This Deflationary Memecoin Does Not Use Transaction Tax – How Does It Work?
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TAMA has deviated from the norm and will not impose a transaction tax. What does this service mean for investors, and how does it operate?
Deflation is one of the biggest selling points for any cryptocurrency. Many digital assets have looked to emulate Bitcoin and incorporate the deflationary model. As the laws of Economics go, an asset becomes more valuable as its circulating supply decreases.
Deflationary assets have already incorporated the transaction tax, including Luna Classic (LUNC) and Battle Infinity (IBAT). However, the developers of Tamadoge have stated they won't follow suit.
In a tweet shared earlier this week, they explained that they would not add a transaction tax to TAMA.
As they pointed out, the desire is for TAMA’s primary utility to come from the Tamadoge game itself, not the traders who trade the TAMA token night and day. So, all trades will be transparent, and no taxes will be imposed.
TAMA is the native token for Tamadoge – a blockchain gaming platform requiring players to purchase non-fungible tokens (NFTs) representing digital pets. The idea here is for players to buy these pets, groom them, and use them to battle those of other players. The more battles players win, the more TAMA tokens they get.
Besides playing the game, Tamadoge allows players to win by organizing competitions and initiatives where they can earn. The entire point is for players to be able to win and make returns.
After having one of the most impressive presales on the market, TAMA has now been listed on several centralized exchanges. A few weeks ago, it completed its listing on Hong
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