Tax Mechanism
The Tax system ensures the protocol's growth by dynamically adjusting based on the $UTOMB peg to Ethereum. As the $UTOMB peg fluctuates, the tax rate changes, helping to maintain the price closer to the peg. (See the table below)
If $UTOMB falls below its peg, an automatic sell tax is triggered on all $USHARE sell transactions. This tax is used to buy $UTOMB 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 $UTOMB!
>1.5
1%
>1
1%
1.5-1.4
1.25%
1-0.97
2%
1.4-1.3
1.25%
0.97-0.9
2.5%
1.3-1.2
1.5%
0.9-0.8
4%
1.2-1.1
1.75%
0.8-0.7
5%
1.1-1.05
2%
0.7-0.6
7%
1.05-1
2.5%
0.6-0.5
8%
1-0.95
5%
<0.5
10%
0.95-0.9
10%
0.9-0.8
10%
0.8-0.7
12%
0.7-0.6
16%
0.6-0.5
19%
<0.5
20%
Last updated