The triple vault tax breakdown
The Blocvest system on the surface may seem a little complicated but once you get your head around it and how the tax is broken down you will soon see how clever and sustainable it really is.
Here you will find all you need to know about the tax for BVST token and the triple vault system.
Blocvest Token Buy & Sell Tax.
The BVST Token has a 10% tax as standard when you purchase the token. This tax is used in the following way 5% to the shareholders vault, 2% to the liquidity pool, 2% to BLVT our ecosystem Governance token and 1% to development
The system also has a treasury contract which collects micro fees from every transaction within it. This fee is set to .35 cent on every function you call while in the vaults. This fee is sent directly to the BVST Treasury where it is accumulated to perform buy backs or add to liquidity where or when needed.
Each vault in the system offers different rewards based on how participants choose to use them.
Individual vault tax & use breakdown
50% of the buy and sell tax from BVST Token create the rewards for this vault.
This Vault has a zero % tax on entry or exit.
All movement withdrawals etc are subject to the platform sustainabilty micr fees.
Participants in this vault are locked for 3 months.
Rewards from this vault are paid out monthly in BUSD.
Deposits to this vault remain at the value deposited for the full lock period.
If you top up ypur holdings within the three month period a new three month period is activated.
The Accumulator Vault rewards in BVST Token
There is a zero % tax on entry & exit from this vault
Participants can choose to lock weekly, by weekly or monthly
Weekly reward 5% – By weekly reward 10% – Monthly reward 20%
The Accumulator is a Dollar value Vault and does not track token price
Transactions into and out of this vault etc are subject to the sustainability micro fee.
EXAMPLE: Deposit $100 of BVST (choose weekly 5% payable) When you deposit your second $100 worth of BVST you can claim the 5% reward. Rinse repeat and enjoy.
All BVST Tokens entered into this vault are permanently Locked
Earn 0.5% Daily base rate by compounding your tokens in this vault. Participants can boost there daily percentage up to 1.5% daily with the use of the NFT Boost. (See Boost Here)
Depostis withdrawals and compounds are subject to 10% tax in this vault but claims should be managed in a controlled manner to ensure participants do not incur the bad actor tax.
Compound 6 days claim 1 = 10% tax / Claim a second time in a seven day period & your second claim will incur a 50% bad actor tax.
Participants have 365 claims total from this vault when the tokens are locked. You can add tokens to the vault at any interval.
All transactions, compounds withrawals etc are subject to the sustainability micro fee on this vault.
When you sell BVST = 10% Tax
Shareholder Vault Claim = 0% Tax
Accumulator Vault Claim = 0% Tax
Trickle Vault Claim (6/1) = 10% Tax
Trickle Vault Claim (6/2 & above) 50% Tax
All Claims also incur the sustainability micro fee
Wallet To Wallet Transfers = 0% Tax
If you have reached this stage in the Trickle Vault well done and im sure you dont really mind what the tax is.
A 50% TAX WILL APPLY TO ALL CLAIMS IF THE PARTICIPANT HAS EQUEL TO .85% OR HIGHER THAN 1% OF THE LIQUIDITY POOL
Vault Disclaimer
When you participate within the Blocvest vaults you do so entirely at your own discretion. Please conduct adicute research and read all of the available information. Crypto currencies and projects carry no guarantees and you should not take on unnecessary financial risks. Material published by Blocvest should not be considered as financial advice.