Sell Fees

Total: 14%

3% – Goes to the liquidity Pool

4% – $NOVO Allowance fund:

The fees for trading are accumulated in the NAF assisting in sustaining and backing the staking automatic rewards distributed

3% (+2% Impact Tax) The $NOVO Bank: These fees are forwarded to the NB which in return supports the NAF by providing funds for $NOVO marketing and all its development

1% The Mariana Trench: 2% of all $NOVO that are traded are burnt in the Mariana trench, it reduces the circulating supply of $NOVO and keeps Novoos stable.

3% – BUSD rewards: The rewards are redistributed from the pool after reaching a threshold in the contract and forwarded to $NOVO holders

Resolution Tax or Impact Tax (Anti-Dump Protocol):

This a unique algorithm to enforce an anti-Dump Tax which is added and determined on the price impact of the sell in question.

As an example, you can take this into consideration with the standard $NOVO current sell tax of 14%: Attempting to to sell with 0.5% $NOVO price impact, the total tax that will be applied whilst trying to sell with 0.5% price impact, 16% + (0.5% * 8) = 20%, this is the rate of tax which will be applied in this situation.

The Resolution Tax is dynamic, it increases dependent on the price impact against the supply up to 1% to combat price fluctuation and dumps.

This will trigger Ground Zero which will be turned on automatically by the NAC contract and can be seen live HERE.