Greetings M7 Community,
With our launch date of 30/08/21 fast approaching, we want to bring you information on the tokenomics of the platform’s governance token, VAULT. The total supply will be limited to 10 million (10,000,000) and there will be no restrictions on transaction size. We are placing a maximum amount each wallet can hold to 200,000 tokens. This is 2% of the total supply of VAULT. Once launched, the team will review the contract to determine if this restriction should be increased or removed. Furthermore, there will not be a blacklist function within our code.
VAULT is based on an asynchronous tax system. The liquidity creation, marketing and team fund rates do not constitute the tax rates on buying and selling.
Buy transactions will incur a 6% tax collected by the contract. Sell transactions will incur a 10% tax. All the tokens collected will be used by one of the 3 mechanics built within the contract via the following ways:
- Liquidity (4%) — This will be used to increase the available liquidity. It will be held by the team and locked, burned or released as needed to ensure the price floor remains stable.
- Marketing (1%) — This will be exchanged for BNB and used strictly for marketing and promotional activities for the M7 Platform.
- Team (3%) — This will be exchanged for BNB and used to fund all team operations up to and including expanding our communities and platform development.
In other exciting news, our contract is deployed and verified and can be reviewed here https://bscscan.com/address/0x838bcbE35da6AEe1bFd4C48D994e0133b25465DF
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