"burning" mechanics work like that:
20% of the total revenue earned by Crypterium from all payments at Crypterium’s partner outlets
and via is payment solutions equal to 0.1% of turnover, will every month be used to purchase CRYPT
tokens and will be burnt.
Hi again!20% of the total revenue earned by Crypterium from all payments at Crypterium’s partner outlets
and via is payment solutions equal to 0.1% of turnover, will every month be used to purchase CRYPT
tokens and will be burnt.
Just wonder about burning mechanic legality.
How do you suppose to turn your revenue into source of funds for token-burning? I mean, whenever you lower your revenue it is a clear signal for any tax-authority that you are lowering your tax base and will lead to some serious troubles.
And some correction on the burning mechanics which is described in the current wp (https://crypterium.io/wp) - section 8.7.1 Decentralised Fuel To Power The Engine.
It's slightly different. From every customer payment made via the Crypterium Cryptobank, a small transaction charge of 0.5% will be applied to that payment which in turn will automatically be used to purchase CRPT from the open market and subsequently burned.
