MVX Rewards technology
Last updated
Last updated
The MVX is a deflationary Token, meaning that grows over time based on the transfers and exchanges happening on both DeX and CeX.
The Smart contract applies a 3% commission on every transaction/exchange/swap (additionally to the other 3% applied for the "keeperfee") and gets then redistributes live to the MVX Holders. This fee is called "TaxFee" and gets accumulated and re-distributed as reflections based on the weight of the holdings of each token holder relative to the total supply of the Token itself.
See more on our smart contract: https://bscscan.com/token/0x10C9524DBF934B3B625Dce3bDC0efdc367F4E84b#readContract
TaxFees cannot be increased as it's written on our smart contract:
uint256 private constant MAX_TAX_FEE = 3;