Implemented 2% outflow tax to CORD-Sushi and CORD-BNB liquidity pools, to greatly accelerate tri-weekly CORD burns
CORD.Finance has upped the outflow tax to 2% on selling to CORD-Sushi and CORD-BNB liquidity pools (not buys or transfers). Since LPs are the primary mechanism by which bots profit from our ongoing arbitrage vis a vis CORD-Sushi and CORD-BNB, this will primarily affect bots, but greatly increase our rate of CORD burns. Reminder, tri-weekly CORD/VACC burn reducing supply permanently every 3 weeks.
Funds come from our very small (0.5%) tax on buys and transfers, a 2% tax on sales to CORD-Sushi and CORD-BNB liquidity pools, and a 5% tax on rewards. Tax revenues divided as follows.
· 25% burned, permanently reducing supply of CORD and VACC, which can never be minted. Over time, this means your stash will become more and more valuable as scarcity increases forever.
· 75% kept by team for development gas and redistribution to community via staking pools.
Contract for CORD on Binance Smart Chain (BSC)
Contract for VACC on Binance Smart Chain (BSC)
To buy or trade CORD-BNB on PancakeSwap V2, enter the BSC contract address of CORD in one of the PancakeSwap V2 exchange token fields, and select BNB in the other field.
To buy or trade CORD-Sushi on SushiSwap, enter the BSC contract address of CORD in one of the SushiSwap exchange token fields, and select Sushi in the other field.
To buy or trade CORD-VACC on PancakeSwap V2 or SushiSwap, enter the BSC contract addresses of CORD and VACC in the PancakeSwap V2 or SushiSwap exchange token fields.
The next tri-weekly CORD & VACC burning is set to occur during the next vault reset ~2 weeks from now. Keep an eye on the supply fellow CORDians, watch it drop every 3 weeks, and remember, new CORD cannot be minted.
- The CORD.Finance Team