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In a previous peak of meme coin hype season, reflection tokens were the iconic buzzword for generating hype. Charging a buy and sell tax on tokens, then distributing these fees to existing holders was considered a good way to relieve sell pressure. Investors were assured that they would earn ongoing rewards, simply by holding their reflection tokens. Who could ever forget the iconic $6 to $400k SafeMoon trade?
Taxing token buys and sells was also beneficial for new projects launching the crypto space. Receiving a small percentage of fees every time a token changed hands was a good way to build an instant revenue stream, while also attracting buyers and rewarding investors.
Despite this, token reflections have proven themselves as an unsustainable and hollow myth. They disproportionately benefit the token’s early buyers, who stand to reap enormous rewards off latecomers. Those who buy later receive significantly diminished rewards. What’s more, as soon as trade volume tapers off, the project is left with a depleted, almost non-existent, revenue stream.
That’s where MetaBlaze, this visionary new Web 3 Gaming Platform, flips the script and envisions a creative new alternative focused on sustainable scalability. MBLZ, the native token of the MetaBlaze ecosystem, features a dynamic tax reduction strategy. Playing a small part as to why MetaBlaze is recognized as the top 10% most watched crypto projects.
Additionally, MetaBlaze’s core team is one of the first teams to earn a comprehensive Gold KYC badge via Certik, the most reputable Blockchain Security company within the crypto space.
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