Tax Break!
Patrons! With the release of the Liquidity Provider fuel tanks, we will be implementing changes to the taxes on all token transactions to reward you even more!
Because Liquidity Provider Dual Fuel Rewards have a burn fee of 1% , we see that it is only fair to reduce our GAS Token Liquidity Burn Fee by 1%!
But we don’t want that 1% out of the equation, so no better place to put it than back in your pocket! All Gas Reward Rates will be increased by 1%, bringing us to 8% Gas Reward Rates!
We will monitor over-time the amount of burned liquidity in comparison to the overall total, and when goals are met, we will further reduce the GAS Token Liquidity Burn Fee and Increase the Gas Reward Rates!
A Schedule of Burn Fee Reduction/Gas Reward Increase:
- Right Away, 1% cut from the GAS Token Liquidity Burn Fee, 1% Added To Gas Reward Rates = 4% Burn | 8% Rewards
- When 40% of Total Liquidity is burned; 1% cut from GAS Token Liquidity Burn Fee, 1% Added To Gas Reward Rates = 3% Burn | 9% Rewards
- When 55% of Total Liquidity is burned; 1% cut from GAS Token Liquidity Burn Fee, 1% Added To Gas Reward Rates = 2% Burn | 10% Rewards
- When 70% of Total Liquidity is burned; 1% cut from GAS Token Liquidity Burn Fee, 1% Added To Gas Reward Rates = 1% Burn | 11% Rewards
Legacy Tanks
Thanks for participating in the first week of Fuel Tanks. This was a trial run to see how Patrons would respond to the rewards from Fuel Tanks, and we think it was very successful! Because we are transitioning into the official long-term Fuel Tanks we will be transitioning the First Three (3) Fuel Tanks into Legacy Tanks.
At the time of writing:
- The GAS > USDC Tank has expired.
- The USDC > GAS With 5% Fee Will End on the Start Block of the new Fuel Tanks.
- The USDC > GAS With 0.05% Fee Will Have Emission Reduction of 90% when the new Fuel Tanks have launched.
The Gas Station is a Multichain Ecosystem with Gas Rewards for Token Holders, NFTs & NFT utility, Bridging Services, & More!
Find all of our links in one place here: https://linktr.ee/GasStationCrypto
