 5% for withdrawing deposits prematurely.
This timer resets whenever any amount of $ZMBE is removed from Graves and Tombs, thereby reducing the frequency of removing LP. This additionally de-incentivizes whales from removing just below the whale tax threshold in smaller amounts.
This early withdraw fee is explained in depth here, and applies to all graves, tombs and spawning pools regardless of amount staked, so be mindful when entering and exiting our pools.
Incentives — Whale Graves Coming Soon
Whales are not bad. There is a common misconception in the crypto-space that whales are only about manipulation. While whales have the ability to do that, we did not want to wholly de-incentivize them from our platform as many whales are good actors with a desire to promote adoption of cryptocurrency projects. Whales provide needed liquidity and are crucial to long term success if they believe in the project and are willing to hold.
We are creating a custom GRAVE for whales that employs a unique long term reward structure for whales who are acting in a positive, good faith manner. Rather than punish such people, we desired to incentivize good whale behavior. More details are coming soon for our Whale Graves. In the meantime, whale on.
We do not recommend buying known scammed tokens, this is highly risky and may result in financial lost and even rewarding the scammers. Tread cautiously. You can always wait for our secondary market to buy these NFTs from others.
The information shared in these docs, our roadmap, our lite paper and white paper, and social channels such as this blog, is not financial advice and should not be misconstrued as such. The primary purpose of these documents is to provide potential token holders with pertinent information in order for them to thoroughly analyze the project and make an informed decision. Engaging in cryptocurrency projects involves substantial risk and it is strongly advised that you consult with a financial professional prior to your participation. These documents do not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. Neither RugZombie nor any of its contributors or creators shall be held liable or responsible for any errors or omissions concerning this project or for any damage you may suffer from your participation or as a result of failing to seek competent financial advice from a financial professional. This white paper is not in any way intended to create or put into implicit effect any elements of a contractual relationship.
Originally published at https://www.publish0x.com.