Token Tax Overview
Overview
Token tax will allow the token creator to apply tax policy on any transfer made with specific token.
When token supply reach certain level, any transfer will be taxed with specific percentage, which is set by token creator.
Sender can be added to whitelist and will be exempted from any tax.
The tax amount will be deducted directly from recipient and transfer to configured receiver.
Only token creator and Ultra can set tax config for creator's token.
Once tax config is set for token, you cannot switch to other strategy.
Usage of the actions for config token tax
Benefits
- Allow token creator have more flexible policy with their token