💲Cloak Bot Transaction Fees
Each transaction on the Cloak platform is subject to a 30 basis points (bps) fee, equivalent to 0.3% of the transaction value. This fee structure ensures that Ghost Snipe remains sustainable while offering a competitive, privacy-focused sniping solution. Below is a detailed breakdown of how these fees are applied and allocated.
Fee Structure (30 bps per Transaction)
Total Fee: 0.3% of each transaction (buy or sell) on the Cloak Bot platform.
Applicable Transactions: This fee applies to all transactions processed by Cloak Bot, including snipes, liquidity additions, and sales. Premium users may qualify for partial fee reductions based on their token holdings.
Fee Allocation Breakdown
Liquidity Pool Support (40%)
Allocation: 40% of each transaction fee goes towards strengthening the liquidity pool.
Purpose: Ensures deep liquidity for smoother trading experiences on decentralized exchanges (DEXs) where Cloak Bot operates.
Benefit to Users: A robust liquidity pool minimizes slippage and improves price stability for all users.
Development and Upgrades (30%)
Allocation: 30% of transaction fees fund the ongoing development, security enhancements, and feature upgrades for Cloak Bot
Purpose: Supports platform improvements, security updates, and additional privacy features to maintain Cloak's competitive edge.
Benefit to Users: Regular updates ensure that users enjoy cutting-edge features, security protocols, and a continuously improving user experience.
Token Burns (20%)
Allocation: 20% of the transaction fee is dedicated to burning Cloak tokens.
Purpose: Token burns reduce the overall supply, introducing a deflationary mechanism that can potentially increase the token’s value over time.
Benefit to Users: As the token supply decreases, the value per token may rise, rewarding long-term holders and incentivizing loyalty.
Marketing and Partnerships (10%)
Allocation: 10% of transaction fees are directed towards marketing initiatives and strategic partnerships.
Purpose: Drives growth and expands Cloak's presence within the crypto community, attracting new users and forming valuable alliances.
Benefit to Users: Increased visibility and partnerships enhance Cloak's reach and credibility, potentially driving more users and liquidity to the platform.
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