Tax

Navigating Odeum's Tax Structure

In the intricate landscape of Odeum token transactions, which encompass both acquiring and divesting, an elaborate dual tariff structure comes into play. Specifically, a 5% levy is applied to both the act of purchasing and the act of selling Odeum tokens.

This carefully planned tax framework stands as a pivotal mechanism, designed to nurture and enhance the platform's comprehensive ecosystem on an ongoing basis.

How we intend to use the tax

25% will go towards incentivizing artists by tipping through Odeum's staking and tipping mechanism. Artists and stakers will be rewarded from the team each month.

25% will go on marketing efforts. This includes paid spots on websites, twitter campaigns and influencers among other avenues.

50% will go towards infrastructure costs, development funds and ensuring the company can continue it's mission.