ViewMynte employs a strategic 3% tax system designed to enhance token stability, liquidity, and market presence. This comprehensive tax mechanism comprises three key components that work together to create a balanced and sustainable ecosystem.
π° Tax Structure Overview
Total Tax Rate: 3%
Burn Fee: 1% (permanently burned)
Auto-Liquidity: 1% (added to liquidity pool)
Marketing Fund: 1% (allocated to marketing wallet)
Tax Exclusions
Owner Address - No fees on transfers
Tax Wallet - No fees on transfers
Contract Address - No fees on transfers
Router Address - No fees on transfers
π₯ Burn Mechanism (1%)
How It Works
ViewMynte's auto-burn mechanism burns 1% of every buy, sell, or transfer transaction, as it's coded into the token's smart contract on the BNB Smart Chain (BSC).
Transaction Types
DEX Transactions
On DEXs like PancakeSwap, ViewMynte transactions occur directly on-chain, triggering the smart contract's auto-burn mechanism.
Every buy, sell, or transfer burns 1% of the tokens involved, reducing the circulating supply. This is straightforward, as DEXs interact directly with the blockchain.
CEX Transactions
Centralized exchanges like Binance, KuCoin, or others typically handle transactions off-chain within their internal systems.
When users trade ViewMynte on a CEX, the exchange updates its internal ledger rather than executing each trade on the BSC blockchain.
This means the 1% auto-burn mechanism is not triggered for individual user trades on CEXs, as these transactions don't directly interact with the token's smart contract.
Instead, the exchange holds a pool of ViewMynte tokens in its wallets, and only withdrawals or deposits (on-chain transfers) would trigger the burn.
Impact of CEX Listings
While CEX trading itself doesn't directly cause burns, listing on top-tier exchanges could still indirectly accelerate the burn rate.
Deposits/Withdrawals: When users deposit or withdraw ViewMynte to/from a CEX, these are on-chain transactions that trigger the 1% burn.
Exchange Wallet Management: If the exchange moves large amounts of ViewMynte between its hot/cold wallets or to liquidity pools, these transfers could also trigger burns.
Increased Adoption: Listings on CEXs often boost visibility and trading volume, potentially increasing on-chain activity (e.g., more users transferring tokens to/from exchanges), which would lead to more burns.
Burn Statistics
Burn Benefits
Reduces Total Supply - Permanently removes tokens from circulation
Increases Scarcity - Fewer tokens available over time
Price Support - Reduced supply can support price appreciation
Automatic Process - No manual intervention required
Burn Address
All burned tokens are sent to a designated burn address (0x000000000000000000000000000000000000dEaD) where they are permanently removed from circulation and cannot be recovered.
π§ Auto-Liquidity System (1%)
How It Works
The auto-liquidity system automatically adds 1% of every transaction to the liquidity pool, ensuring sufficient market liquidity and price stability.
Key Features
Automatic Addition - No manual intervention required
Smoother Trading - Better trading experience for users
Market Depth - Increased order book depth
Reduced Slippage - Lower price impact on large trades
Liquidity Pool Management
Expected Liquidity Growth
π Marketing Fund (1%)
How It Works
The marketing fund receives 1% of every transaction, providing continuous funding for promotional activities, partnerships, and community engagement initiatives.
Fund Allocation
Community Rewards - Incentivize user participation
Marketing Campaigns - Social media, influencer partnerships
Partnership Development - Strategic collaborations
Tax Collection Rate: 3% of all transfers
Burn Efficiency: 1% permanent supply reduction
Liquidity Growth: 1% continuous pool expansion
Marketing ROI: Measured by community growth