Comment on page
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.
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.
Last modified 20d ago