What About Taxes?
This is how FARGO handles transaction fees and its implications for token holders.
Last updated
This is how FARGO handles transaction fees and its implications for token holders.
Last updated
As you may already know, FARGO operates as a reflection token, meaning it automatically distributes 1% of transaction fees to all FRO token holders. This mechanism ensures that holders are continuously rewarded simply by holding FRO tokens in their wallets.
Now, let's talk about the other 1% transaction fee. This fee is directed into a dedicated . You might be wondering, what happens to the funds accumulated in this TAX wallet?
At the beginning of every month, all FRO token holders will have the opportunity to participate in decision-making processes regarding the allocation of funds from the TAX wallet. Through voting pools, holders collectively determine how to utilize the accumulated fees for the benefit of the FARGO ecosystem.
Whether it's rewarding holders with additional incentives, initiating token burns to decrease supply, or allocating funds for strategic marketing campaigns, your voice matters. Every holder has the power to influence the direction and growth of FARGO.
Join us in shaping the future of FARGO and maximizing the potential of our community-driven ecosystem. Together, let's make FARGO a symbol of innovation and prosperity in the crypto space.