iBNB — the first Dynamic DeFi token to adjust its tax rates to maintain and update supply pools, based on existing transaction tax systems, used by a large number of existing DeFi tokens, by introducing a revolutionary new mechanic: Dynamic Tax Protocol.
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Description of the iBNB project
The Dynamic Taxation Protocol (DTP) is a revolutionary new mechanism that adjusts tax rates to maintain and update supply pools. DTP replenishes the liquidity pool and gives full priority to the reward pool when liquidity is normal.
To ensure that every investor receives a fair share of the reward, those with the highest claims contribute a small fraction back to the reward pool, relative to their claim. iBNB - the first token to introduce massive tax breaks for large merchants. The more an investor sells in a single transaction, the more tax will be charged on the transaction on top of the existing 10% transaction tax.
In addition, transactions that are expected to disrupt the financial health of the token are rejected in order to protect investors and maintain economic stability. IBNB's primary focus is on prioritizing reward pool replenishment as much as possible while maintaining a healthy amount of liquidity in the Pancakeswap trading pool to support itself during periods of high and low volume.
To achieve this goal, the token uses three methods:
| 1. |
Dynamic Tax Protocol (DTP). |
| 2. | Incentive contributions. |
| 3. | Whale fighting mechanics. |
Also, iBNB uses two methods to increase the price of the token and ensure its deflationary state over time. Since this is a community driven project, the iBNB team will listen to the opinions and concerns of the community. If the requested change gains support from the majority of the community, developers will be open to the idea of amending any such feature as long as it is beneficial to the long-term outlook of the ecosystem.
Additional information
The site has a WhitePaper document. Also, some information about the platform is available on the main page. The RoadMap section marks future updates.
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