Reduce X7R and X7DAO token fees by 50%

The beginning of a software project requires a lot of capital, capital for marketing, capital for product development, capital for operational expenses.

The ETH side of the initial liquidity offerings for X7R (x7m105 & X7 protocol) and X7DAO were relatively small compared to the present market capitalization. Since that time, the development team has deployed over 100 smart contracts across five blockchains, the community has been funded for community building and marketing, the lending pool has been funded with over $100k seed capital, the liquidity pools for each of the tokens has had capital injected into it to ensure more liquid trading, and the development has been done to modify the uniswap interface to support initial liquidity loans and multi-dex routing.

There is still development to be done, but those costs are largely behind us. In front of us is greater adoption of the product and wider participation in our token markets.

X7R and X7DAO have a 6% token fee on buys and sells - and this % can dissuade market participants from swapping in to these tokens.

The goal of X7R is to be a mechanism to expose yourself to the upside of the X7 Ecosystem, and to provide a liquid experience that allows one to sell down this exposure to others. The goal of X7DAO is to provide a governance mechanism for the ecosystem for full decentralized control.

In both these cases, market participation is more critical than seed capital from token fees.

For these reasons, a 50% token fee reduction is proposed for X7R and X7DAO. The smart contracts allow a dynamic fee amount, capped at 7%. This fee reduction could be reverted by the X7 DAO at a later point, or fees could be further decreased.

Furthermore, the discount NFTs only become more valuable for active traders as the discounts permit efficient market making capability that may have been priced out at 6% token fees.

A reduced fee structure will support a more liquid and efficient token market as the project moves into its next phase.