SINGAPORE, Jan. 06, 2023 (GLOBE NEWSWIRE) — RewardTax, a new multi-chain deflationary token, has announced the launch of its innovative token $REWARD on Binance Smart Chain, which aims to empower retail investors by empowering them rewarded for holding tokens over the long term and providing access to secure and transparent financial products. By holding and staking $REWARD, investors can collect rewards in both a stablecoin (BUSD) and the native $REWARD token. The company states that as the platform matures, $REWARD holders can look forward to additional rewards such as unique NFT airdrops and bonuses for prediction wins. This launch offers investors an exciting opportunity to earn rewards distributed in BUSD as their $REWARD tokens grow through various automated strategies.
RewardTax is a community-driven project operating in the decentralized finance (DeFi) sector, governed by a decentralized autonomous organization (DAO). The platform uses the concept of negative tax, which means investors receive 100% of the threshold on a transaction. On the shopping side, there is a 2% tax and a 4% negative tax (reward) for a net benefit of +2%. The 2% tax is split, with 1% converted to BUSD and distributed among $REWARD holders and the other 1% collected as a reserve tax for strategic pricing support and marketing. The 4% reward is paid in $REWARD tokens.
On the sell side, on the other hand, there is a 2% tax that is shared, with 1% being converted to BUSD and distributed among $REWARD holders, and the other 1% being collected as a reserve tax for buyback and burning with strategic pricing support . Reward Tax is the first project to offer investors twice the value of their tax as a reward, making it an attractive option for buyers. The combination of 1% BUSD reward and deflationary staking makes $REWARD a strong asset in the DeFi space.
RewardTax Products-
RSWAP DEX- RSWAP (short for Reward Swap) is a decentralized exchange that allows users to trade and exchange different types of assets. It leverages existing PancakeSwap liquidity pools and will eventually offer its own liquidity options to generate revenue for $REWARD holders. The exchange is easy to use and works in a decentralized manner, ie it is not controlled by a central authority. Users can participate in trade farming and contribute to the liquidity of the exchange.
RBRIDGE (Cross-Chain Asset Management)- RBRIDGE is a tool that allows investors to move different assets between different blockchains. This improves the user experience and generates fees for the RewardTax platform. It is an important part of the company’s portfolio as cross-chain technology is expected to play a significant role in the future.
RFARM (Staking & Farming)- RFARM is a feature that allows $REWARD holders to earn a variable annual percentage return (APY) through staking and farming. As more people stake their tokens, the initial high APY may decrease. However, those who stake their tokens early are more likely to earn a higher APY than later investors. The RewardTax platform rewards long-time players and encourages $REWARD holders to take advantage of this feature.
RMPLACE (buy, sell and rent NFTs) – RMPLACE is a marketplace for buying, selling and renting non-fungible tokens (NFTs). It allows investors to maximize their income by selling or leasing their revenue-based NFTs. Users can buy and sell different types of NFTs with other users, including $REWARD NFTs, project mystery boxes, and accessories. Only $REWARD NFTs have a revenue sharing feature, and in the future users will be able to rent these NFTs to others through the marketplace.
RewardTax CEO Randy Rowdy, spoke about the future of the company and its plans for the next few years. He emphasized that the $REWARD token will be deflationary in nature, with its supply decreasing over time through the use of a strategic price support strategy. The company has already completed its research and development phase and is now preparing for the market launch, which is planned for the end of January 2023. In the following quarters, the company plans to focus on growth and advancement by launching integrated products such as RSWAP, DEX, BRIDGE, RFARM and RMPALACE. These products are designed to add value to the RewardTax platform and its investors.
About us- RewardTax is a multi-chain deflationary token that aims to empower retail investors by rewarding them for long-term holding and providing access to safe, transparent and open financial products. The company’s mission is to create a more accessible, efficient and equitable financial system within the blockchain industry. The company encourages long-term holding by using a negative tax where investors receive 100% of the threshold and by distributing rewards in BUSD and $REWARD tokens. Additionally, the platform is managed by a DAO, giving the community a direct say in its development and direction. As the platform grows, $REWARD holders will benefit from various rewards such as unique NFT airdrops, prediction win rewards and more. The company has a strong focus on the future and plans to launch integrated products such as RSWAP DEX, RBRIDGE, RFARM and RMPALACE in the coming quarters.
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