I really ask myself how dumb some peole can be.
What defines the value of a blockchain ?
2.projects on the blockchain
4.Income (outside of its default coin)
So people think adding a 1.2% is going to increase the value of lunc ?
How can a 1.2% increase the value of a blockchain if
1.It won’t grow community
2.Projects will leave because of that high tax
3.Activity on blockchain will decrease massivly because who wants to pay each time 1.2% of his coins when making a transaction.People will just hold their coins on cex and do no more transactions at all
4.Income is not outside of default coin which means you add in reality no value to it.You are just manipulating the price per coin but the marketcap won’t move at all.The only winners will be the speculators who are not moving or using the blockchain
5.Trading volume will massivly decrease because arbitrage bots which generate majority of volume will massivly decrease its volume with a 1.2% transaction cost.Just count yourself how high the arbitrage needs to be so a trade will be executed.Moving from one cex to bridge.Bridge to dex.Dex to bridge.Bridge to cex.
You are killing your own coin and for what exectly ?To manipulate numbers ?
Where is the diffrence when everyone is holding if you have 10 out of 100 coins or 100 out of 1000 coins.It makes no diffrence and you create with this tax completly NO VALUE
ALL YOU DO is benefit speculators who want to make a quick buck who won’t use the blockchain and who will leave a de.ad blockchain and nothing else.