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Fourmeme has started an automatic dividend distribution feature, previously requiring manual processing. Sounds impressive, right? A major update, right? Actually, let me tell you, this is something we've been doing since 2021. Previously popular tokens had taxes of over 20%, meaning if you bought 100 USDT, received around 70 USDT, and immediately sold it at the same price, you'd only have about 60 USDT left. One buy and one sell, no action required, and you'd lose around 40%. Some tokens had taxes as low as 10%. For example, #DOGEKING had a 13% tax, making a bunch of people rich overnight. And #BABYDOGE, now listed on BN spot, has a 10% tax on a one-way transaction. The resurgence of tax-based tokens is indeed helpful to the market. Why? Back then, due to high taxes on cryptocurrencies, there were fewer opportunities for short-term trading. To profit from such trades, the price needed to drop at least 50% to accumulate more tokens. For a continuously rising token, most people lacked the technical skills for this, leading to a frenzy surrounding MEME tokens at that time (of course, the abundance of money and participants in the market, coupled with a limited number of tokens, was also a significant factor). There were no one-click token issuance tools back then; you had to write your own code or buy a pre-defined code to copy and paste during issuance, or use platforms like the Pink Pre-sale. I remember issuing one token costing around 1 or 2 BNB. At that time, BNB was at a high of over 600 USDT, increasing issuance costs and naturally reducing the number of low-quality tokens. Tax-based cryptocurrencies could change the current landscape for traders, offering some benefits to high-end traders. However, a 1-3% tax is practically useless; you need a large tax, starting at 10%, which would eliminate opportunities for short-term trading. Back then, what everyone liked most was dividend-paying tokens, specifically those that paid dividends in their own currency. This was because if you bought a truly powerful token at the bottom, the dividends would be incredibly high (because the value of a dividend-paying token increases as the price rises).

Four.meme-華語
@fourdotmemezh
Update on Tax Token Dividends Upgrade⚙️ Tax Token dividends are now automatically distributed, with the following conditions: • Dividends will only be distributed once accumulated rewards reach a value of 1,000 USD • Distribution runs once per day at 00:00 (UTC+8) ⏳ Tokens
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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