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
Arbitrage
A strategy where investors buy a currency in a market and sell it at a higher price in another market to gain profit.
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
Shitcoin
A coin with no obvious potential value or usage.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
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