Taxes & Fees
Meme Royale implements various taxes and fees to incentivize positive behavior and create exciting gameplay dynamics. Understanding these is crucial for effective trading.
TLDR:
Standard trading fee: 1% on buys and sells
In-battle "Chicken Tax": Dynamic, minimum 10% on sells
Post-battle "Dirty Dump Tax": Starts high, decays over time
Taxes are used to deter dumping and to benefit remaining holders
In-Battle "Chicken" Tax 🐔
Purpose: To discourage selling during battles and reward those who hold strong.
Applied to sells during a battle
Dynamically calculated to nullify gains from the battle pump
Minimum 10% tax, even if the coin's price has dropped
Proceeds accrue in a pot during the battle
Battle pot is used for a buy-and-burn after settlement, benefiting those who remained in the battle
Post-Battle "Dirty Dump" Tax 💩
Purpose: To prevent immediate dumps after battles and distribute gains more evenly among holders.
Applied after a battle to discourage immediate dumping
Starts high and decays over time (1-60 minutes, based on price elevation)
Proceeds used for immediate offsetting buy-and-burn
Tax Calculations
In-battle tax nullifies gains from the battle pump
Post-battle tax starts by nullifying a high percentage of gains and decreases linearly
If both in-battle and post-battle taxes apply, the higher one is used
Trading Fees
1% fee on both buys and sell trades
This fee is used for protocol maintenance and development
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