Buy & Sell Tax
On the Ethereum Network (ETH), Uniglo is the next generation of social reflection currency. It is the first social currency to optimize its treasury appreciation for its user's profits both now and in the future.
The Buy/Sell tax is applied for a few key reasons:
We understand that the current cryptocurrency market is still in its infancy. Therefore, it's very prone to volatility especially being a new project. The tax allows the team to always have a treasury that regenerates, continuing development and acquiring asset opportunities regardless of the current market conditions.
The Treasury has been created by and for the community. As the Treasury grows, it will in turn, allow us to contribute more funds to our Vault's buying power, whose rewards will be felt by the community with our "Ultra Burn" events.