Introduction
As part of the ongoing efforts to enhance the growth and attractiveness of the DGNX token, we are presenting a new proposal to lower the total taxes imposed on the token.
This measure aligns with our roadmap's focus on creating a more vibrant ecosystem and increasing the longterm token's trading volume. The proposed changes aim to optimize the token's attractiveness to investors, traders, and potential new holders. Below, we outline the key adjustments to the tax structure and elaborate on the anticipated impact.
Current Tax Structure
The DGNX token is subject to a total buy/sell tax of 8%, divided into various categories as follows:
8% on buys
% of value | Purpose
4% | Liquidity Backing
1% | Liquidity Booster
1% | Marketing
2% | Platform & Development
8% on sells
% of value | Purpose
4% | Liquidity Backing
1% | Liquidity Booster
1% | Burn
2% | Platform & Development
Proposed Tax Structure
We propose a revised tax structure with the following adjustments:
5% on buys
% of value | Purpose
3% | Liquidity Backing
1% | Marketing
1% | Platform & Development
5% on sells
% of value | Purpose
3% | Liquidity Backing
1% | Burn
1% | Platform & Development
This means that DGNX will have a 5% buy/sell tax when this proposal succeeds and gets executed.
Impact
The proposed reduction in the total buy/sell tax, especially the liquidity booster tax, is expected to have a positive impact on the DGNX token's trading volume and overall appeal. By lowering tax from 8% to 5%, we aim to incentivize increased more trading activity, making the token more attractive to traders and investors alike. The proposed tax change aligns with the DGNX roadmap's strategic points, which prioritize the growth and expansion of the token's user base. Lowering taxes is a key milestone in our journey towards establishing a dynamic and robust ecosystem.
Conclusion
We believe that the proposed reduction in the total tax, specifically the liquidity booster tax, will significantly contribute to the growth and success of the DGNX token. With substantial funds in the Development and Marketing wallets and a significant Liquidity Pool, we have the means to enact these changes without compromising the project's stability. We call upon all DAO members to support this proposal as it will pave the way for a more prosperous future for the DGNX token and its community. Let us work together to propel the token to new heights of success and realize its full potential in the decentralized finance landscape.
