Automatic Burns
There is a 14% Transfer Tax out of which 10.08% will be burned.
It is important that farming tokens have a high burn rate to offset the tokens that are being farmed. This is why we chose to do allocate the majority to burns instead of having reflections because one earns rice through farming. Each transfer of RICE must pay a 14% transfer tax. 72% of the tax (10.08% of the 14%) will be burned immediately to help reduce the supply.
The team plans to add other burn mechanisms on top of this with the goal of reaching a 40% burn rate.
Last modified 3mo ago
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