Dear Steppers,. We would like to announce a small update in the transaction taxes allocation.
30 Oct 2022, 16:58
Dear Steppers,
We would like to announce a small update in the transaction taxes allocation.
Rather than change the transaction taxes amount depending on market conditions, like it happened in the past, we will just make the % allocation between marketing wallet and rewards pool dynamic.
What does this mean?
Depending on market conditions and amount of users to reward daily, we will move up or down the % of the transaction taxes dedicated to the reward pool, keeping in mind that the % allocated for rewards will never go lower than 40% of the DEX transaction taxes collected.
This is also a necessary move in sight of the coming referral program, that will redistribute part of the marketing wallet transaction taxes to people that refer new Step users.
Transaction taxes remain at 10% for buys and 10% for sells.