2/2 Fee System
The introduction of a 2/2 buy/sell fee system within the 7DS ecosystem offers a strategic framework designed to benefit participants while ensuring the sustainability and growth of the platform. This fee structure, where 2% is charged on purchases and 2% of the coin being sold is deducted as a fee, serves multiple critical functions that enhance the value of participation and the rewards for end-game accomplishments.
Benefits to Participants
Stability and Sustainability: The 2% sell fee directly contributes to maintaining a robust and stable rewards pool for stakers and miners. In addition, the 2% sell fee discourages frequent or frivolous trading, reducing price volatility and speculative fluctuations. This stability attracts serious investors and participants who are more likely to engage deeply with the ecosystem, rather than those looking for quick profits.
Rewarding Long-Term Investment: The fee system is designed to encourage participants to adopt a long-term perspective when engaging with the 7DS Coins series. By imposing 2% Buy fee, it becomes more advantageous to hold onto one’s investments, thereby aligning participants’ interests with the overall health of the ecosystem. Long-term holders are likely to see greater returns on their investment as the platform matures and expands, particularly through the appreciation of their holdings and the accumulation of rewards from various staking and mining activities. Half of the Buy fee is sent to the Treasury, the Treasury is only available to participants who earn Pride Coins, sacrificing their Pride Coins via a burn mechanism allows for partipants to earn a percentage of the Treasury for each Pride Coin they sacrifice.
Reinvestment into the Ecosystem: The remaining Buy fee collected through this system are not merely removed from circulation; they are strategically reinvested into the ecosystem. This reinvestment takes various forms, including funding for continuous development, marketing to attract more users, and enhancing the future reward pools for end-game features such as the treasury and special events. Such reinvestment amplifies the quality and longevity of the platform, directly benefiting all participants.
Increased Rewards for End-Game Accomplishments
Enhanced Treasury Rewards: One of the most significant end-game mechanics is the ability to earn a percentage of the treasury rewards, which is funded in part by the transaction fees. As the ecosystem grows and the volume of transactions increases, the treasury becomes more substantial, directly enhancing the rewards participants can earn by achieving end-game objectives, such as through the strategic sacrifice of PRIDE coins.
Sustained Participation Incentives: The fees also support mechanisms that reward sustained participation. For example, higher rewards can be allocated to those who maintain continuous activity within the game, such as through staking/mining benefits. This system not only incentivizes ongoing participation but also makes the journey towards end-game accomplishments more rewarding.
Fair and Equitable Distribution of Resources: By redistributing part of the fees collected back into the ecosystem, particularly through reward pools, there is a fairer and more equitable distribution of resources among all participants. This distribution ensures that rewards are not solely concentrated among early adopters or large holders but are accessible to a wider range of participants who contribute actively to the ecosystem.
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