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ElonBank Buy and Sell Fees
ElonBank buy and sell fees are an important component of the project. They provide capital for performing critical functions to the protocol as explained in relevant sections of this document.
The amount of the fees (14% for buys and 16% for sells) allows ElonBank to provide ELONBANK holders with a stable high yield of 400,977% annually.
Buy:
4.0% - LP 5.0% - EBR 2.5% - EBT 2.5% - Burn Pit
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Sell:
4.0% - LP 5.0% - EBR 4.5% - EBT 2.5% - Burn Pit
Placement:
  • LP - Trading fees support the liquidity of the BNB/ELONBANK pair on PancakeSwap, ensuring that ELONBANK's collateral value continues to rise.
  • EBR - Trading fees are held in the ElonBank Reserves (EBR), which helps to sustain and support the favorable rebase staking incentives.
  • Treasury (EBT) - Trading fees go straight to the Treasury, which supports the EBR, provides ElonBank with a marketing budget, and pays new product development.
  • Burn Pit - While trading ELONBANK, 2.5% of it is burnt within the Burn Pit. The more that is exchanged, the more that burnt, leading the Burn Pit to expand in size, greater and larger by self-fulfilling Auto-Compounding, limiting circulating supply and maintaining the ELONBANK Price. The other advantage of an everlasting circulating supply burn is that, because of its deflationary nature, it correlates to a larger value of each ELONBANK token, therefore boosting the individual value.
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