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Aggregated FinanceAggregated Financeby0xee8ee11F288a73D0015975feab2Ca05d7CfF36130xee8e…3613

#22 Change tax distribution of agfi to 6% buy and 6% sell

Voting ended almost 3 years agoSucceeded

After some thinking, i will update my proposal to the following structure:

Buy 6% 3% Treasury 3% Eth reflections/rewards

Sell 6% 3% Treasury 2% Eth reflections/rewards 1% burn

Since we should be going upwards, the holders will be rewarded a bit more from the buys and with a small majority the community wants to keep the burn tax, it will be included in the sell tax structure

I hereby request to modify the tax model of agfi:

Currently BUY 5%: 4% Treasury 1% Operations

SELL 13%: 6% Treasury 1% Burn 3% ETH Rewards 3% Operations

New proposal

Buy 6% 3% Treasury 3% Eth reflections/rewards

Sell 6% 3% Treasury 3% Eth reflections/rewards

Why the change?

Those taxes came from a time, where high tax were the meta and in a bull run, people didn't care. However nowadays you need to compete with a lot of other projects and taxes around 5% or 6% each way are accepted by the communities in general

Why no burn? The burn tax was implemented by agfi to fight the inflation bug in the v1 hard-fork contract. This isn't the case anymore with v3. Burn feature is more of a marketing tool for meme project to trick people into thinking that burning has a direct correlation to the price. Burning tokens simply reduces the marketcap and the selling pressure. But to have a significant impact, a lot of tokens would need to be burned anyways.

Why no marketing/operation tax?

It is true that every project needs funds to operate, for marketing an development. But with the current volume, those taxes would provide only a very small amount. In short-term it would be easier to do a new proposal to allocate funds from the treasury to a marketing wallet. When the machine is well oiled again, operation/marketing tax could be re-implemented.

Off-Chain Vote

For
72.74B AGFI100%
Against
0 AGFI0%
Abstain
0 AGFI0%
Quorum:364%
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Timeline

Mar 11, 2023Proposal created
Mar 12, 2023Proposal vote started
Mar 14, 2023Proposal vote ended
Oct 26, 2023Proposal updated