Tokenomics
Tax rates
5% - Marketing, Operations, DEX Liquidity
10% - Reflection Back to Holders: USDT (Tether)
5% - burned forever
Sell Tax Break Down: (20% Total )
5% - Marketing, Operations, DEX Liquidity
10% - Reflection Back to Holders: USDT (Tether)
5% - burned forever
Everburn launched on March 4th, 2022, with a 20% tax rate on the sell-side, and it reflects 10% of the tax to its holders in AVAX-wrapped USDT (Tether). The percentage of reward that gets distributed to our holders is correlated to the percentage of their holdings compared to the total circulating supply. For example, let us say you hold 10 million $EVB out of a total circulating supply of 1 billion. The 10 million holdings are equivalent to 1% of the circulating supply, so your share of the sell reward is 1%. Now let us say that the circulating supply drops to 800 million over the next few months because 200 million are collectively burned by the contract, and your share increases to 1.25% of the sell reward. The more tokens that get burned over time will increase your reward rate.
Math examples are based on a 10,000,000 (10 Million)
holding size. (holding size divided by circulating supply)
Exhibit A: 10 million / 1 billion = 1% of total supply
Exhibit B: 10 million / 800 million = 1.25% of total supply.
Reward burn example
In our example, let us say the volume of users who sold their $EVB in the last 24 hours equals $100,000 USD worth of coins. 10% is reflected back to its holders, so a pool of $10,000 USD in rewards is distributed based on the holdings' size percentage. In Exhibit A, a user with 10M holdings will receive $100 in USDT; in Exhibit B, the same user will receive $125 in USDT. These figures rise in proportion to the increase in volume. At the time, the $100,000 worth of sale volume was equivalent to 50,000,000 (50 million) $EVB tokens sold. With the burn rate set at 5%, 2,500,000 (2.5 million) $EVB would have been removed from circulation, leaving the new circulating supply at (997.5 million $EVB).
Decline Curve
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