Tokenomics
Last updated
Last updated
Currently, our tax is currently 6% on each buy or sell transaction. This rate is the lowest across DeFi 3.0 projects.
2% of each buy/sell goes to existing holders via Reflections.
4% of each buy/sell goes into Multi-Chain Farming to add to the Yield Farming Treasury and support buy backs of $MCC tokens.
Another important feature of our tokenomics is that $MCC is a hyper-deflationary token. We made this possible by initially sending 35% of the total supply into a “Black Hole” address which will forever compound, thus increasing the burn rate.
Specifically:
1) tokens set to the Black Hole address can never be taken out because no user has the private keys to this .
2) the reflections will continue to compound in this wallet, removing more and more tokens out of circulation.