Moonlight Bar
  • Moonlight Bar
  • RoadMap
  • RUM TOKEN
    • Rum Token
    • Fair Launch
    • Farm & Pool Info
    • Emission Reduction
    • Contracts
    • Burning Mechanism
    • Harvest Lock
    • Anti-Whale
    • Referral Program
  • Cold Beer Token
    • Cold Beer Token
    • Presale
    • Emission Reduction
    • Contracts
    • Burning Mechanism
    • Harvest Lockup
    • Anti Whale
    • Referral Program
  • SECURITY
    • No migrator code
    • Timelock
    • Emergency Withdraw
    • Audits
  • BuyBack & Burn Record
  • Social Account
Powered by GitBook
On this page
  • Passive Transfer Tax Burning
  • Buyback Fund
  • Deposit Fees

Was this helpful?

  1. Cold Beer Token

Burning Mechanism

PreviousContractsNextHarvest Lockup

Last updated 4 years ago

Was this helpful?

Passive Transfer Tax Burning

According to our tokenomics design, each transfer must pay a 6% transfer tax. All the transfer tax will be burned (sent to the black hole address) immediately.

Black Hole Address:

Buyback Fund

  • We plan to set up a Buyback Fund for regular buyback and burning cBEER tokens.

  • The fund consists of two sources: Initial liquidity from pre-sale & deposit fees.

  • Every time TVL increases by $5M, we will inject money into the fund.

  • Buyback happens every 12 hours and will use 7.5%-15% of the fund each time.

  • You can check the current fund balance on the homepage.

  • We will post all the buyback & burn record on the "Buyback & Burn Record".

  • Check the following chart for buyback details.

Deposit Fees

  • 4% deposit fee will be charged at staking.

  • Buyback Fund will be added every 5M TVL.

  • 35% of the deposit fee (4%) will be allocated to add into Buyback Fund.

  • 50% of the deposit fee (4%) will be allocated as a dev & emergency fund.

  • 15% of the deposit fee (4%) will be allocated for airdrop and marketing.

    .

0x000000000000000000000000000000000000dEaD