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“Authored and executed by volunteers from Decentralized Business Systems for the betterment of participants and to provide proof of honesty within the space.
Fundamental Workings of The DBS Token:
DBS Token Address: 0x4f7aff8f0c78b51c0e30f02f27a67b5a6a11552b
The DBS Token is currently on the Ethereum Network.
The DBS Token employs a 1.1.1% fee on every transfer, which can be seen as a 3% tax. However, participants could view this mechanism as the most efficient means of expediting the overall development and maturation of the project.
The first 1% of the 3% tax is split in two:
The second 1% of the 3% tax is autonomously burned forever:
This mechanism makes the DBS token a deflationary cryptocurrency asset. Every time a transaction occurs with DBS, 1% of that transaction is removed (i.e., “burned”) from the total supply, dramatically increasing the scarcity of every DBS token in circulation. This also means that every time a DBS token is used or transferred, the value of the remaining DBS tokens in circulation increases by permanently decreasing the total supply (deflation).
The third 1% of the 3% tax is directed to the project funding wallet:
All proceeds directed to the project funding wallet are collectively used by the development team for the project. Premium products often require premium support services. The DBS token development team responsibly uses these proceeds to cover the implementation costs required to meet the project’s future international utility goals and for legal compliance fees.
Any extra support, whether donations to the development wallet or volunteering to promote the project, is welcome.
As of this writing, the project relies entirely on the community for marketing.”
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