Variable Buy/Sell Tax
By CoinGecko | Updated on Feb 21, 2022
Unlike fixed Buy/Sell Tax rates, variable tax rate allows contract owners to arbitrarily change the tax rate. This means it is possible for contract owners to maliciously set a tax rate of 100% once there is enough holder to effectively turn the token into a Honeypot scam.
Related Terms
ERC-1155
ERC-1155 token standard allows each token ID to represent both non-fungible (NFTs) and fungible tokens which may have their metadata, token supply and other attributes.
Limit Order / Limit Buy / Limit Sell
Orders placed by traders to buy or sell a cryptocurrency when a certain price is reached
Wallet
Software client that handles storage of cryptocurrencies and allows users to send cryptocurrencies.
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
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