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The Yieldify Protocol (YIFY) has a unique fee structure that is designed to support the growth and sustainability of the protocol. The protocol has a 2% fee on all buys and sells of the $YIFY token. This fee is used to fund various initiatives that support the growth and development of the protocol.
- 0.4% of the buy and sell fee is allocated towards the buyback and burn mechanism. This mechanism is designed to help increase the value of the token by decreasing the overall supply of tokens in circulation. This helps to keep the token price stable and reduce the risk of dumping.
- 0.6% of the buy and sell fee is allocated towards development of the protocol, the development team will use this funds to continue improving the protocol, to develop new features and to improve the user experience.
- 1% of the buy and sell fee is allocated towards marketing and community building efforts. This is used to increase the visibility of the protocol, build a strong community of holders and attract new users to the platform.
This fee structure is designed to ensure the sustainable growth and development of the protocol, and aligns the interests of the holders and the development team. The project will be transparent about the use of the fees, and provide regular updates on how they are being used to support the growth of the protocol.