Whitepapers
Globiance
Globiance
GBEX
$0.0000000676
0.72 %
Published1/12/2022
Last UpdatedSeptember 2022
Page22
Verified
GBEX, a deflationary token For the first time, an exchange token has been designed in a deflationary way. To start with there is the daily tax-and-burn: for every transaction Globiance collects 4% tax, from which 2% goes into the user rewards and the other 2% are burned. With this tax-and-burn model, collecting a 4% tax on each transaction (2% burned and the other 2% distributed among the other holders), the supply decreases on a daily basis, while the holders are rewarded with more tokens.
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