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Eat Beans tax
Day 1 – Eating Beans incurs 90% Tax (0-24 hours)
Day 2 – Eating Beans incurs 80% Tax (25-48 hours)
Day 3 – Eating Beans incurs 70% Tax (49-72 hours)
Day 4 – Eating Beans incurs 60% Tax (73-96 hours)
Day 5 – Eating Beans incurs 50% Tax (97-120 hours)
Day 6 – Eating Beans incurs 40% Tax (121-144 hours)
Day 7 – Eating Beans incurs 30% Tax (145-168 hours)
Day 8 – Eating Beans incurs 20% Tax (169-192 hours)
Day 9 – Eating Beans incurs 10% Tax (193-216 hours)
Day 10 – No Loss incurs | Standard fees (216-240 hours)
Day 11 – Resets back to Day 1
Note 1: Only "Eat Beans" will reset your timer. New deposits and compound will not interrupt it. Taxes will be fully distributed to the community or used for external revenue building.
Note 2: To keep the longevity of the contract, each time you "Eat Beans" your daily rewards will be reduced by 0.5%. This will encourage users stay longer in the contract and attract more investors. At anytime, you can deposit an amount >= 1/2 your last ate amount to increase it back by 0.5%.
- For example: On the 10th days you ate (withdraw) 10 LP. So your daily rewards is reduced from 3% to 2.5%. To get it back to 3%, you can deposit 5 LP back to the pool at anytime.
Note 3: Compound fee is equal to 1 withdrawal and 1 re-deposit, the different is all of these fees will stay in the contract to make it live longer.
Note 4: If a user is not active ( no deposit, no compound, no withdraw) for a full 10 days he/she will not get any more than 10 days of rewards.
Last modified 1mo ago