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TaoPadTaoPadby0x98915686E23032a1D3b8596BaDD7fAdf147d5c00taopad.eth

Change of Tax Utilization #2

Voting ended almost 2 years agoSucceeded

Currently the 5/5% tax is used for market $TBANK purchases, which have been distributed through weekly rewards. As with previous quorums, the buy and sell tax will have the same proportion of fund distribution, for example, a $TPAD purchase (or sale) of $100 has a $5 tax. That tax, under an 80/20% split would be $4 and $1 respectively.

Now that TaoTrade's presale has completed and has a proposed launch date, we find it best to revisit where tax is best utilized. Many in the community are of the opinion that taxes should be used towards either purchasing $TPAD itself and/or adding to the liquidity pool.

Similar to the last vote, a light or aggressive approach is suggested;

Light approaches A) 75% LP, 25% TPAD B) 50% LP, 50% TPAD

Aggressive focuses C) 25% LP, 75% TPAD D) 100% TPAD

Off-Chain Vote

75% LP, 25% TPAD
113.37 TPAD0.4%
50% LP, 50% TPAD
2.77K TPAD9.4%
25% LP, 75% TPAD
2.28K TPAD7.8%
100% TPAD
24.2K TPAD82.4%
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Timeline

Apr 18, 2024Proposal created
Apr 18, 2024Proposal vote started
Apr 20, 2024Proposal vote ended
Apr 20, 2024Proposal updated