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
Kimchi Premium
The kimchi premium is the price difference between South Korean exchanges and other global exchanges for bitcoin.
Decentralized
A system where there are no centralized points of failure or organization with no central authority figure.
Microtransaction
Microtransaction is a system that made very small payments possible in buying the common digital goods and services, such as purchasing items in a game.
IEO
Initial Exchange Offering (IEO) is a spin-off of Initial Coin Offering (ICO), where the sale of tokens are conducted on an exchange rather than by the coin team themselves.
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