Using DeFi protocols, the tax on transactions is used to benefit the longevity of the project and further progress towards it's goals.
The Tax (Tokenomics) breaks down as follows:
2% Holder Redistribution
Every holder of ChainCade token earns passive rewards through static reflection, no staking required. The burn address also receives the redistribution, acting as a deflationary mechanism and decreasing the total supply over time.
1% Automatic LP
Every trade also contributes toward automatically generating DeFi liquidity, benefiting investors by creating a stable price floor thus decreasing the impact of large sell-offs.
2% Project Fund
Our tokenomics was designed with further development and growth in mind and will fund our gaming rewards, developer program, giveaways, and more.
Team Tokens
3 Team members received 1% supply (1,000,000,000) each with no vesting period, along with initial promotion and upstart cost, totaling 5%.
NOTE:
Transaction tax is temporary, and will be scaled back as the ecosystem develops and matures.