Setting up Taxes
Last updated
Last updated
Buy & Sell Taxes:
Here you can set the tax percentages that will apply to each buy or sell transaction of your tokens. The 'Buy tax' represents the percentage taken from each purchase transaction, while the 'Sell tax' applies to sales. These taxes are designed to provide a revenue stream that can be allocated to various functions such as project development, liquidity provision, or as rewards for token holders. Remember, the tax values you set here can only be reduced later; they cannot be increased above the initial value you set. Therefore, carefully consider the impact these taxes will have on trading behavior and the attractiveness of your token to potential buyers and sellers.
It is critical to set your initial tax rates with foresight, as these can only be decreased in the future, not increased. This policy is designed to maintain the trust of your token holders and traders by ensuring that the tax burden will not unexpectedly increase after they have invested in your token.
To facilitate the services provided by BankPad, an additional but minimal service fee is applied to the sell tax. This fee is transparently added to the total sell tax rate and is used to support the ongoing development and maintenance of the BankPad platform.
BankPad’s additional service fee is not permanent. It is automatically removed either 30 days after your token launch or when your sell tax is set to 0%. This removal is part of our commitment to supporting your project's growth and economic independence.
Tax Payout Address:
The 'Tax payout address' is the designated wallet that will receive the taxes collected from buy and sell transactions. This address should be a secure wallet managed by the project's team, where the accumulated funds will be stored for their intended purposes.
The button to the right of this field can be used to quickly auto-fill using the wallet address that is connected to the BankPad Dapp.
Treasury/Staking Payout Address (Optional):
In the 'Treasury/Staking' section, you have the option to set additional taxes that can be directed towards the project's treasury or a staking pool. This wallet address is separate from the tax payout address and is specifically for funds allocated to the project's treasury or for distributing staking rewards. By enabling this feature and setting the percentage, you can automatically funnel a portion of transaction taxes to this wallet, thus streamlining the process of funding your treasury or rewarding stakeholders.
The button to the right of this field can be used to quickly auto-fill using the wallet address that is connected to the BankPad Dapp.
