🥏Taxes
cbCEN token is built on the BASE network
Last updated
cbCEN token is built on the BASE network
Last updated
We designed the $cbCEN token tax to incentivize users to hold and trade it. All $cbCEN token transactions will be subject to a very small tax. All taxes collected will be partly used to burn the $cbXEN token. The remainder will automatically add liquidity to cbCEN and be burned. The $cbCEN token will operate its economy efficiently.
The total tax rate when users trade tokens is 1% (liquidity tax 0.4%, $opXEN token burning tax 0.4%, other transactions 0.2%).
When users trade tokens, the 0.5% tax rate automatically enters liquidity and is burned immediately. Burned liquidity causes immediate token deflation and permanently stabilizes the liquidity pool. The more transactions, the more liquidity will be added to the pool.
When users trade tokens, the 0.5% tax rate automatically buys back $cbXEN tokens and burns them immediately. The more transactions, the more $cbXEN tokens will be burned. In the future, when liquidity increases, the transaction volume will increase, and more cbXEN tokens will be burned.
Users can track the number of cbXEN tokens burned here:
The addresses below were automatically excluded to ensure proper token functionality. Including them might result in huge stability problems and errors.
Supply recipient: 0x3fa8aD5a05adf34a7CC2161B7a3E6c8FC8115A96
Token smart contract: 0x222F10edAb925BDD8D6241D488Ad576fA7dFB12E
cbXEN Burn wallet tax recipient: 0x000000000000000000000000000000000000dEaD