INT Swapping & Understanding
Last updated
Last updated
Note: For accurate estimates, input token amounts, not ETH, and be mindful of the burn cycle on sells!
If you're using trading bots, make sure to input a correct amount of ETH to buy, or, like with Uniswap, select how many tokens you want to buy instead of ETH you want to spend IF LP BALANCE IS ABOVE 256 TOKENS
On a transaction that matches the guaranteed burn tax cycle, 1 token will always be taken as a burn tax no matter the amount that you sell. This means, that in order to sell a small amount of tokens (1, 2 or 3) you will either have to wait for someone else to sell to reset the guaranteed burn cycle, or set the slippage to a very high level (in case of 2 or 3 tokens sell).
Get more familiar with burn mechanics: /burn in Telegram
TO AVOID PRICE IMPACT WARNING
Input the amount of tokens you want to trade instead of the amount of ETH you want to spend. This will get you a more accurate estimates on a token with 0 decimals
0/5 tax with 4% going to burn. As there are no decimals, tax cannot be charged if the amount traded is less than 20 tokens. If you sell 20 tokens or more, you will pay tax.
As a counter to the tax evasion, there is a guaranteed burn tax every 2/4/8/16 sells, if LP balance is greater than 2048/1024/512/256. 1 token will be taken as burn tax no matter the amount being sold once the sell counter reaches the number needed. After this, sell counter will reset and the cycle will repeat.
If, for example, current LP balance is between 1024 and 2048 tokens, and the sell counter is on 4, the minimum sell amount will be 2 tokens, 1 of which will be takes as burn tax. So if you hold just 1 token, to sell it, you would need to either buy more tokens, or wait till someone else sells and thus resets the sell counter.
This mechanism is automatically turned off once LP balance becomes less than 256 tokens because the value of 1 token by that time will be too high and 1 token holders will become much common.
Every 8 hours or 1024 tokens in traded volume, 1 token gets nuked from LP if its balance is greater than 256. LP nuke acts as an additional deflationary mechanism and a force that slowly increases the floor.
