BurnIt Token (BURNIT)

[BurnIT]

SmartSwap, trade hig tax tokens without taxes!

Do you know about SmartSwap? Do you know that you can trade SmartDefi tokens without reflections tax?

Yes, it is possible to swing trade BurnIt!!

SmartSwap is one of the best advantages of FegEx but one of the least known:

- Trade without reflections tax (enter and exit SmartSwap with fBNB)
- Send funds from one wallet to another with increased privacy
- Faster Transactions: Trades in SmartSwap take less time than a typical transaction on an exchange.
- Insured from Honeypots on non SDtokens: Users can always sell their tokens as long as they were bought and stored inside SmartSwap
- Reduced Gas Fee: The gas fees for trades in SmartSwap are cheaper by as much as 40%.
- With BurnIt we did not go with maximum values for Asset Backing tax to allow relatively attractive swing trading to traders using SmartSwap

Trading high tax tokens with SmartSwap gives you a big advantage over others in short-term trading when you are not interested in earnings through reflections.
(Also will be interesting one day to see tax treatment on SmartSwap gains, because there is no actual transfer of funds from contract to wallet, like a real transaction, instead it is just adjusting your balance inside the contract.)

So how to trade with SmartSwap?


1. First of all, it will be necessary to wrap the BNB, ie replace the BNB with fBNB. We do this by going to Fegex, selecting the fWrap tab and fBNB. After that we have the option where we choose how much BNB we want to convert to fBNB. (Always leave some BNB for gas cost)


2. After that, on the exchange tab, select the 1.SmartSwap tab where you need to 2.select the BurnIt token as the desired trade and make a 3.deposit fBNB by clicking on Deposit / Withdraw. After that we are ready to trade as with a normal swap


3. We can now trade between BurnIt and fBNB as much as we want without reflections tax. When selling BurnIt, SmartSwap will show you a smaller amount than you will actually get, the calculation shown will be as if tax is calculated but in reality you will receive the full amount when selling, probably they need to do a UI update by FegEx


4. Take a note of your SmartSwap holdings because tokens will not be shown in your wallet until you exit SmartSwap and unwrap you fBNB

5. Always enter and exit SmartSwap with fBNB

6. You can send fBNB among other tokens to trade with S2S option or you can send funds discretly to another wallet with P2P option


SmartSwap trading allows investors to invest more and faster without the risk of loss from reflections tax, and the tokens holders benefit by increasing the trading volume and speeding up Asset Backing and Liquidity pool fill