NEKO taxes balance high emissions via deflationary token burns and recycled rewards
NEKO is the first on NEAR Protocol to implement a tax on transactions! The NEKO tax is programmed in the token metadata. NEKO holders benefit from substantial ecosystem rewards including farming, learn to earn, content creation and more. The tax on NEKO when sold balances these inflationary rewards to facilitate a sustainable environment that NEKO can flourish in.
Traditional tokenomics models are often missing a fundamental economic component; balance. High token emissions are seen as a marketing tool instead of the silent killer which inflation is known to be. The NEKO tax reduces the inflationary burden on NEKO by using existing token supply to reward emissions to holders. In return for the tax, users receive high amounts of NEKO emissions from the liquidity allocation.
The tax directly benefits NEKO holders in two ways: rewards and deflationary burning.
2.5% (half) of the NEKO tax is burned; creating a highly deflationary mechanic that reduces token supply.
The remaining 2.5% NEKO tax is deposited into the Fortune Cookie Vault where it is rewarded to staked Fortune Cookies (COOKIE). Users must bake their NEKO into COOKIE via the Fortune Factory to earn the NEKO taxes.