We have a treasury to back up the price and once sell pressure reduces, we can stop the sell tax.
you surely mean TITANO on BSC, but its a very very small project at the moment. Performs as it performs but you cant take such a high amount of earnings from the people who are staking or who wand to join the project.
The only reason for a tax is to punish traders and stabilize the price and avoid such red candles as yesterday. Taxes should not intended to punsih long-term holdrs, in particular not those who are liquidated and want to rejoin the project
What will prevent a whale to rig the game just by waiting you will have selloffs when tax period is over, so it will be cyclical, unless you make it extremely long and that will deter people from entering the DAO
We can stop the tax as soon as we will be listed on CEX , then manipulation of wmemo will be difficult if it gets listed on CEX
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Tax fees should be TEMPORARY ONLY.
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Tax fees should be TEMPORARILY ONLY, yes. Also, part of the taxes will go to the treasury which will also generate more revenue, thus keeping the APY high/investing in order projects.
that is also true, a broad and a deep market is much more difficuilt to manipulate as a small Liquidity pool but not impossible.
The event of yesterday was the second of its kind in the past few days and that shows me,
a) something is systematically wrong
b) we get targeted by someone
Another options would be to disable leverage positions so it should not be able to go short in TIME or wMEMO (no borrowing). Many unexperienced people are here who can’t manage a leveraged or derivative position as sifu can (or not 
) but Frog Nation should also protect unexperienced users and not promise 45 lambos in a year
We need this. WE NEED THIS.
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Indeed we need to pass this ASAP
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Exactly, otherwise whales will keep dumping and treasury will keep pumping, we will be left with nothing.
Whales don’t wait for long , they come and go.
As a matter of the technique working, it’s already proven to work by the other protocol that has done it already. Thing is they do it for the long-term ( keeping taxes ), but we should do it just to get out of this slump, so to speak.
Implement airdrop to long term holders. Reward people for holding, implement sell tax and distribute fees to hodlers.
Once people get incentives for holding, they won’t sell.
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Agree with these taxes.
Hector DAO also introduced a similar measure with HIP-007:
HIP-007 introduced a warmup period of 3 rebases for newly staked tokens.
…From this point onwards, staked tokens will be locked for 3 rebases (24 hours) before they can be claimed. During this period, it is possible to forfeit staking without rebase rewards.
DCIP also has similar taxes:
10% Standard Tax
-3% Liquidity
-1% Marketing Wallet
-2% Community Investment Wallet
-2% Burned
-2% Redistributed to holders who hold longer than 24 hours*
7% Punishment Tax
-Swaps within 24 hours:
-4% Community investment wallet
-1% Burned
-2% Redistributed to holders who hold longer
than 24 hours
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Exactly, people need a reason to hold and not sell.
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Honestly our treasury is draining, this is sad.
Will buy tax help the protocol, like will it not stop people from buying ?
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I agree but no need for buy tax!
There is already a similar proposal here High transaction fees for unstaking early but my issue is:
- can the devs implement this?
- how long will it take?
Yes please. Stop the bleeding. Long term or go home.
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We longer are a staking model, wmemo auto stakes . Thanks for the poll idea, I updated it.