EngageX
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  1. ENGX Token

Tax Distribution

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Last updated 1 year ago

The ENGX token ecosystem incorporates a buy and sell tax of 5% on decentralized exchanges (DEXs). This tax structure is designed to contribute to the sustainability and development of the ENGX project. Here's a breakdown of how the collected taxes are allocated:

Tax Allocation Breakdown

  1. StakeBoost Program (20%): A fifth of all collected taxes is directed to the StakeBoost Reward Pool. This allocation is intended to reward users who stake their $ENGX tokens, incentivizing long-term holding and participation within the ecosystem.

  2. LiquidBoost Program (20%): Similar to the StakeBoost Program, another 20% of the tax revenue contributes to the LiquidBoost Reward Pool. This fund rewards users who provide liquidity, ensuring the ecosystem maintains healthy liquidity levels across various decentralized exchanges.

  3. Treasury (20%): This portion of the tax is allocated to the treasury fund, which is crucial for the platform's ongoing development and enhancements. These funds are used to cover operational costs, further development of the EngageX ecosystem, and to ensure the long-term sustainability of the project.

  4. Marketing Flywheel (40%): The largest share of the tax, 40%, goes towards the Marketing Flywheel Fund. This strategic investment is aimed at driving growth and adoption of the EngageX ecosystem through our Quest platform and other marketing initiatives. For more details on the Marketing Flywheel Fund and its operations, click here.

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