Variable Buy/Sell Tax
By CoinGecko | Updated on Feb 21, 2022
Unlike fixed Buy/Sell Tax rates, variable tax rate allows contract owners to arbitrarily change the tax rate. This means it is possible for contract owners to maliciously set a tax rate of 100% once there is enough holder to effectively turn the token into a Honeypot scam.
Related Terms
Token Burn
An event in which tokens are verifiably removed permanently removed from circulation.
Limit Order / Limit Buy / Limit Sell
Orders placed by traders to buy or sell a cryptocurrency when a certain price is reached
Sim Swapping
It is a tactic where hacker overtake the mobile phone to exploit the two-factor authentication and two-step verification.
BUIDL
An advice for investors to contribute new projects on blockchain rather than holding cryptocurrencies and waiting for the price to increase
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