Safety and scamsIntermediate
Buy and sell taxes on tokens
Some token contracts take a percentage of every buy and sell and send it to a set wallet.
- What it means
- A tax lowers what you get on each trade, and in some contracts the owner can raise it later; a very high sell tax works almost like a honeypot.
- What to watch
- The current buy and sell tax, whether the owner can change it, and whether the code sets a maximum.
- How Compass-Alpha uses it
- Background only; not used in any figure on Compass-Alpha.
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