Prize Pool & Tax
Relationship between tax and prize pool
Last updated
Relationship between tax and prize pool
Last updated
Each purchase carries a 3% tax, which contributes to the ever-growing prize pool, incentivizing participation and constant trading of $TICKET tokens.
No tax on sell. Only buy tax is 3%.
The prize pool's funds are collected in Ethereum (ETH), and the ticket rarities are strategically designed to ensure pool growth while enabling numerous users to get rewards through an ongoing cycle of claiming and accumulation.
We have designed the contract to collect tax in the form of $TICKET and using a TWAP style order mechanism embedded in the contract itself to buy back ETH. The main reason behind this design choice was to prevent unpredictable sell pressure on the token.
