Variable Buy/Sell Tax
By CoinGecko | Updated on Feb 21, 2022
Unlike fixed Buy/Sell Tax rates, variable tax rate allows contract owners to arbitrarily change the tax rate. This means it is possible for contract owners to maliciously set a tax rate of 100% once there is enough holder to effectively turn the token into a Honeypot scam.
Related Terms
Node
Within the blockchain network, the nodes are computers that connect to the network and have an updated copy of the blockchain
Liquid Proof of Stake (LPoS)
A proof of stake consensus mechanism by Tezos that slightly differs from Delegated Proof of Stake.
Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
Pre-sale
A typically exclusive token sale event preceding a public ICO
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