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Transaction Tax
The helper contract on our website must be used for LP token formation to be exempt from transaction tax!
Snowcat has instituted an 8% Transaction Tax on sending SCAT tokens to LP pairs! This tax incentivizes holding by redistributing tokens from sellers to holders. Therefore, we refer to it as a selling tax! This tax also keeps rewards flowing to SCAT stakers even after all token supply expansion has stopped!
- Sending SCAT to any LP pair carries an 8% transaction tax
- The helper contract on our website must be used for forming of SCAT/DAI LP tokens to be exempt
- Taxed SCAT is redistributed proportionally to all SCAT stakers during rebases
- Other SCAT transactions carry no transaction tax
The transaction tax mechanic charges an 8% penalty for selling SCAT that is redistributed proportionally to all SCAT stakers!