Foundation
  • Foundation Introduction
  • Why Foundation?
  • Problems
  • Solutions
  • Key features
  • $FOUND Mining & Airdrop
  • Funding
  • $FOUND
    • Utility
    • Tokenomics
    • Burn Mechanism
  • Team
  • Terms and Conditions
  • Privacy policy
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  1. $FOUND

Burn Mechanism

The $FOUND tax structure is designed to support the ecosystem's growth and sustainability. At the time of launch, there will be an 8% sales tax imposed on transactions, which will later decrease to 4%.

The tax proceeds will be allocated to various essential components of the ecosystem, serving multiple purposes. Specifically, 2% of the tax will be dedicated to buybacks and burns of both $ENET and $FOUND tokens. This mechanism aims to enhance scarcity and value for both tokens, benefiting all token holders.

Additionally, 2% of the tax will be channeled into the staking wallet, further promoting the staking benefits of both tokens

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Last updated 1 year ago