This proposal is to reduce the tax that is charged to every buy/sell transaction for DGNX from currently 5% to 0,3%.

• The current tax on buys is: Marketing 1%, Platform development 1%, Backing 3%

• The current tax on sells is: Platform development 1%, Backing 3%, Burn 1%

The proposed new tax is:

• New tax on buys will be: Marketing 0,1%, Platform development 0,1%, Backing 0,1%

• New tax on sells will be: Platform development 0,1%, Backing 0,1%, Burn 0,1

Why should we lower the tax?

The DGNX ecosystem needs more volume. Volume is critical for the long term success and passive income streams. The current tax of 5% is too high to allow for swing trading and also for arbitrage once DGNX is launched on ETH, BSC and other chains. Besides that if DGNX taxes are low enough it can be used by aggregators such as Rubic or Layer Zero as intermediate cross chain token leading to even more volume.

Will we still have enough income for the project to keep development and marketing going with this low tax?

The assumption is that because of the low tax and possibilities for cross chain arbitrage, swing trading and intermediate cross chain token volume will increase significantly leading to an increase of overall tax income over time. Besides that currently the project wallets have significant amount collected. If insufficient income is collected for marketing and platform development a new proposal can be listed to increase the tax again.

Why should we do this now?

The launch of DGNX on ETH including the bridge is nearing fast. It is important to lower the tax before this launch to not scare away new investors on ETH and ensure volume and arbitrage from the start.