GM Tokenomics Announces 6% Transaction Tax on Trading

Understanding GM Token's Transaction Tax and Community Impact

The GM token, developed by the innovative gm.ai project, is set to introduce a 6% transaction tax on both purchases and sales. This decision has stirred conversations within the community, prompting the project's founder, Dexter, to step in and clarify the rationale behind the transaction tax.

Tax Transparency and Community Engagement

Dexter addressed community concerns regarding the implementation of this tax. He emphasized the importance of transparency, ensuring that all funds generated from the tax will be strategically reinvested into liquidity on the Meteora platform. This move aims to bolster the token's stability and enhance user experience.

Phased Approach to Transaction Taxes

The initial phase of the tax will only be applicable on decentralized exchanges (DEX). However, a significant update is that this transaction tax is expected to be lifted a few weeks post-listing on centralized exchanges (CEX). This phased approach allows for adjustments based on the token’s performance and community feedback.

Staking Plan: A Gamified Approach

In addition to the transaction tax, gm.ai is also rolling out a staking plan. This feature will enable users to hold onto their GM tokens until the tax is lifted. By participating in the staking initiative, users will not only contribute to liquidity but also enhance their token holdings, making it a potentially lucrative scenario.

A Gamified Strategy for Users

The described approach has been labeled as a gamified strategy, reflecting gm.ai’s commitment to engaging its community while providing them with benefits. As users navigate through this new system, they will be actively involved in the growth and development of the token's ecosystem.

Conclusion

The implementation of a transaction tax and the introduction of a staking plan are strategic moves by gm.ai to create a more robust marketplace for the GM token. With transparency at its core, the project aims to build trust within its community while enhancing liquidity and user involvement in the token's development.