Tax Usage

To ensure the long-term growth and sustainability of the SYNK ecosystem, a 5% buy/sell tax is applied to all transactions involving the SYNK token. This tax is strategically allocated to support key areas of the project, ensuring that both the platform and its community continue to thrive.

2% Marketing: This allocation is dedicated to promoting the SYNK platform. It funds marketing campaigns, including partnerships with key opinion leaders (KOLs), paid advertisements, and community initiatives. These efforts help to expand SYNK’s reach, attract new users, and raise awareness of the platform’s unique value proposition in the Web3 space.

2% Team: The team behind SYNK plays a critical role in maintaining and growing the platform. This portion of the tax is used to cover essential infrastructure costs and to compensate the developers, moderators, and other contributors who work tirelessly to ensure that SYNK remains secure, scalable, and innovative. By investing in the team, we ensure that the ecosystem continues to evolve and meet the needs of our users.

1% Staking: The remaining 1% is allocated to the staking pool, encouraging SYNK holders to actively participate in the ecosystem. This incentive not only rewards holders for their commitment but also contributes to the platform's stability. By staking their tokens, users help secure the network and, in return, earn rewards, creating a mutually beneficial system that fosters long-term engagement.

This tax structure is designed to balance the immediate needs of growing the SYNK platform with the long-term rewards for both the community and the core team. It ensures that resources are effectively distributed, supporting marketing initiatives, rewarding contributors, and maintaining the platform's sustainability, while also providing incentives for token holders to participate actively in the staking program.