🪙Tokenomics
Know Your Coin
Last updated
Know Your Coin
Last updated
With the founding of the project, we created the swissnftfund coin. This is an ERC-20 token on the Ethereum Blockchain with a number of 1,000,000,000 coins, that will be scarce over time due to buybacks resulting from sales from the Fund Wallet. We buy in bear market, we sell in bull market and we make everyone profit from the sales.
Get all the information about the contract via the link below.
With each purchase as well as sale of the coins 10% taxes are due. This 10% consists of 8% fund taxes and 2% collective taxes. The collected Fund Taxes are kept in the Fund Wallet and finance the future NFT purchases. The 2% Collective Taxes are immediately distributed to the coin holders on a percentage basis.
We will illustrate the whole process with an example purchase of 1,000,000 coins:
1,000,000 x 0.08 (Fund tax) = 80,000 = ETH worth 80,000 coins goes into the fund wallet.
1,000,000 x 0.02 (Collective tax) = 20,000 = Number of coins will be distributed to the holders on a percentage basis. -> If you hold 1% of the coins, the number of your coins would increase by 200.
In this way we make sure that every purchase or sale serves the project and holders are rewarded for holding their coin.
