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Replies to #180 on SmartDeFi Tokens
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BurnIT

05/02/22 5:25 PM

#184 RE: Norgy #180

Its kinda hard to wrap head around it, but they dont take, they just spread it out to remaining holders as a reward. So you can basicly leave your initial investment and sell only thise reflections you get, as form of pasive income. That is if you plan to hold some time. Another benefit is that people dont sell of easly so not that volatile as usual small caps. (Praticly need double to get even)

But again, if you are in trade for short term you can get in by SmartSwap, no reflection tax but you dont fet rewards, you only play for market price raise.
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xZx

05/02/22 5:25 PM

#185 RE: Norgy #180

good to be back, norgy. the tax on buys can be entirely avoided, just by owning .001 ROX token in the wallet you're using for purchases.

at today's price, that .001 ROX costs less than $9.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168726388

https://beta.fegex.com/charts/details/bsc/0xa3D522c151aD654b36BDFe7a69D0c405193A22F9

the sell tax can't be avoided, but i think FOOK can run to hundreds of dollars per token near term, and eventually might high thousands of dollars per token.

so i'm not concerned about the sell tax.

and it's possible that could be tax deductible as a trading fee, too. can't say for sure yet, as tax laws are constantly changing, and IRS rules for defi are in flux, but logic says it's a commission.

another thing to consider is not all SD tokens have high taxes. some have barely any.